In an inflationary economy, the word "Debt" is a double-edged sword. The wealthy use debt to become richer (good debt), while the middle class sells their future by using debt (bad debt). Good Debt: Money you borrow to buy assets whose value grows faster than the loan interest rate and inflation (such as a mortgage or a business loan). Bad Debt: Money you borrow to purchase consumer goods (which lose value over time) or fleeting experiences. The most deadly leak in a family economy is taking out high-interest consumer loans to buy items like the latest smartphone model, a larger TV, or furniture. Source: #Snowball_Effect #InflationaryEconomy #Debt #GoodDebt #BadDebt #FamilyEconomy #Inflation #LoanInterest