Average debt by age and what to do about it.

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

investing, taxing.

You've got financial questions, he's got financial answers.

It's Brian Preston, the money guy.

Yeah, Brian, this is an exciting one because you know, we talk about all the time, the positives,

the good stuff, the happy stuff of personal finance.

But there is a dark underworld.

And that dark underworld, unfortunately, is debt.

Yeah, debt, I think it's not only ironic, but it just tells you what's going on with

debt is that debt is truly a four-letter word.

That's right, yep.

I mean, I know we get past the irony of it is four letters, but it gets you in a lot of

trouble.

Just like you get your mouth washed out with soap, if you say the wrong four-letter word,

debt is the type of thing that if you do it wrong, you'll wish it was just washing

your mouth out with soap because it can really set you up for a lot of bad stuff.

Now we are different than a lot of financial folks and that we are not anti-debt.

We're not folks that say that you cannot ever use debt for any reason, but we do think

it's a powerful tool just like a chain saw.

And just like a chain saw, you have to respect, you have to use it responsibly, you have to

know what you're doing.

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