Good Debt vs. Bad Debt     When it comes to taking on personal or non-business debt, many people, even so-called consultants, will tell you that there is “good debt” and “bad debt.”  Wrong!    Please don’t buy into the “good debt” / “bad debt” discourse.  ALL personal debt is bad!  Now I am not […]

Bad Business Debt – Part I     Is there such a thing as bad business debt?  After all, does not a business borrow so that it can create a product or a service that generates more or new income?  The answer here is clearly yes.  There is a need for businesses to borrow for […]

Bad Business Debt – Part II     If all corporate debt is good, than why is one of the most successful companies ever to grace planet Earth completely debt free?  If debt is so good and provides so much so-called tax relief, why is the company that produced the richest man in the world […]

Why Do People Go Into Debt?   Why do people go into debt?  Usually it is from ignorance of the eventual financial consequences.  True enough, sometimes, unforeseen disasters occur that are completely out of a person’s control.  This may include the loss of a job or gigantic health and medical bills that come out of […]

  Debt vs. Deficit   What is debt?  What is a deficit?  Do the two words mean the same?  We often hear the two used wrongly and completely out of context.  In simple terms, we can explain the differences in this way.    A deficit is the amount by which a sum of money falls […]