Borrowing, Credit & DebtDebt
What Debt Buys
Borrowing for things that grow versus things that shrink
A car loan and a student loan are both debt. One buys something that loses a fifth of its value in a year.
You'll find out
- What a new car is worth a year on
- What a degree is worth a week
- Why a home can go both ways
Why it matters
A loan's real cost depends on what it buys. Some things can grow; others start shrinking the day you buy them.
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