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To: Ahda who wrote (39861)	8/31/1999 10:02:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116984

<<Doug debt is a very good thing in the corporate world but in the general populous i do not feel it is. >> How many people can pay for a home without debt? When one starts their own business(incorporates) is it acceptable,to your way of thinking, to take on debt? When holds stock in a company they are owners of that company, and thereby the debt of that company, is that OK?

To: Ahda who wrote (39861)	9/1/1999 7:08:00 AM
From: d:oug	Read Replies (2) \| Respond to of 116984

Darleen, I'am going to do a Bobby and reply to your post with expressions of an inquire nature, looking for possibilities and even welcoming uncertainties if it can transfor your question into a quest for more information. <<debt is a [good/bad] thing>> Sometimes I tell people that the regular everyday use of the math we all learned in school such as 1+1=2 is easy to use thru memorization of its use thru rules, but the understanding needed to create the rules can be difficult. We all know how to use credit cards, and most of us have observed how easy it is to create debt for ourselfs out of it. But I am confused here because I look at a credit card as a way to represent money I have as cash free of ownership by another, and ready for me to spend. If not done that way then you have been con'ed into spending money that is over your budget or salary or savings. But then if one must over spend and buy or enjoy life's extra's, then why not go to the same bank that will lean you money at 18% and take a big personal loan out at a lower interest rate for an amount big enough to buy stuff using cash or the credit card making full payments at first bill ? But to get a personal loan you need to show the bank collateral, and if you do not have the stuff then no personal loan at 10%, but the bank will issue you a credit card at 18% with a spending limit equal to that loan. I will guess that the bank will do all it can to deny you the personal loan in the hope that it will force you to borrow the same money at that very higher interest rate thru the credit card. Try it and use your car to guarantee that you will pay back the personal loan of $3,000 and then use your credit card and pay each purchase in full with your personal loan. So what is debt, and how does it differ from a loan to purchase a big item like a house or new car or start a business like a pizza store ? A house has been a better investment than renting if one does not have to pay extra for location location location. A new car can be a wise investment if one buys a base model Honda Civil or bigger Toyota Camry, and keep 10 years minimum. A self employed business can stress out ones time and energy, but a reward in enjoyment can be had if not done for the money. So to me debt is good if its an investment and you can handle the monthly payments. So debt should only represent money not wasted, but gets a positive return in either less money was spend in the long run, or one did something special that cannot have a price put on it. (oof topic) Will someone please tell Bill Murphy the facts of business life so that he will stop wondering and asking this same question. The fact being that the news organizations will not get on any bandwagon if it means that they might jeopardize the revenue from commercials that big companies pay them. Fear of the bottom line is greater than shafting the right of freedom of the press. Imagine if all news sources that depended big time on ad money pee'ed off the companies and no more ad money and then no more news companies, then no more news, all gone. The news we get rest upon a structure of ad money. The government we have rests upon a structure of lobby money. doug Why is it that Lewinsky and Paula Jones matters can be covered up, Waco can be covered up, Watergate was covered up, but a cover up of a gold market manipulation is too far fetched to be discussed or looked into by the mainstream press? Who are the real wackos here? It is a shame that we do not have an inquisitive and free mainstream press in the United States. Only when the cat is let out of the bag on some scandalous story do they run like sheep to hop on a sensational bandwagon. Then, they can't wait to point fingers and howl moral disgust.