EP 20 - Dealing with Debt

With the increasing cost of living affecting most Australian households, it is easy to see why national debt levels are at an all-time high. Unfortunately, too many families rely on their credit card and are living week to week which makes it nearly impossible to get out of debt and get ahead financially. If you find yourself with some or a lot of debt, it is essential that you understand what debt is and what type of debt you have. As it is necessary to be aware that not all debt is the same and there is, in fact, a type of debt that can be good. Episode Sponsor This episode is brought to you by More Time Financial. A financial planning, money management and financial education company who are on a mission to help young Australians make smarter decisions with their money. Good debt is that type of debt that is your friend and if you are going to have any debt at all this is the type you want. Bad Debt, the type of debt that unfortunately for most Australians we need to have some of this in our lives to provide us with one of our essential needs which is place to live. Ugly Debt, the worst type of debt, which unfortunately too many Australian families have too much of and are what causes a lot of stress on the household budget. Full show notes available at rossmarais.com/ep20 About Me: Ross Marais I am a Gen Y Financial Adviser & Lifestyle Planner. CoFounder of More Time Financial. For the past 4 years I have been on a mission to help young Australians make smarter decisions with their money. Follow me Online Here: Website | rossmarais.com Instagram | Instagram@rossmarais Youtube | Youtube@rossmarais Facebook | Facebook@rossmaraisoffical Twitter | Twitter@rossmaraisfp LinkedIn | LinkedIn@rossmarais Medium