Monday, July 2, 2018

Lessons You Must Teach Your Children and Grandchildren

About money. From Money Talks News:
In the first quarter of 2018, household debt reached a record $13.21 trillion, according to the Federal Reserve Bank of New York. Household debt is now 18 percent higher than it was in the second quarter of 2013. Imagine how all that debt might impact the life of the average debtor. What will happen if there is a job loss or an illness that health insurance does not cover? How much stress would you feel in that situation? Debt, especially unsecured consumer debt, is a form of slavery. The debtor is beholden to the creditor because each day that the debt remains unpaid, interest charges pile up. Over time, it’s easy to see how the unchecked use of credit can erode wealth and foreclose opportunities. (Read more.)

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