Understanding Different Types of Debt:
""Debt comes in various forms, and it's essential to understand the differences between them. There's good debt, like a mortgage or student loans, which can help you build wealth or invest in your education. These types of debt typically have lower interest rates and can lead to future financial gains.

On the other hand, there's bad debt, like high-interest credit card debt or payday loans. These types of debt can quickly become burdensome due to their high-interest rates, making it challenging to pay them off.

The key is to manage your debt wisely, focusing on reducing or eliminating high-interest, bad debt while using good debt to your advantage. By understanding the types of debt you have and their implications, you can make informed decisions about your financial priorities.""