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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00A lot of people talk about debt as a good thing. How do you know if it's good debt or bad debt?
00:04I have a lot of good debt and I view any good debt as something that makes you more money than
00:08you spend. Let's say you have a business and you're able to borrow money at 10%. But that
00:13borrowed money makes you a 50% ROI because you could run ads with it. Then it's fantastic debt
00:19or a low interest mortgage. Let's just say it's 3%. But inflation is 3%. That's good debt. If you
00:25have a car and you're paying 6%, but that car is used for business, that makes you 10%. I think
00:29that's good. So if it makes you more money than you spend, it's not the end of the world to keep it.
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