I’ve read, for years, that there is good debt and bad debt. Good debt has been defined as the debt one incurs to earn more money (investing in a business, education, etc) and bad debt is debt incurred on depreciating assets (like cars) or in a high interest situation (credit cards). When I was a kid, my dad was big on letting me know that all debt is bad debt. Does anybody still believe in good debt and bad debt? I know I’m leaning hard towards my dad’s view on debt.