Wednesday, May 11, 2011

Debt: Friend or Foe ...

In the world of talking head, personal finance, there exists two, opposite extreme viewpoints on the subject of debt:

Either ...

1. Debt is a good thing and should be used in large quantities for leverage, especially in the realm of real estate.

Or ...

2. The presence of any amount of personal debt is equivalent to standing next to the gates of hell.

So, which one is right? Let us turn to the Oracle of Omaha for the answer. First though, let us evaluate the two debt paradigms in the eyes of the paradigmers ...


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For more information, check out my first book, My Happy Assets athttp://www.myhappyassets.com/ and the complete second book, Small Business Coffee Hour, Three Essential Ingredients for a Successful Businessathttp://www.smallbizcoffee.com/. Both are also available at lulu.com. Happy Reading!

Also be on the lookout for my fourth book due out in February 2012 by Wiley. To stay tuned in go tohttp://www.facebook.com/myhappyasset and "like" away.




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