Category Archives: Debt

Good Debt vs Bad Debt

How to distinguish between good debt and bad debt It depends on the definitions of good and bad, but in personal finance I believe good debt is generally any debt that we use in order to make a profit. The profit doesn’t have to come in the form of money or financial benefits. Borrowing money to attend school, for example,… Read More »

The Illusion of Debt

Debt is Freedom I once read in a book, “the borrower is slave to the lender” Proverb 22:7. But I don’t see it that way. I think debt is simply a loan between a borrower and a lender which usually involves a contract to pay back the loan over time. Nobody is a slave to anyone in this… Read More »

Government Debt

The government of B.C. just tabled another balanced budget. Finance Minister Mike de Jong’s latest budget projects a surplus of $284 million for 2015-2016. 🙂 This means B.C.’s $63 billion public debt is slowly being paid down. B.C. may be the only province in Canada to avoid falling into deficit amid plunging oil prices. But there’s something else that the… Read More »