Small Investor Chronicles™ Featured At DebtConsolidationCare.com

I have a distinct aversion to debt. There is an interesting Russian saying about debt: "Borrow someone else's money - repay your own. Borrow for a time - give back forever." While a bit tongue-in-cheek, it's a good start. The biggest problem with debt is that most people have little disposable income to begin with, and debt repayments can quickly eat it up. By the way, looking at debt as a burden on disposable income shows that our own Government (and most Western ones, for that matter) is bankrupt. Our national debt is several times bigger than our whole national budget. As for disposable income, the Government manages to run deficits even during good economic times. This is a bad example to follow. While governments manage to get away with this, things are not that easy for ordinary people.

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