I was reading a blog post from a guy calling himself the “Debtbeater.” He’s $250K in debt, and he’s working to pay that debt off. He then posted an article about a lady who is $100K in credit card debt, yet continues to dig herself deeper into debt.

I, thankfully, am not like that lady. It terrifies me to think of how easy it is to fall into this kind of trap though…

One of the questions I’d like to ask this lady and also the debtbeater is “How much of it was cultural for you? How were you raised fiscally? Was this something your parents fell into or was it something you trapped yourself in on your own?” Those kind of questions intrigue me.

I was personally raised in a semi debted home. We never owed in the hundred thousands (Excluding mortgages) but  my parents consistently carried credit card balances. I picked up on some of the pressures that debt would bring my parents, and I think that helped shape me into the incredibly anti-debt person that I am now…

It makes me wonder how much of this debtor nation is inherited…

Please, keep in mind this is in no way a condemnation for the people who are in debt yet attempting to pay off. Those kind of people need all the support they can get. It’s a long hard road and they need all the support and help they can get. Good luck to them!

—Zach

Wanna know how to  make money as opposed to pay money using credit cards? Simple. Read the rest of this entry »

—Zach

There are a few different types of debt. There is investment debt, depreciating debt, delayed debt, and necessary debt. Each have different roles, purposes, and pros and cons.

I’ll start with depreciating debt. Read the rest of this entry »

—Zach