Today, we listen to a clip from Dave Ramsey's radio show. In it, Dave is asked if there is such a thing as "good debt," especially if the interest on the debt is low.
Mathematically, there is an objective truth: borrowing at a low rate to invest at a higher rate of return works. It is a wise use of leverage. But does that make the debt "good?"
We answer the question, unpack Dave's response, and seek to understand the realities of risk tolerance, wise financial philosophy, and fear.
This episode contains nuance.
If you know someone who might enjoy this episode, or someone who thinks debt is of the devil, share this episode with them!
This is our blog about what the Bible tells us about debt: https://stewardship.pro/2022/03/01/what-the-bible-says-about-debt/
Here is our video: https://youtu.be/bU9r4qZOxrA
You can watch Dave's video here: https://www.youtube.com/watch?v=lhTUPk8JRP8