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Podcast: Meaning Over Money
Episode: 098 - When it Comes to Debt, Interest Isn't Your Problem
Description: Whenever the topic of debt comes up, especially if we go down the road of talking about "good debt" and "bad debt", the conversation ultimately veers towards the direction of assessing interest rates. Â We usually justify debt as "good" when it has a lower rate, and often classify it as "bad" when it has a higher rate. Â In today's episode, host Travis Shelton explains why he thinks we are overlooking the most important consideration. Â We don't pay interest.....we pay payments. Â There's a big difference. Â Yeah, interest sucks.....but what sucks even more is the big check we need to wr...