Tag Archives: why debt can be bad

I have met many who say “I am proud of the fact that my house & car have been fully paid off, I have even paid off all of my student loans. Now I am financially stable!” These people are usually in their mid 40s and have decent jobs. Now, there is some truth in these statements but the problem is that the person saying this hasn’t looked at the bigger picture. Since the central bank of most countries keep on printing more money, and since that newly printed money is an IOU (i.e. a loan), the issuance of this … Read More >