Many Americans believe debt is always bad and should be paid off as soon as possible.
And normally, it’s good to minimize your debts. However, there are a couple debts that can give you a financial advantage… even profits.
Ask most people about their student loans and their first thought is, “I can’t wait to get this paid off”.
A worthy goal but if you look at the interest rates you’ll see something most people miss.
Student loans traditionally carry a low, simple interest rate and this can make them a debt worth carrying.
Why?
The time value of money
Let’s say you have $30,000 in student loans with a 4% interest rate and 30 years to pay them off. Some people will see the