The Truth About Good Debt vs Bad Debt (and the Mistake That Cost Us Time & Money)

Not all debt is created equal — but we didn’t learn that until we made a costly mistake.

In this episode of Financially Speaking, we break down the real difference between good debt and bad debt, how to avoid common pitfalls, and two proven strategies to help you pay off debt faster. Plus, we share the debt payoff mistake that set us back and what we’d do differently now.

💡 You’ll learn:

• What actually makes debt “good” or “bad”
• The difference between the Debt Snowball and Debt Avalanche methods
• How to use good debt to build wealth — and avoid the trap of bad debt
• The #1 mistake we made with debt (and how you can avoid it)

Whether you're tackling credit cards, student loans, or trying to better understand your financial options, this episode will help you take control of your money with confidence.

🎧 Subscribe to Financially Speaking with Greg and Rachel for more honest conversations about money, real estate, and building financial freedom as a couple.