Comments on: Debt Solutions For Those Looking To Get Out Of Debt http://studenomics.com/debt-reduction/debt-ranking/ Tue, 22 May 2012 12:21:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Maureen http://studenomics.com/debt-reduction/debt-ranking/#comment-13 Maureen Fri, 14 Nov 2008 23:10:15 +0000 http://studenomics.com/?p=87#comment-13 Bad debt is especially important to understand when discussing student loans in England. They are thankfully at an amazingly low rate meaning you can put the surplus in a much higher savings rent and make money from money being loaned to you! By the way I was disappointed to see there are only a few articles here but then I realised that this hasn't been running long. I wanted to say I love the lay out. As a student, I know that students can relate to this better and the name studenomics is catchy and memorable. Well done for setting up such an accessible site. I wish you all the best and look forward to posting more comments about various student financial activities in my life. Bad debt is especially important to understand when discussing student loans in England. They are thankfully at an amazingly low rate meaning you can put the surplus in a much higher savings rent and make money from money being loaned to you!

By the way I was disappointed to see there are only a few articles here but then I realised that this hasn’t been running long. I wanted to say I love the lay out. As a student, I know that students can relate to this better and the name studenomics is catchy and memorable. Well done for setting up such an accessible site. I wish you all the best and look forward to posting more comments about various student financial activities in my life.

]]> By: Caleb http://studenomics.com/debt-reduction/debt-ranking/#comment-9 Caleb Thu, 13 Nov 2008 18:28:40 +0000 http://studenomics.com/?p=87#comment-9 I think that people hear the word 'debt', and they automatically cringe. It's important to understand that not all debt is bad. Some debt is good, like you mentioned. Most people wouldn't mind taking on a school loan payment, because of the all of the rewards that an education adds to your life. Some debt is required to start a business or to acquire investment properties. A smart investor learns how to accumulate and leverage debt in the right ways. If you were to purchase a property, and your mortgage payment was $1000 a month, but you rented it out for $1250 a month, that debt that you accumulated is generating income. You would be making money with money that wasn't yours to begin with. I think that people hear the word ‘debt’, and they automatically cringe. It’s important to understand that not all debt is bad. Some debt is good, like you mentioned. Most people wouldn’t mind taking on a school loan payment, because of the all of the rewards that an education adds to your life. Some debt is required to start a business or to acquire investment properties. A smart investor learns how to accumulate and leverage debt in the right ways. If you were to purchase a property, and your mortgage payment was $1000 a month, but you rented it out for $1250 a month, that debt that you accumulated is generating income. You would be making money with money that wasn’t yours to begin with.

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