This episode talks about debt and ways to pay off debt. We speak about different between good debt and bad debt and how bad debt can be detrimental to building wealth. We then go through how to get on top of bad debt and how to pay it off. I use the example of paying off the following bad debt loans: credit card $2k, 20%pa, $80monthly repayment; car loan $10k, 5% $250monthly; and personal loan $5k, 6%, $150 monthly. Always seek professional financial advice for your personal circumstances.