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Money Guy Show
What Counts as High-Interest Debt?
Nov 22, 2023
Exploring high-interest debt and its relationship to education, mortgages, and investment opportunities. Maximizing the potential of HSAs and balancing financial goals. Finding purpose in retirement and the importance of passion. Discussion on saving for future expenses and prioritizing financial decisions.
25:35
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Quick takeaways
- It may be justifiable to have high interest debt on education loans based on the potential return on investment.
- Funding an HSA and investing the funds can provide tax-deferred growth and be used for tax-free qualified medical expenses in the future.
Deep dives
Differentiating Types of Debt
It is important to recognize that not all assets are the same. While education can increase earning potential, it cannot be sold like a home or a car. Therefore, high interest debt on education loans may be justifiable based on the potential return on investment.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode