7 Common Myths About Money You Need to Stop Believing

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Not all debt is bad

Schieck says that people tend to think of debt as good or bad debt, but she suggests reframing how we think about debt. “Sometimes it’s helpful to think about anything that’s increasing your net worth [for example, ongoing education] as meaningful savings. So knowing all debt isn’t always bad, but it’s still a great goal to pay it off.”

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