Debt is something almost every single one of us incurs on some level during our lifetimes. So when we have it, which debt do we need to pay off first? Here's the reality: there are smart ways to eliminate your debt, and there are stupid ways to eliminate debt that society wants you to believe are smart. Kris Krohn introduces the concept of good debt and bad debt and lets you know what kind of debt you absolutely need to get rid of first.