Hello, Wineavers. My name is Jesse Meekman. This is podcast number 293 for

Wineb, where we teach you four rules to help you stop living paycheck to paycheck,

get out of debt, and save more money.

Why do we want to help you get out of debt?

Because most of it is lame.

Why do we care?

Because debt means that you're paying for things you're no longer enjoying most of the time.

Debt is a it's just like a big old hairy kind of sweaty hand that reaches in your wallet and

pulls out a lot of your money before you've decided what you want your money to do.

If budgeting is giving every dollar a job, then debt is taking away some of that money and just not let you do

anything with it and that's a shame. So the question today and this was

submitted by Kevin one of our crack engineers at the Wineab team is is their good debt is there really good debt is there a time

and a place for any debt at all yes there is it is for an asset that will with

fantastic certainty increase in value over the lifetime of the asset. Or I should say over the time that you own the asset.

Now there are only a few things that fall into that

category and by few I mean one and that's a house. Last week we talked about student loans and is school? Is that good

debt? And I would submit to you that it is not because based on the interviews I've been

doing with people that have been working off on pan off their loans or based on maybe

your own experience or the experience of friends and family, it just doesn't feel like having, I don't know, a

third of a mortgage kind of shackled around your neck because you had that four-year degree. of your

degree. It just doesn't feel like there's the ROI there.

You have a lot of people that say I'm getting off topic here. A lot of people

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