Malaysians dream of being debt free, but not all debts are bad

Most Malaysians dream of being debt free... as soon as they can. However, not all debts are bad because certain types of debts give you the opportunity to acquire appreciating assets. However, some other types of debts (e.g. consumer debts) can be detrimental to your financial health. These debts need to be managed properly before they become a big financial liability which will take years to get out of, writes AMELIA HONG.

WITH easy credit and smaller repayments, some people are burning financial holes in their pockets without realising it. When this debt compounds, you will often be shocked at how much in debt you are. Do a few things before it becomes too late.