Those people have to take risk either through investing in risky assets or debt... some debt,
the right kinds of debt, the right way, can actually reduce that risk.»
Not exact matches
Michael Palmieri: Professor Hudson, would you agree that as economies have been more financialized and creditors have gained political power they're also able to
kind of disable any realistic academic discussion
of the
debt problem that we're having here
right now with you?
By developing a budget, making a list, setting up the
right kind of card payment or payments and considering balance transfer credit cards, you will also become more aware
of the cause - and - effect relationship between credit and
debt.
Adding various
kinds of restrictions and extra conditions to the loan reduces the lender's uncertainty about when they'll be receiving money, and also gives them a greater range
of legal recourse to get it sooner (since they can pursue the borrower
right away if they violate any
of the conditions, rather than having the wait until they die without having paid their
debt).
Because once you're mired down by this
kind of debt, you'll experience the power
of compounding all
right: NEGATIVE compounding, paying way more interest than you'll ever receive as the owner
of a bond or GIC.
Term life is the the
right kind of life insurance for most people, and it's
kind of policy you'll want to buy to cover a
debt like student loans.
The Court emphasized that the statement's «capacity to discourage debtors from fully availing themselves
of their legal
rights renders its misrepresentation exactly the
kind of «abusive
debt collection practice -LSB--RSB-» that the FDCPA was designed to target.»
Ian Martin:
Right, in most situations, so, typically like those that
debts are what we call unsecured
debts where they don't have any
kind of lien registered against an asset.
I use a
debt consolidation calculator to illustrate how much you can save with the
right kind of personal loan.
Neither is necessarily
right or wrong, you have to do what's
right for you, but i have to say I believe there are 2 different
kinds of debt - consumption
debt which is bad (e.g. student loans and credit cards), which Kiyosaki calls «doo dads» and what I consider «good
debt», by using other peoples money (such as a bank) to purchase INCOME PRODUCING ASSETS (NOT speculative ones).