The thirteenth episode looks at the concepts of good debt, bad debt, and no debt. Total length: 7:25.
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Here are some additional notes that go alongside the comments in the podcast. Approximate times for the corresponding links and notes are listed.
0:00 – The theme song is a snippet of a Camper van Beethoven concert on October 25, 1986, shared via their very open taping policy. Listen to the concert in its entirety.
0:45 – There’s actually a solid book by Jon Hansen on this topic.
1:11 – Is an auto loan good or bad debt?
2:22 – Here are some details about John’s land purchase.
3:01 – A few further thoughts on good debt and bad debt.
4:21 – The “no debt” philosophy is pretty well espoused by Michael Mihalik.
5:42 – Is a student loan a bad debt? I think it can be.
7:20 – A preview of next week’s topic.
One thing I’d like to do in a future episode is have an audio reader’s mailbag. If you have a microphone on your computer and can record an MP3 of a simple, short question you might have on personal finance, careers, pop culture, or anything else you’d like me to answer, record it as an MP3 and send it to me. Keep the total recording under 15 seconds, please. Also, if you use Skype, feel free to ask your question that way – my username is trenttsd.
Comments and suggestions welcome.