How to Decide What’s Good Debt, Bad Debt, and Right For You

[Ep 177]Debt isn’t just a number. It’s a commitment from your future income. In this episode, we revisit a foundational concept: what debt actually is.Debt simply means you’re delaying payment today in exchange for a higher cost later. And once you understand that clearly, your decisions around borrowing become much easier and far more intentional.I share why debt isn’t automatically bad. It can help you build credit and purchase important assets. But every dollar borrowed reduces the flexibility of your future money which means the real goal isn’t avoiding debt completely, it’s choosing it on purpose.✅ What debt really is and why the definition matters✅ How borrowing affects your future income✅ How much debt is actually comfortable for you✅ The difference between secured and unsecured debt✅ How to set personal rules for credit card use✅ How to stay in control of borrowing instead of reacting to itWhat topic or question would you love answered on the podcast?Not sure what you need to do to make retirement happen? Let’s identify your priorities and next steps in a Retirement Strategy Session. Book your session today.Looking to learn more about being retirement ready?Join the Facebook community Retirement Ready Hub to continue the conversation and learn how to accelerate your retirement progress.Wondering where your money actually goes each month? Get real answers on a money clarity call. Book yours today.Connect with meFacebook:  https://www.facebook.com/dalene.higgins/