Feeding the Beast

Debt is the dark underworld of Engines that empower financial freedom. The Stranger Things of the idea that money can work for you rather than you working for money. I think of money as a “Mini-Me”. If it is in cash, it is sleeping and waiting. Getting wrinkly and losing muscle mass (inflation). With almost zero interest rates, there is no incentive for others to pay you a reasonable amount for short term access to your Mini-Me. Bonds are when you loan your Mini-Me out. That is where “Good Debt” sits. If someone can put your Mini-Me to work, and pay you the salary. Equity (a share of a Business) is when your Mini-Me works for you. “Bad Debt” is a Stranger Things Mirror-Engine. When you borrow to spend or survive a big knock. When the interest rates are so high, it can quickly swallow the whole amount you initially got… and take on a life of its own. Demanding to be fed. Step 1 to financial security is getting an income. Unfortunately, for many… even that step may simply be to feed the beast.