Episode
Not all debt is bad (EP#80)
- Podcast
- Money Secrets
- Published
- Aug 18, 2026
- Duration seconds
- 1449
- Processing state
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Summary
Not all debt is bad. Being scared of debt is holding small business owners back from making great financial investments that grow their business. Understanding good and bad debt can save or make you lots of money. Some debt can help you grow. Some involves risk. And some debt is a sign that your business is spending more money than it makes. In this episode of Money Secrets , Fi Johnston breaks down the three different types of debt that can exist in a business. From safe, asset-backed debt through to the messy kind that can quietly build up on credit cards, lines of credit and with the ATO. Fi explains how to assess the debt you already have, what to consider before taking on more, and a practical Profit First strategy for paying down problematic debt while building a permanently profitable business. 🎧 Tune in to discover the three types of business debt, how to differentiate safe and risky debt, and strategies to pay down debt and build a more profitable business. What you'll learn in this episode: The three different types of debt that can exist in your business What makes debt “safe” and how to assess the return on an asset before borrowing Using debt to fund business coaching, websites, and stock is a riskier middle ground An unpaid credit card, line of credit or ATO debt = spending beyond your means. If you have ATO debt, it's best to be proactive Understanding how you got into debt is an important part of getting out of it Making more frequent repayments reduces the interest you pay over time Profit First is a great framework to help you aggressively pay down debt What to do if your income isn’t enough to cover your expenses and debt payments The ultimate goal isn’t becoming debt-free, it’s bei…