How Interest Affects Your Money: Why Small Decisions Matter More Than You Think

Most Canadians are taught one simple lesson:

"Debt is bad."

But real life isn't that simple.

Not all debt is created equal.

Borrowing to finance a vacation is very different from borrowing to invest in your education.

A credit card balance charging 20% interest behaves very differently from money compounding inside a TFSA.

Understanding that difference can change your financial future.

In Sabiha Mukadam's YouTube video, blog post and podcast episode for the Youth Corner she discuss:

• Good debt vs. bad debt

• The power of compound growth

• Why big decisions matter more than your daily coffee

• The question everyone should ask before borrowing money

• Credit cards and Buy Now Pay Later

• The difference between borrowing that builds wealth and borrowing that creates stress

• How TFSAs can help Canadians build tax-free wealth

• Practical steps you can take today