Debt is one person's liability, but another person's asset.
Sentiment: NEGATIVE
Debt is a mistake between lender and borrower, and both should suffer.
We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
Debt is part of the human condition. Civilization is based on exchanges - on gifts, trades, loans - and the revenges and insults that come when they are not paid back.
Assets put money in your pocket, whether you work or not, and liabilities take money from your pocket.
Everyone in our society has had to make a contribution towards dealing with the debts.
Both on an individual and a national scale, debt imprisons.
There is scarcely anything that drags a person down like debt.
No one should go into debt if a family member gets sick or injured.
Remember this: debt is a form of bondage. It is a financial termite.