Money School: Debt

Course Overview

Money School's course on debt offers comprehensive education on the topic, covering everything individuals wish they had been taught about debt in school. Participants will learn how debt works, the reasons why they might consider taking on debt, and why lenders encourage borrowing. The course delves into the various types of debt, distinguishing between good, bad, and luxury debt. For those currently in debt, the course provides strategies to get out of debt quickly without resorting to debt consolidation. Moreover, it offers guidance on avoiding bad debt to maintain financial stability. The course is made freely available for three key reasons: to support those who cannot afford it, to aid in achieving financial independence by reducing consumer debt, and to equip young people (not yet 18 years old) with vital knowledge to avoid the pitfalls of consumer debt. By sharing this knowledge with young individuals, Money School aims to empower them to manage debt effectively before obtaining their first loans or credit cards.