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Old 07-05-2013, 07:56 PM
larryinalabama larryinalabama is offline
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Join Date: Jan 2008
Location: Ragland Al
Posts: 14,504
Originally Posted by seabee24 View Post
Good debt- you have the money to pay for it cash or most of it cash but rather than clearing out your bank accounts for the purchase to leave you with liquid funds to spare which can be used for other savings in business like bulk discounts, or time/labor saving tactics.
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Good debt is what your compedators have.

In reality there is no good debt in this business, debt increases your risk of failure, debt is expensive, and debt on a asset that is going down in value is extremely expensive.

Too me a lawn mower payment doesn't even sound right.
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