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In this episode, Financial Dignity® Coach Christine Luken challenges conventional wisdom about debt, offering a nuanced perspective on what is often viewed as a financial no-go zone. Far from being just a problem or a solution, debt is a tool with many faces. Christine breaks down how to navigate debt responsibly, and what sets “good debt” apart from “bad debt.”
Throughout the episode, Christine covers:
- How chef’s knife and dumbbell analogies illuminate debt’s dual nature: useful or harmful
- The essential differences between “good debt” that propels you forward and “bad debt” that entraps you
- How to assess your comfort level with debt before taking the plunge
- Why the concept of “prolonged pleasure” is a healthier alternative to instant gratification
- And more!