Everyone has debt. The debt can be divided into 2: good and bad.
Good debt is like make a loan and use the money from loan to make investment that give more return than the interest itself. The bad debt is like car loan. Why bad?? Because you have to pay the interest and your car value will be depreaciating the value every year. At the end, you lose more money. The other example of bad debt is credit card debt because it's has the highest interest. Minimun is 13% per year.
For me:
Bad debt : Car loan, credit card, personal cash loan(not using as should be)
Good debt : House loan.
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