finances on Debt

One of the most challenging and complex economic realities faced by many of our neighbors who live paycheck to paycheck is finding financial resources to cover immediate and unexpected expenses. To ad...

There was a man in New York City. Walked into a bank and asked for a loan. A loan officer came out and introduced himself. He said, how much you want? He goes, I want $5,000. I’m going to Europe on bu...

Suppose I sell you a piece of commercial property on which I am already behind in my mortgage payments. You not only pay me a fair price for the property but also pay my overdue payments. Now the prop...

Mortgage is a French word. It’s a combination of two Old French words, mort meaning “death” and gage meaning “pledge.” Yep, signing a mortgage means you are signing a death pledge. It was named this a...

The blunt fact is that America's grand promotion of debt-leveraged consumerism has stood Max Weber's famous thesis about the rise of capitalism on its head. It has scorned the early-American s...

Consider the following summary of an interview conducted by Abhijit Banerjee and Esther Duflo, two of the world’s leading researchers on poverty: In a village in Indonesia we met Ibu Emptat, the wif...

While most of us probably avoid borrowing money, there are cases in which people actually enjoy borrowing from other people. For instance, the Austrian poet Peter Altenberg loved to borrow money from ...

I recently attended an event sponsored by Compassion International, the International Child Sponsorship Organization. The event was called “Stepping into My Shoes”. The purpose being to show children ...

Caesar Augustus, the first Roman emperor, had quite the sharp wit. After hearing about a Roman nobleman who had passed away with enormous debts (which were kept private throughout his lifetime), he se...

Sam and Pam, two friends, both arrived in the United States as immigrants from the country of Quadora. Each one wanted to buy a house, and it so happened they each found one for sale by a certain weal...

During a large part of my childhood my father was in school, so we never really went on a traditional “vacation” until late in my elementary school years. I distinctly remember one of our first trips,...

Mercy goes beyond justice, it does not undercut it. If I forgive you the hundred dollar debt you owe me, that means I must use one hundred dollars of my own money to pay my creditors. I cannot really ...

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.