So if not all debt is bad debt, the topical debt management question is how can you tell which types of debt are good? What’s more, how do you protect yourself so you can avoid problems that arise when you have too much debt?
Having debt isn’t the end of the world. But in order to get out of debt, you have to be proactive. Be lazy and you’ll stay in debt. You always have a choice. Stay in debt or get out of debt. Here is a satirical look at how not to pay off debt.