Debt is often spoken about as though it’s a terrible thing.

We're told that being debt-free should always be the goal, and that carrying debt

means we've made poor financial decisions.

But it’s more nuanced than that.

Some types of debt can create opportunities, while others can make life more difficult

and prevent you from ever reaching your goals.

Debt isn't automatically good or bad. And there are questions that you can ask

yourself before taking on debt that can make it clear whether or not it’s debt that will

move you forward or backward.

In this episode, we explore the relationship we have with debt, how it impacts the

economy and how to know if you’re using debt responsibly.

In this episode, we cover:

• 0:00 - Intro.
• 2:38 - The difference between good and bad debt.
• 4:33 - How debt can provide equal opportunity.
• 6:14 - How debt is making things cost more.
• 8:46 - The key to halting the cost of education.
• 9:46 - Are we really in a housing crisis?
• 14:14 - The 3-point test to know if taking on student loan is or isn’t worth it.
• 20:37 - The biggest impacts that debt has on the lives of the middle class.
• 21:34 - Use this test to decide whether or not to take on debt.

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