WEBVTT 1 00:00:12.000 --> 00:00:15.999 Borrowing money is a battle between present you and future you. 2 00:00:16.000 --> 00:00:18.999 Present you makes all kinds of borrowing decisions today, 3 00:00:19.000 --> 00:00:21.999 not always thinking about how it will burden future you. 4 00:00:22.000 --> 00:00:23.999 From credit cards to car loans, 5 00:00:24.000 --> 00:00:27.999 there are plenty of ways to borrow money that can make it feel like it costs nothing. 6 00:00:28.000 --> 00:00:30.999 But if you don't manage that debt properly, 7 00:00:31.000 --> 00:00:34.999 your future self is on the hook for owing what you borrowed, plus any interest and fees. 8 00:00:35.000 --> 00:00:38.999 We're not saying never ever borrow money. We're saying you should borrow smartly. 9 00:00:39.000 --> 00:00:43.999 That way, both your present self and future self can get along just fine. 10 00:00:44.000 --> 00:00:46.999 In this course, we'll cover the Knowl's ABCs of Debt 11 00:00:47.000 --> 00:00:50.999 and everything you need to know to manage it smartly: 12 00:00:51.000 --> 00:00:52.999 How debt works and the cost of debt; 13 00:00:53.000 --> 00:00:55.999 how to manage and start to repay debt; 14 00:00:56.000 --> 00:00:59.999 and how to eliminate debt and avoid unnecessary debt in the future. 15 00:01:00.000 --> 00:01:02.999 By understanding debt better, you can manage what you owe, 16 00:01:03.000 --> 00:01:07.999 eliminate the debt you have and what you don't need in the future. 17 00:01:08.000 --> 00:01:12.000 And the result: Present you and future you will be at peace.