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Debt may intimidate many Americans, but it doesn't always have to be so taboo. Maconomics founder Ross Mac joins Wealth! to break down the true difference between good debt and bad debt.

Mac outlines what it means to have good debt: "It is something that is going to add to your net worth. Say that with me, people: It's going to add to your net, while bad debt will take away from your net worth. So when we think about certain examples of good debt we are talking about your mortgage, we're talking about student loans, we're talking about business loans. "

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Editor's note: This article was written by Nicholas Jacobino