Good Debt

I read somewhere that student loans and mortgages are considered good debt. How do and can someone explain.

Firstly, it is a good investment ... Figure you find a job and repay the loans and start earning money for yourself. Second, you need to develop good credit ... if you are ready and start to repay promptly and regularly, it will be a positive mark on your credit. Of course it is fine if you do not need to seek them, but if you do, this is not the end of the world:)

everything can be good debt if you just pay on time

Because you are investing in your future, and hopefully get a good career that you can repay quickly. a mortgage is good because the value of a house typically gain rather than lose value.

Student loans are considered an investment in yourself. With a college degree and your earnings are generally higher than someoone without a diploma. Student loans also have the lowest rate of interest on all loans. The mortgages are considered good because most appricate, which means going value. Unlike cars that are bad debts because they depreicate. Accountants have run because he depreicating active, which means its a plus because it yourself, but every year there is even, it loses more of its value.