The Truth About Debt and Being Debt-Free | Dr. Grace Stephens | TEDxMint Street

[@pgemvsszcfivepg]

Eye-opening talk with some practical advice-Dr. Stephens knows her stuff!

[@CanYouHandleLife]

Being debt free is hard work and takes time. Sometimes it hurts to stop throwing money away on things you don't really need but it is the best feeling ever to be debt free. I hope that everybody who reads this can find the courage to do the work to be debt free, I managed to do it after years in debt and I don't even have a mortgage now. House is paid, car is paid and I don't have a credit card. The bank won't allow me to go below zero and that is the first step: if you don't have the money for it, don't buy it.

[@BennyLevin-ni2if]

Good debt can include loans for education or purchasing assets with long-term value, while bad debt is often unnecessary consumer debt.

[@RuteCabral-fi1uy]

One of the main causes of debt is spending beyond one's means.

[@austengal]

Very inspiring! A reminder that we don't have to live this way and that debt doesn't have to be normal!

[@punkpclfarejtv]

It is necessary to distinguish between good debt and bad debt: Good debt is debt that helps you increase assets or income in the future. Bad debt is debt that only brings costs and financial burdens to you.

[@hdarcydfleshy]

Debt is a financial tool that can be used to achieve financial goals, but it can also be a burden. There are different types of debt, each with its own advantages and disadvantages. It is important to understand the terms and conditions of the loan before taking it.

[@omjrstqsienna]

Debt can have a negative impact on your life: Debt can cause stress, anxiety, and depression. It can also make it harder for you to achieve your financial goals.

[@anaerobic]

These comments are as useless as this talk 🤦