Gary’s definition of DEBT: “The commitment of future earnings to purchase consumable and non-consumable products that do not have collateral value”.  A car/truck has collateral value is it a debt or not?  The definition would classify the car/truck as a debt if the value of the vehicle is less than the amount owed. The amount of debt would be the difference.

The road to financial security is following the following principle, “Those who like everything they have are happier than those who try to have everything they like”. The council this phrase provides has saved me many times when I wanted more than I could afford. Try practicing this whenever you think you really need this or that!  Tomorrow I will share my definition of DEBT.   Gary

After two years a bright shinny new carbonlite Sea Kayak is resting in my garage. This purchase is a joy as Luke 14:28 was the blueprint. The area of major purchases for many families can be a make or break financial decisions. Many make purchasing decisions on present desires rather than long-term financial security.