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Episode 1464:

Jeff Cornwall explores the difference between good and bad debt, focusing on how understanding their distinctions can guide more responsible financial decisions. He emphasizes the importance of aligning debt with long-term goals, encouraging a thoughtful approach to borrowing that avoids common pitfalls and fosters financial stability.

Read along with the original article(s) here: https://drjeffcornwall.com/2020/09/15/good-debt-bad-debt/

Quotes to ponder:

"Good debt is borrowing that is used to purchase something that will grow in value or generate income."

"Bad debt is borrowing to purchase things that lose value quickly or are consumed immediately."

"Too much bad debt can lead to financial stress, even when income is steady."

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