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6 Questions To Improve Your Financial IQ

BetterWealth with Caleb Guilliams

CHAPTER

Do You Know the Difference Between Good Debt and Bad Debt?

The reason why we should invest is to be aligned with our future goals. A lot of people are investing they're getting rate or return or other factors that really don't matter to them determine what they do with their money. Good debt helps you get closer to where you want to go reduces your risk improves your net worth and increases your cash flow. Bad debt puts you behind it reduces your net worth, reduces your cash flow and puts you more at risk. If you have a tax strategy there's about a 90% chance that you are overpaying taxes in some way.

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