Debt Trap

Risk is defined as being exposed to danger. Financially, debt is a source of danger. It can be a trap. Escalating borrowings to pay for spending that is not covered by income may eventually lead to an unmanageable debt repayment burden.delta-wealth-adviser20161209

Does This Sound Familiar?

β€œIn November 1980, Ronald Reagan was elected president over Democratic incumbent Jimmy Carter. Americans decided that the country, driven by economic distress and international embarrassment, needed a big change and that Reagan’s conservative, government-is-the-problem philosophy was worth a try.delta-wealth-adviser20161118