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Is a debt consolidation a good idea? – Is Debt Consolidation A Good Thing?

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Is a debt consolidation a good idea? – Best Deal Right Now?

Debt consolidation… is it a good thing? It can be good or bad depending on why you want to do it. First, let me ask you if you’re coming at life from a consumer mindset, or an investor mindset. The reason I ask, is there are good debts, and there are bad debts.

When you consolidate consumer debt, you are doing something really smart. When you are consolidating good debts, business debt, or investor debts that make you money, it may or may not be a good idea.

The typical goal of debt consolidation is to pay off the debt, but you don’t typically want to pay off good debts. Instead, you control them for a while, then let them go.

Watch and Enjoy!
Kris Krohn & Nate Woodbury

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