Is there such a thing as good debt? of course there is as long as you understand what it is. Like many things, if you don't know something or not familiar with it, you're going to fear it. Those fears can only be removed through learning, understanding and clarification. Just by understanding the simple concepts surrounding good debts it will give you an overwhelming advantage in managing your finances. As with anything, discipline and self-control need to be gained to put it into practice.