Debt and your personal recession

I don’t agree with everything in this article, but enough of it is accurate that I felt it adequate to share.

My biggest complaint I think is that she doesn’t come down against debt so much as say that debt is why we are in trouble. She also doesn’t advocate for the abandonment of debt as much as the “proper” (whatever that is) use of debt. All of this is implied, of course.

Come on people. The only guaranteed way of avoiding financial problems is to not have debt of any kind. As long as you live in any kind of financial bondage, you are always at risk of being financially ruined, so just don’t do it.

By the way, for those of you keeping track, we are approaching the end of year three without credit cards…. Yep, still breathing and thriving.

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