What is Debt?

The video tutorial explains the concept of debt using a story about sweets. It covers the difference between secured and unsecured debt, the importance of managing debt responsibly, and tips for avoiding debt. The tutorial also discusses credit card usage, emphasizing the need for budgeting and self-control to maintain financial stability. The video concludes with a light-hearted note on receiving gifts without incurring debt.

What new insight or understanding did you gain from this video?