4. Good Debt vs Bad Debt

Freelancing Your Way to Financial Freedom

Money is a tricky matter, and sometimes it takes debt to get to where you need to be.

In this episode, we will dive into the differences between good vs. bad debt. I will provide insight into what debt is worth considering and what should be avoided.

We speak on mortgages, car loans, 0% interest and credit cards.

If you're feeling overwhelmed and frustrated by the amount of debt you are accumulating despite the budgeting, cutting costs, and debt repayment strategies you may already be taking, then you are not alone!

In this episode, you will be able to:

• Distinguish between good debt and bad debt for financial success.
• Identify high-interest credit card debt as a dangerous financial pitfall.
• Learn how mortgages and student loans can serve as examples of beneficial debt.
• Establish positive credit through wise credit card usage.
• Grasp the significance of budgeting and aligning your financial decisions with your long-term objectives.

Resources Mentioned:

• Free Budget Template

Visit the Show Notes:

• https://meganmendez.com/episode4

Connect with Megan:

• Follow on Instagram - @meganmendez__
• Website - meganmendez.com
• Join The Debt-Free CEO FB Community - The Debt-Free CEO Community