When Debt Makes Sense #141
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 20 November 2019
⏱️ 46 minutes
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Summary
There are times in our lives as consumers, that we’re faced with a decision: even though I can’t afford it, do I buy this thing that I really want? “Ohhh, that new iPhone looks really awesome” or “It would be a ton of fun to take a trip to the mountains next month!”. We often already know that the answer to these questions should be “No, I don’t have the money” because we know it’s not worth going into debt for these types of expenses. But sometimes the answer isn’t always as cut and dried as we’d like it to be. What if, as someone looking to invest in yourself, you’re thinking about taking out some student loans? Or what if you’re considering purchasing a home and you don’t have hundreds of thousands of dollars set aside? Occasionally, we find ourselves in these situations where debt might make sense. Listen as we talk through some of those scenarios as well as what else to keep in mind when you’re considering taking on debt.
During this episode we enjoyed a Czech Pilsner by yEAST Atlanta Brewers- a big thanks to our beer brewing friend John Francis for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
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Transcript
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| 0:00.0 | Hi, I'm David Eagleman. I have a new podcast called Inner Cosmos on I Heart. I'm going to explore |
| 0:06.8 | the relationship between our brains and our experiences by tackling unusual questions. Like, |
| 0:13.6 | can we create new senses for humans? So join me weekly to uncover how your brain |
| 0:20.9 | steers your behavior, your perception, and your reality. Listen to Inner Cosmos with David Eagleman. |
| 0:27.4 | On the I Heart Radio app Apple Podcasts or wherever you get your podcasts. |
| 0:33.0 | Last season, millions tuned into the betrayal podcast to hear a shocking story of deception. |
| 0:38.1 | I'm Andrea Gunning, and now we're sharing an all-new story of betrayal. |
| 0:43.3 | Ashley Litten was helping her husband set up a business fanmail account when she discovered a |
| 0:47.5 | terrible secret. I saw a hidden folder and I opened it with the help that I just see. |
| 0:54.4 | Listen to season two of betrayal on the I Heart Radio app Apple Podcasts or wherever you get your |
| 1:01.2 | podcasts. Hey everybody, we are Ben Bullen, Matt Frederick and Noel Brown of Stuff They Don't |
| 1:07.0 | Want You To Know, the podcast on I Heart Radio. We're hosting an informative discussion in I Heart |
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| 1:33.3 | Welcome to How To Money. I'm Joel and I'm Matt, and today we're discussing when debt makes sense. |
| 1:51.6 | Yeah, Joel, sometimes debt actually does make sense. Hopefully our listeners are blindsided by |
| 2:03.6 | the fact that we don't hate debt, at least not all debt. Yeah, hopefully they don't think we've |
| 2:07.7 | gone off the personal finance deep end here. But debt is kind of a necessity of modern life and |
| 2:12.3 | it's something we have to talk about. Not all debt is created equally. Right. Yeah. |
| 2:16.1 | Important to distinguish. Some debt is good. Some debt is worth thinking on. Other debt is awful, |
... |
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