Americans - including most young people today - are crippled by debt. It's like the blob; it just keeps growing. What most people don't realize is that our current system of money requires it.Your kids and my own are groomed like wind-up toys, shipped off and encouraged to borrow, borrow, and borrow more. Everyone is doing it, and few question why. This is groupthink at its worst.At BadDaddy Publishing, we've spent two decades studying finance, history, and economics to piece together the real story, to help you write a better narrative for your children. Debt isn't all bad, unless you don't understand it, and then it's like a loaded gun. You better stay away. But there's no way to avoid it completely. Debt is everywhere. When they leave your home, your kids must understand debt, or they'll get eaten alive by the blob before their 22nd birthday. They won't teach it in school, but don't worry, we can help.Join us, as we open their mind through story, planting the seeds they will need to navigate the world of money, debt, self-discipline, human psychology, and the social contract. It takes a child, after all, to tell the world that the emperor has no clothes.

Debt is like cholesterol: some kinds are good and some are bad. So says this lighthearted guide to the pros and cons of different types of debt.

Many people believe that debt is bad. However, there is good debt and bad debt, and we must be able to identify them both. Jay and Nani learn how to do this. This book also teaches Jay and Nani, that if they are going to have debt, they might as well borrow against their own money. This way they keep the money they have by borrowing to purchase an asset, and have the asset pay back what they owe.

There are two basic financial approaches running a business: either on what it earns or on debt. The former is basic: create a product or service with value and sell it intelligently. Then, reinvest profits for growth. The latter involves leveraging the cost of debt on customers to finance growth. In capitalism, excess corporate debt should be tempered by the implied threat to investors that comes from bad decision-making. However, when investors believe they may be bailed out during downturns, capitalism fails and feeds greed. This book is about a real business that for over seven decades succeeded without resorting to excessive debt, resulting in a positive outcome for investors, employees and a local community. It is a story of how a small organ builder in Macungie, Pennsylvania, USA introduced digital sound technology to the world in 1971, decades prior to CDs and MP3 players. It is also a story of a company that has maintained its manufacturing in the same community since 1953. This same company then successfully diversified into the data communication field, growing that subsidiary's sales 20 times and thriving even as the industry melted down shuttering many competitors. These successes were made possible because of prudent financial management. While debt has damaged companies, communities and even countries, the financial services industry profits by marketing leverage. This book shares real-life pitfalls of dealing with that industry and the inability of the judicial system to hold it accountable. Sworn testimony is used to show incompetence and a cover up.

Managing Debt takes a look at the differences between good and bad debt, discusses how to build a good credit score, and explains how to pay down debt. Features include worksheets, key takeaways, a glossary, further readings, websites, source notes, and an index. Aligned to Common Core Standards and correlated to state standards. Essential Library is an imprint of Abdo Publishing, a division of ABDO.

GOODBYE DEBT—HELLO FREEDOM! Most of us grew up with the idea that there is good debt and there is bad debt. Good debts are generally considered to be debts you incur to buy things that can go up in value—like a home or college education. Bad debts are things like credit card balances, where you borrowed money to buy things that depreciate or go down in value, like most consumer goods. But as America’s favorite financial coach, David Bach, points out, in difficult times there is no such thing as good debt. There is only debt. And all debt is too expensive—if what you desire is FREEDOM! In fact, Bach believes the best investment you can make today is to pay down your debt, faster and smarter than you have ever attempted before—starting today! In Debt Free for Life, #1 New York Times bestselling author David Bach has written his most groundbreaking and important book since The Automatic Millionaire, giving us the knowledge, the tools, and the mindset we need to get out of debt and achieve financial freedom— forever! Offering a revolutionary approach to personal finance that teaches you how to pay down your debt and adopt a whole new way of living – debt free. Bach unveils the Debt Wise program that empowers you to pare down your debt automatically. You’ll learn how to calculate your Debt Freedom Day – the actual date you will be completely free of debt. And you’ll discover that when you are debt free, you need a lot less money to live on. You can retire, even with a smaller nest egg -- perhaps earlier than you expected. David Bach has coached millions to pay off their debt and now he can guide you. Whether you have home loans, student loans, car loans, credit card debt—paying down your debt is truly a game you can win, if you know the rules. Debt Free For Life will teach you the rules and give you the tools to buy back your freedom.