Exploring the Debt-Free Revolution: Good Debt vs. Bad Debt

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5 minutes to Finance Well

Beth Clay

40 episodes

1 day ago

Bite size financial tips to become financially well one podcast a time. We'll address common financial concerns like ending up with no money, feeling guilty after spending, and handling awkward financial conversations with family. Dive into topics including why wealthy people use debt to grow their money, how much you should be getting paid, and effective saving strategies. Join us weekly for honest, judgment-free discussions designed to improve your financial well-being and make you feel good about managing your money. Subscribe, share, and tell us your biggest money challenges.

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Self-Improvement

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Exploring the Debt-Free Revolution: Good Debt vs. Bad Debt

5 minutes to Finance Well

6 minutes 23 seconds

1 year ago

Exploring the Debt-Free Revolution: Good Debt vs. Bad Debt

In today's episode we diving into the trending topic of debt-free living, particularly among Gen Z and Millennials.

We discuss the rising popularity of the debt-free revolution on social media, the FIRE movement, and methods to achieve financial independence.

Additionally, we explore the differences between good debt and bad debt, emphasising the importance of managing debt responsibly.

Tune in for insights on how younger generations are navigating student loans, credit card debt, and personal loans in today's financial landscape.

00:00 Introduction to the Debt-Free Revolution

00:41 The Popularity of Debt-Free Living

01:53 Challenges Faced by Younger Generations

02:59 Alternative Financial Strategies

03:55 Understanding Good Debt vs. Bad Debt

06:01 Conclusion