People are more affluent than ever before. And yet the number one cause of discouragement today is money. Families are especially hard hit. As a result, personal debt is soaring, resulting in an increasing number of financial crises. Ron Blue provides counseling on this critical need. No matter what your income is, the principles works.
The Myth of Always Borrowing to buy
Two elements of truth support this myth: first of all, in times of inflation, the loan is paid back in chaeper dollars than those borrowed (because of the decline in purchasing power); and second, the tax deduction for interest expense makes the interest cost that much cheaper.
However, the myth has two presuppositions: .... [continue reading]
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