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Debt


I once had a business partner who loved to blather "you've got to spend money to make money!" Sadly, he only got the first part of the equation down to a science. Debt is one of the greatest problems in our society, and, as that old proverb goes, "a fish rots from the head down." Our federal government has amassed $31 trillion in national debt, so why wouldn't the typical American family follow their lead? The average American household carries a debt load of $137,000. Sure, a good portion of that resides in the note to a pretty solid investment: their home. But, sadly, US families have racked up $4 trillion in consumer debt ($841 billion of which reside within credit card balances) and over $1.5 trillion in student loan debt. This enormous boulder weighs on virtually every aspect of our lives, from interpersonal relationships, to our work life, to how we eat and where we shop. We must end the madness. It is time to label debt as the enemy and declare an all-out war on this monstrosity. 

As we build out this section of the site, we will offer specific actions to help eliminate harmful debt and regain control of our lives. Stay tuned!
Content copyright, 2023, Penn Wealth Publishing, LLC. All rights reserved.

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Any opinions expressed are those of Penn Wealth Publishing, LLC and are current only through the date published. These views are subject to change at any time based on market and other conditions, and no forecast can be guaranteed. Past performance is no guarantee of future results. Always consult your investment professional before investing any money. Any and all commentary and data on this Site is for informational purposes only, and is not a solicitation to buy or sell any investment. Penn Wealth Publishing is a separate entity from Penn Wealth Management, LLC, our registered investment advisory firm.
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  • Home
  • Making the Issue
    • Making the Issue—Members
  • Products & Services
    • Penn Wealth Builder
    • Vol 10 Issue 01 Housing Issue
    • Vol 9 Issue 03 Show Goes On
    • Vol 9 Issue 02 Utilities
    • Market Downturn Toolkit
    • Professional Wealth Management
    • Personal Financial Website
    • Market Outlook
    • The Penn Global Leaders Club 2019
    • The Report
    • Worksheets & Tools
    • Building Your Empire
  • Our Organization
    • Which Route
  • Trading Desk
    • Trading Desk Private
  • The Penn Strategies
    • Sample Portfolios
    • Penn Strategic Income Portfolio
    • Penn Dynamic Growth Strategy
    • Penn Global Leaders Club
    • Penn Intrepid Trading Platform
    • Penn New Frontier Fund
  • Strategic Vision
    • The Blueprint
    • Leadership Academy >
      • Corporate Culture
    • Project Management
    • Western Civilization >
      • American Spirit
  • Command & Control
    • Action Environment >
      • Focus
    • Health & Longevity >
      • Cellular Health
    • Science of the Mind
    • Time Management
  • Harvesting Wealth
    • Business Development >
      • Building Your Business
      • Sales, Marketing, & Advertising >
        • Penn Digital Marketing
        • Advertising
        • Branding Strategy
      • SWOT Analysis
    • Business Finance
    • Financial Planning >
      • Liquid & Qualified Term
      • Balance Sheet >
        • The Investment Vault >
          • Company Plans
          • Individual Retirement Accounts
        • Debt
      • Cash Flow >
        • Income
        • Expenses
    • Retirement Planning >
      • Social Security, Medicare, & Medicaid
  • Tactical Awareness
    • Penn Wealth Realist's Dictionary
    • The Human Connection
    • Risk Management
    • Taxation >
      • Capital Gains & Losses
  • Investment Intelligence
    • Tactical Asset Allocation >
      • Tactical Asset Allocation—Private
    • Charts of the Week
    • Fixed Income Desk
    • Market Downturn Strategies
    • Science & Technology Investor >
      • Information Technology
      • Space Sciences & Exploration
    • Sector Weightings
    • Strategies & Tactics >
      • Behavioral Finance
      • Exchange Traded Funds
      • Fundamental Analysis >
        • Investment Valuation
      • Mergers & Acquisitions
      • Momentum Investing
      • Short Squeeze >
        • Short Squeeze Private
      • Technical Analysis
    • Under the Radar Private
  • The Journey
    • Travel & Leisure >
      • Latin America