The Bad Debt Framework

Using a Debt Framework can develop conversation around consumer debt so one can begin living more intentionally and become more efficient with money now and in the future.

In today's Better Wealth Episode of From the Frontlines, Jereme and I give an overview of the conversations we have with people around the idea of debt. When people come to us the most troubling debts we see are student loans and credit cards. Good debt is a tool to put money back into your pocket. Bad debt is the opposite, taking money away from you now and in the future. Listen as we challenge listeners with the question “Are you controlling or consuming?” When debt is high you give up control by having to consume cash flow, so what would happen if the situation changed and now there is the ability to control cash flow? Toxic debt is the inability to move forward, even if you have clarity because control of your cash flow is gone. Listen as we talk about the framework of analyzing debt and why focusing on the idea of cash flow can help develop a better stewardship mentality when it comes to your money. 

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