I make no bones about it... We should ALL get out of debt! That is becoming all the more important as the federal funds rate is rising and will continue doing so in the foreseeable future. Your debts that are variable rate are going to become more costly, and any debts you take on from here on (hopefully none) will cost you more than they did previously. The moral of the story is that being in debt is dangerous and is becoming more so by the day, literally!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)