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Dangers Of Excessive Borrowing


There is a great danger in our society of getting trapped by debt. Perhaps the greatest need in families today is to understand the consequences of being trapped by debt, with limited income, creating a financial position where recovery seems impossible.
Anyone can find a wealth of information which deals with borrowing, easy credit and debt […]

Assessing Your Financial Situation


Some questions for you to think about!

How am I doing in managing my personal finances?
Am I wise when it comes to borrowing and using credit?
What money traps should I be aware of?
What can I do when I face times of financial difficulty?

According to Richard C. Halverson, Former Senate chaplain, pastor and author, “Jesus Christ […]

Paying With Cash – 6


Summary
Use the information I have provided in the previous blogs to think about paying cash. If you don’t have the cash, don’t make the purchase! Use the “cash paying” model of these companies to improve your own personal family financial balance sheet. Perhaps you have made some mistakes in the past. […]

Paying With Cash – 5


Corporate “Debt-Free”
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 debt free? Of course, I am talking about Microsoft, which has no debt and […]

Paying With Cash – 4


Corporate Debt
Coming from the corporate world, I can tell you of faulty thinking firsthand. During the boom and subsequent bust of the 90s, a common practice was to make large purchases via leasing contracts. Virtually everything was leased. Fleets of trucks, manufacturing equipment, buildings, and so on were all leased instead of […]