Category: Debt

What is debt?

One of the very first posts I wrote for Enrichmentality was titled ‘What is money?‘. But as I recently noted, reading The Language of Money and Debt made me consider the meaning of debt in more depth than I had previously. Of course, if you are in debt, the lack of money can seem overwhelming. So today I’m asking ‘What is debt?’

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Which debt should I pay off first?

The financial sphere seems all abuzz with The Barefoot Investor‘s book. Multiple friends have asked me about it. It’s the number one non-fiction book at both my local library and bookstore. But as happy as I am to see a finance book so popular, is it really ‘the only money guide you’ll ever need’? Will following Scott Pape’s ‘domino’ advice (or Dave Ramsey’s ‘snowball’ advice for that matter) really help you get out of debt for example? The best way to pay off your debt is likely to be something else entirely…

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