What is “Good Debt” vs “Bad Debt”?

In this episode, we get creative about:

How to think like the rich!

What types of debt are good, and what debt to avoid!

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Show Notes:

Did you know there is such thing as “good” and “bad” debt? So often we have people in our lives who have an opinion on one extreme end or the other when it comes to debt. You’ve likely heard people say ALL debt is bad and to avoid it at all costs! Only pay cash! While there are others who leverage debt for everything and think it’s the best! In this short and sweet episode, I’m giving examples of debt that can benefit you, and debt that doesn’t help you work towards the financial freedom we talk about here on the podcast! I’d love to hear from you! Are you pro debt, against it, or somewhere in the middle? Shoot us a DM on Instagram @thejessemills and let us know!

01:15 What is good debt?

04:20 What is bad debt?

06:15 Addressing two “extreme” perspectives when it comes to debt!