Debt

Debts. How come Oprah Winfrey feels the need to educate the American population about how evil debts are? Why does she tell everyone that they are evil to begin with? Is it such a shame that you still have 3k riding on your VISA card, or that you have a mortgage higher than Oprah’s cholesterol level? I’ve got debt, and I don’t lose any bit of sleep over it. Most countries have debt, and they don’t lose any sleep over it. All multi-national corporations – supposedly run by very intelligent individuals – are in debt, and don’t lose any sleep over it. Why should we?

Admittedly, I wouldn’t mind paying off my debt, but only so I can go out and create more debt. I am liquid, so the bank, and my credit card company, know that the chance that I’ll pay them back is fairly high. I pay them a nice interest rate in order to be in debt, to have access to their money for a little while, so it’s all good. Of course, you’ll have to be careful not to go overboard and create so much debt that you can’t cough up the monthly payments any longer, but if you don’t, then I don’t see the problem.

My father once told me; “When I die, make sure you don’t accept the inheritance because I’m not leaving you anything but debt. You better believe I’m going to spend all my hard-earned money before I die. And son,…if you find out that you’ve still got money in the bank the moment you’re on your death bed, then you are a moron and you’ve worked too hard and spent too little. You haven’t enjoyed your hard-earned money to the fullest.”

I love my father.