Chicken Genius Singapore | Why Debt free or Paying off debt is stupid @ChickenGeniusSingapore | Uploaded July 2021 | Updated October 2024, 17 hours ago.
Subtitles added
I used to think debt was bad. If I’m not able to pay my debt, banks will come after me and I’ll lose everything. My education system taught me debt was bad. If debt was bad, why govts have the heaviest debt, richest people have so much debt and we peasants are told debt is bad.
3 forms of debt
Good Debt - housing loan, student debt
Bad Debt - Credit Cards, Debt covering debt, debt to play
No debt - Paying up in full
Other pretty good youtube videos on paying off debt:
Why We Stopped Telling Friends We Are Debt Free - Jereme - youtu.be/hVAA-2s9ObI
The Harsh Reality of a Debt Free Journey - Finance Tea - youtu.be/ZyqLDEUJG-Y
THE TRUTH ABOUT BEING DEBT FREE | What We've Learned After 5 Years (Dave Ramsey Inspired) - Mike and Brit - youtu.be/xPwFrSWhTeM
Subtitles added
I used to think debt was bad. If I’m not able to pay my debt, banks will come after me and I’ll lose everything. My education system taught me debt was bad. If debt was bad, why govts have the heaviest debt, richest people have so much debt and we peasants are told debt is bad.
3 forms of debt
Good Debt - housing loan, student debt
Bad Debt - Credit Cards, Debt covering debt, debt to play
No debt - Paying up in full
Other pretty good youtube videos on paying off debt:
Why We Stopped Telling Friends We Are Debt Free - Jereme - youtu.be/hVAA-2s9ObI
The Harsh Reality of a Debt Free Journey - Finance Tea - youtu.be/ZyqLDEUJG-Y
THE TRUTH ABOUT BEING DEBT FREE | What We've Learned After 5 Years (Dave Ramsey Inspired) - Mike and Brit - youtu.be/xPwFrSWhTeM