6. How Much Debt is Too Much Debt?

Today on the show we are tackling the question of: HOW MUCH DEBT IS TOO MUCH DEBT? Welcome to the debt life, we love it here. Just kidding - sometimes we do and sometimes we don't, it really depends on what debt we're talking about and when you asked us. Most of us would know, not all debt is created equal - there are good debts and bad debts. But how do we know whether the amount of debt we have is okay, or way too high? Cat and Christine share some stories (as always) and discuss all the things they love about the debt life. In this episode we cover: What exactly are good debts and bad debts Being realistic with your debt levels when buying your first home Whether being debt-free really is the key to financial success The waterfall debt payment method, offset accounts and doing more with your money The trouble with instagram and comparing debt-free journeys If you're keen to check out more, or see the resources discussed in this episode, head to https://itsnosecret.co.nz/6 If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz