When you get into debt (or buying something using your credit card), it is very important to identify if the debt incurred is a good debt or a bad debt. Simply put, a good debt will have a very good potential to increase your cash flow and assets on a future date. Sometimes the same debt can become a good debt or bad debt, depending on how it is originated and managed. A student loan is generally considered as a good debt. But if you take a huge student loan and didn’t graduate and didn’t benefit from your education then ...