Part III There must be a good reason why a person wants to get out of debt. Like we said, debt is a tool which in the hands of a good manager will produce good result. Why return the tool if it is doing what it is supposed to do, create additional value. To…
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Part II: When borrowing is wise and when it is not We have established what a loan is, and that it should be paid back with borrower and lender both winning in the transaction. Now, let us take a look at the different types of loans. Understanding these will help us avoid debt that might…
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Part 1: The Nature of Debt Let me first be transparent. As a financial consultant, I help businesses borrow money. More than half of my life, I have been helping business people borrow money and I get paid for that. It would seem then that I am the last person who should be answering the…
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