Debt has a significant impact on an individual's net worth. High-interest debts like credit card debt can be particularly damaging if not managed properly. Student loans can also impact net worth and the ability to invest in other aspects of life, such as housing or retirement savings. While tied to an appreciating asset, mortgage debt still forms a substantial part of overall liabilities. By understanding the effects of various types of debt on net worth, one can make informed decisions about debt management and work towards a healthier financial future.