INVEST HOME EQUITY
As any savvy investor will tell you, there is good debt and bad debt. Bad debt is non-taxdeductible debt – the amount you clocked up on your credit card for that European holiday; the loan you took out to buy a new car.
Good debt typically refers to taxdeductible debt, such as that accrued when money you have borrowed from the bank is used for an incomegenerating investment such as property, stocks or bonds.
Then there is a strategy that allows you to replace the non-tax-deductible debt in
