Worth It

84: Adulting 101 Series: Debt

Informações:

Synopsis

We hear it all the time: “I feel like I’m not actually an adult because I have debt. And debt is bad!” Do you resonate with that? Well… we’re here to tell you a few things about debt that just might blow your freakin’ mind. Check out the fourth installment of our #Adulting 101 series about *drum roll please* debt repayment. How much should you be paying to debt? You’ll probably be surprised. WHAT YOU’LL LEARN 02:19 What people sacrifice for the sake of paying down debt 03:20Generational fear and hatred of debt 03:46 Dustin’s chart that “explains everything” 05:00 Why the truth is that not all debt is bad — and why not all debt should be treated equally. 07:42 Why you should treat interest rates like a game 08:26 The definition of interest  09:09 The good, the bad, the ugly debt 10:56 At what percentage you should start focusing your debt repayment 11:26 What Dustin thinks is “horrifying” 12:58 How much should we be paying off our debt? 13:29 How to shift your savings goals around to pay off high interest debt