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 necessarily talking […]

Are You a Borrower or a Lender? Part III
 
 
 
Here are the details for your review:
 
 
Vehicle Loan
 

Cost of Vehicle: 

$30,000

 
 
 
Invest Instead
 

Interest Rate:

12%

 
 
 
 
Your thoughts on this subject?  Your comments appreciated!

Are You a Borrower or a Lender? Part II
 
 
As mentioned in my previous blog, you have two choices.  Here, again, are the two choices:
 
1)    making vehicle loan payments
2)    taking that very same payment and investing it in the equity market yielding average equity returns over the past 40 years. 
 
The real difference is […]

Are You a Borrower or a Lender? – Part I
 
 
Let’s contrast a real-life scenario of the borrower versus the lender that happens tens of thousands of times every day.  A person walks into an auto show room and falls in love with that new car or truck that has everything he ever desired.  […]

It is Scriptural to Become Debt Free
 
It is scriptural to become debt free.  Romans 13:7-8 tells us, “Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor.  Let no debt remain outstanding, except the continuing debt to love one […]