Good Debt vs Bad Debt: Your Plan for Paying Off Debt Faster

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.6 • 1.8K Ratings

🗓️ 11 May 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you know the difference between good and bad debt? Laura explains why it's a critical concept for saving money, building wealth, and creating more financial security. Plus, she covers a simple 7-step plan for paying off debt fast.

Transcript

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0:00.0	Hey everybody and welcome back to the Money Girl podcast.
0:08.9	My name is Laura Adams and I'm a money and small business expert and author who's been
0:14.2	hosting the show since 2008.
0:17.0	The mission here is to help you get the knowledge and motivation to prioritize your finances,
0:22.3	build wealth, and have more security and less stress.
0:26.5	Every show is like a mini training designed to help you come away with practical advice
0:31.1	and tips that will help you make better money decisions and take your financial life to
0:35.6	the next level.
0:36.7	I want you to subscribe to the show so you make sure you never miss a weekly episode and
0:42.2	I would love your participation.
0:44.0	You can send me your money question or comment.
0:47.3	A great way to do that is by calling our voicemail line.
0:51.0	The number is 302-364-0308.
0:56.6	You can also email me using my contact page at LaraDatoms.com or connect with me on Instagram
1:04.5	at LaraDatoms.
1:07.5	And as always, if you want to read a companion blog post for this show or any show, they're
1:12.8	published every week in the Money Girl section at quick and dirty tips.
1:18.5	Today's episode is number 708 called Good Dead vs Bad Dead, your plan for paying off
1:26.4	dead faster.
1:27.4	I get a lot of questions about dead and specifically which deaths should I pay off in which order
1:34.1	and how do I tackle it.
1:36.4	So today's show is hopefully going to give you a little bit of a framework to think about
	...

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