Can “good debt” help grow wealth?

People do a lot of things with money that isn’t theirs. Often, it’s a recipe for regret. But there are situations where borrowing can be a powerful tool to wealth building. The key is distinguishing between good debt (low interest loans, appreciating assets, tax deductible) and bad debt (high interest loans, consumables with no lasting value). Being fiscally responsible isn’t as fun as a European vacation, but giving yourself financial options down the road is a luxury you’ll never regret.

Managing debt is a financial equation that can have complex emotional baggage. Working with an experienced CERTIFIED FINANCIAL PLANNER™ can help you make sense of what strategies will work best for you.

Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Community Financial Consultants is another business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance LLC, a registered investment advisor. Independent Advisor Alliance is a separate entity from LPL Financial. First Community Bank and First Community Financial Consultants are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Community Financial Consultants, and may also be employees of First Community Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First Community Bank or First Community Financial Consultants. Securities and insurance offered through LPL or its affiliates are:

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