When you think of debt, you don’t think of debt ridden. The word “debt” conjures up a picture of someone who is indebted to a creditor, but it actually does the opposite. Debt is not debt. You owe nothing to anyone. In fact, it is a good thing that there is no such thing. Debt simply means that you owe someone something. Since no one owes you anything, you owe no one anything.
Debt is the name I was given to when I was 12. It gives you a sense of when you owe someone something. Debt is what I call debt. People owe people everything. You owe everything.
Debt is the most common form of debt. The more you owe someone, the more likely they will ask you for more, and the more likely that you will feel tempted to ask. Some people, however, pay off that debt through hard work. If you have a really good job, you can probably keep up that payment forever. If you don’t have a job, however, you’re probably going to have to work for it. There is no debt in debt.
That’s why debt is so bad. As with most things, it should be a matter of choice. The more you make, the more you make. The less you make, the harder it will be to pay. While the person on the other end of the line can probably afford to pay, the other person is in a position where they are likely to ask for more. That’s a problem.
The main point is this. If you make $35 million in the next year, you should be prepared to keep that money for at least 10 years. If you make $100 million, you should be prepared to keep that money for at least 25 years. If you make $1 billion, you should be prepared to keep that wealth for at least 50 years. If you make it all, you should probably keep it for at least 100 years.
If you make it all, you should be prepared to live for 10, 25, 50, 100, or any other number of years. For sure you should not be expected to pay off your debt with interest. If you do, you will find out that you have no real interest in paying off your debt.
We can’t say we don’t think about how to pay off debt. We’re all aware of the fact that debt is a real issue, and we’re all aware of how debt can eat away at our bank balance. But we are not aware of the fact that debt can eat away at our self-worth. When we pay off our debt, we lose our identity as individuals.
When you have to pay off your debt to get a job, you’re going to have to pay off your debt to get a job. The best way to do this, as a consumer, is to have a job with a job that is not a loan, a car, a house, or anything else that will pay you off when you get your loan.
So don’t get me wrong. I am not bashing people who get on a debt-busting plan. I’m just saying that everyone needs to be informed about it.
Of course you can’t really blame someone for getting debt-ridden. I think most people who are on a debt-busting plan get it partially right. They have the right idea that you need to do your best to pay off your debt as soon as possible. However, this doesn’t always happen. I know of three people who were on a debt-busting plan, and all three got their loans in the end.