05/20/2026
Debt is useful. Your relationship with debt is one of the biggest factors that contribute to your financial freedom. You can use debt or debt can use you! There are 3 types of debt. Bad debt, good debt and better debt.
Bad debt factors ➡️ high interest rate, usually Credit card or unsecured line of credit, used to buy liability, no control of payment structure
Good debt factors ➡️ low interest rate, used to buy assets.
Better debt factors ➡️ low interest rate, flexible payment structure, used to buy assets, and tax deductible interest.
We can teach you how to move bad debt to good debt, and good to better!
Want to learn more? Schedule a 15-minute chat with us at ganefinancial.com to find out if we can add value to your life and to see if we are a good fit for your financial dreams.