In a recent episode of "Save, Invest, Give", Adam Nash, the CEO and co-founder of Daffy, shared his insights on personal debt. With a wealth of experience in personal finance, including teaching at Stanford and leading companies like Wealthfront and Dropbox, Nash brings a unique perspective to the table. Nash believes that debt should not be viewed as inherently good or bad, but rather as a powerful financial tool that can be beneficial if used wisely. He emphasizes that debt can be dangerous if not managed properly, as evidenced by the millions of people who file for bankruptcy each year in the United States. Among the four most common types of debt in the U.S. - mortgages, student loans, auto loans, and credit cards - Nash considers mortgages to be a particularly helpful form of debt. He explains that for most people, not only would it be impossible to buy a house without a mortgage, but even if they had the cash to buy a house outright, they would be financially better off borrowing the money at a low rate and keeping the cash available for other investments. Nash advises using debt sparingly and only when it can subsidize an investment that is expected to increase in value over time, such as a home or an education. He warns against the misuse of credit cards to buy things that one cannot afford, as this is a common way people get into trouble with debt. If you're looking for a platform to manage your charitable giving, consider Daffy, the Donor Advised Fund for You™. With Daffy, you can easily donate to almost every U.S. public charity, track tax-deductible contributions, and access donation receipts all in one place. Plus, Daffy waives all membership fees for members with less than $100 in their fund. Get started today for free and don't forget to download the Daffy app. For more insights from Adam Nash on personal finance, be sure to check out the full episode on Daffy's website.