Baron Lytton on Debt
 
 
“Debt is to man what the serpent is to the bird; its eye fascinates, its breath poisons, its coil crushes sinew and bone, its jaw is the pitiless grave.”
”Man hazards the condition and loses the virtues of freeman, in proportion as he accustoms his thoughts to view without anguish or […]

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 […]

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 debt […]

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 certain […]

 
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 short of […]