This is the Ramsey Call of the Day, part of the Ramsey Network.

Jamie joins us in Philadelphia, Pennsylvania.

Jamie, welcome to the Ramsey show.

Hello, my guys.

Hey, how can we help?

So I've been listening to you guys for the past couple of weeks,

but I've yet to read and look into the steps for financial peace, I guess. I'm 19 years old,

and I plan on buying my first twoplex pretty soon, but I'm going to be purchasing with the mortgage.

I've been hearing from a lot of you guys to stay out of, like, debt,

but I also heard from other sources to stay out of bad debt.

So I was just curious, like, what is the difference of, like, bad debt and good debt, I guess?

I mean, I put on renting out both sides of duplexes, so I'm going to have some cash on top of it.

But, yeah, I'm just pretty much curious.

So I guess that's pretty much.

Yeah.

So, Jamie, I'll say what the world says, what the culture is saying, when they're saying,

quote unquote, good debt, it's usually in purposes of an investment. You know, people say, well, student loans are good debt because it's an investment in

yourself.

They'll talk about a mortgage being good debt if you're taking data out on your business

because you're going to make money.

So, like, that's the way the world kind of operates when it comes to the system.

But here at Ramsey, I'll just tell you we're pretty weird.

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