5min chapter

BetterWealth with Caleb Guilliams cover image

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode