As we develope our businesses we need to also focus on any levels of debt we might have or intend to aquire. Most of the conventional wisdom concerning business expansion talks about good debt and bad debt and how to leverage yourself.
Having been in and out of debt on 3 different occasions I believe in NO DEBT!
The financial mess in this country is due in large part to the promotion of debt as part of our rights as citizens. Corporate greed sets in and we find more extremes in the lending institutions and we have what we have today.
Saving and thrift are forgotten concepts. Do you want to build a business and lose it all due to bad debt management?
Save, put off all unnecessary expenditures, buy with cash! It can be done! Believe me!
You sleep much better at night when you are debt free. You can focus on your business and as the money comes in you plan wisely and build up cash reserves.
Try it !
Jacques
CreatingWealthThatLasts
1 comment:
Jacques,
I could not agree more with your article. There has been to much corporate greed in the financial sector! But, individuals have to take responsibility for their actions in this debacle.
Unfortunately, the country will learn some hard lessions. We are a very vibrant country, my hope is that we come out of this stronger and better.
Best Regards
Pete Baca
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