Many people and money experts believe all debt is bad and should be avoided or paid off quickly

or as quickly as possible. I'm in a different camp. I believe that debt is more nuanced and that there

are specific types called good debts

that can improve your finances by building wealth.

This podcast will review the differences between good and bad debts, so you eliminate the bad

ones and leverage the good ones to increase your net worth. I'll also review

five steps for paying off the right debts faster, so you save money and create more financial

security. Welcome back. I really appreciate you being with me on episode 924 of Money Girl. I'm your

host, Laura Adams, an award-winning author, spokesperson, speaker,

and founder of the Money Stack. That's my substack newsletter. And of course, I'm the host of this

podcast with over 44 million downloads. If you enjoy the free content we love creating for you

here, take a moment to rate and review the show in your podcast app.

And I'd love to hear if you're enjoying the show or maybe if it's helped you improve some

aspect of your financial life. You can do that by leaving a review, calling 302-364-0308,

or visiting my website, LauraD. Adams.com. When you go there, you'll find an email contact

page and more information about my work, books, and money courses. And of course, that's also

where you can sign up for the money stack. You'll automatically receive my money success toolkit

with the exact templates that I use to manage my own money.

They're a free gift. All right, so let's get into what I'm talking about when I say good debts.

One way to know if a debt is good or bad is to ask yourself if it pays for something that

appreciates or depreciates. If you use debt to finance

an asset that should be worth more in the future or will allow you to earn more money in the

...