The Growth Guide: Self-Improvement | Greatness | Impact | Creators | FI |  cover image

Financial and Life Literacy with Nelson Soh

The Growth Guide: Self-Improvement | Greatness | Impact | Creators | FI |

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Good Debt vs Bad Debt - What Are Your Thoughts on That Debt?

Clint: I think one of the most fundamental things for financial literacy and financial independence is that concept of good debt versus bad debt. In my mind, good debt is any debt that's like very low interest. Bad debt on the other hand is something like credit card debt that has really high interest rates or compounding frequently. If you can't pay it off at the end of the month, don't put the money on it.

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