Money Tree G67 Lesson 22

When you borrow to invest in things that will help you make money

• Good debts

• Bad debts

With good debts, your _______ must be more than the _________ you pay.

What is not an asset?

• Real estate

• Jewelry

• Credit cards

• Car

When you borrow to invest in assets

• Good debts

• Bad debts

When you borrow to spend on things that decrease in value

• Good debts

• Bad debts

With bad debts, not only do you have to pay ________, you will also lose money as the _____ decreases.

Check all the examples of liabilities

• car loans

• credit cards

• mortgages

• cash

When you borrow to buy liabilities

• Good debts

• Bad debts