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Taking a loan has never been easier. There is almost no friction between wanting something and borrowing to pay for it. The problem is that income is limited, while the list of things we want is endless. And often, it isn’t even the purchase we want as much as...

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Nithin Kamath

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107,582 görüntüleme • 2 gün önce •via X (Twitter)

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Yes, we are past the point of no return. When debt service payments squeeze out spending, it is like plaque in the circulatory system squeezing out the flow of blood. It is the same kind of thing, and it can be measured. We are seeing that happen right now. There is also a supply and demand issue. A budget deficit means that debt has to be sold. We can see this happening in the bond market—bonds have been a bad investment, and there is pressure on interest rates and borrowing. This dynamic is happening, but people are treating it like it hasn't happened before. They don't understand that, just like plaque in the arteries, the debt builds up and they have that exposure.
1:27

Yes, we are past the point of no return. When debt service payments squeeze out spending, it is like plaque in the circulatory system squeezing out the flow of blood. It is the same kind of thing, and it can be measured. We are seeing that happen right now. There is also a supply and demand issue. A budget deficit means that debt has to be sold. We can see this happening in the bond market—bonds have been a bad investment, and there is pressure on interest rates and borrowing. This dynamic is happening, but people are treating it like it hasn't happened before. They don't understand that, just like plaque in the arteries, the debt builds up and they have that exposure.

Ray Dalio

506,891 görüntüleme • 9 gün önce

One of the big issues India faces is the rising of household debt India’s household debt stands at 45.5% of GDP according to RBI , the highest in many years the bigger concern is not the rise in borrowing, it's the changing nature of credit demand. Consumption loans have outpaced housing and business loans There is rapid growth in unsecured lending I spoke to Amitabh Chaudhry of Axis Bank on this issue. He says 70% of household debt is in super prime category which is people who can afford to take this debt and pay it back Axis Bank
0:42

One of the big issues India faces is the rising of household debt India’s household debt stands at 45.5% of GDP according to RBI , the highest in many years the bigger concern is not the rise in borrowing, it's the changing nature of credit demand. Consumption loans have outpaced housing and business loans There is rapid growth in unsecured lending I spoke to Amitabh Chaudhry of Axis Bank on this issue. He says 70% of household debt is in super prime category which is people who can afford to take this debt and pay it back Axis Bank

Sonia Shenoy

106,564 görüntüleme • 16 gün önce

Jimi Wanjigi: We should not pay our debt; it is not only logical, but it is the only way we don’t die. We are dying as a complete nation. When we say odious, it is illegal debt that is costing us. This year alone, it is going to be 91 percent of the taxes that we contribute to the government. This year alone, for every Kenyan, it is 40,000 shillings they are paying. For every working Kenyan, it is 120,000 shillings, 10,000 shillings a month, you are paying to something that you did not approve. If this debt was not passed by Parliament, why should we pay it? #CitizenSundayLive
2:15

Jimi Wanjigi: We should not pay our debt; it is not only logical, but it is the only way we don’t die. We are dying as a complete nation. When we say odious, it is illegal debt that is costing us. This year alone, it is going to be 91 percent of the taxes that we contribute to the government. This year alone, for every Kenyan, it is 40,000 shillings they are paying. For every working Kenyan, it is 120,000 shillings, 10,000 shillings a month, you are paying to something that you did not approve. If this debt was not passed by Parliament, why should we pay it? #CitizenSundayLive

Citizen TV Kenya

22,940 görüntüleme • 2 ay önce

India's Savings are Disappearing RBI's numbers tell a story of a silent shift in the Indian household. Net household savings have hit a 50-year low; to find a time when we saved this little, you have to go back to 1977. As Saurabh and Nandita discuss in our latest podcast, the "Middle Class Dream" is increasingly being fueled by a record-breaking borrowing binge—but not for the reasons you might think. Household borrowing (excluding home loans) has hit 34% of income. This is a historical high and significantly surpasses levels seen in the US, China, or other large economies. This surge is unique—it isn’t driven by asset creation like buying homes or such, but by unsecured consumption and lifestyle maintenance. If the cost of living continues to double every 8 years while savings evaporate, the math for retirement becomes the challenge of a lifetime. Watch the full discussion to understand how you should reframe your perspective on wealth and debt: #MarcellusPodcast #SavingsCrisis #IndianEconomy #PersonalFinance #WealthManagement #DebtReality #CoffeeAndInvesting
0:56

India's Savings are Disappearing RBI's numbers tell a story of a silent shift in the Indian household. Net household savings have hit a 50-year low; to find a time when we saved this little, you have to go back to 1977. As Saurabh and Nandita discuss in our latest podcast, the "Middle Class Dream" is increasingly being fueled by a record-breaking borrowing binge—but not for the reasons you might think. Household borrowing (excluding home loans) has hit 34% of income. This is a historical high and significantly surpasses levels seen in the US, China, or other large economies. This surge is unique—it isn’t driven by asset creation like buying homes or such, but by unsecured consumption and lifestyle maintenance. If the cost of living continues to double every 8 years while savings evaporate, the math for retirement becomes the challenge of a lifetime. Watch the full discussion to understand how you should reframe your perspective on wealth and debt: #MarcellusPodcast #SavingsCrisis #IndianEconomy #PersonalFinance #WealthManagement #DebtReality #CoffeeAndInvesting

Marcellus Investment Managers

71,127 görüntüleme • 6 ay önce

Fine: When you're $40 trillion in debt and the things that you're paying for are being borrowed from your children and grandchildren, the question is no longer whether something is a good idea. The question is it worth driving us further into debt to do it.
1:11

Fine: When you're $40 trillion in debt and the things that you're paying for are being borrowed from your children and grandchildren, the question is no longer whether something is a good idea. The question is it worth driving us further into debt to do it.

Acyn

35,900 görüntüleme • 25 gün önce

David Sacks: Debt makes your company more fragile Friedberg: “I hate this business. I think venture debt's the worst vulture-like business in Silicon Valley. “ Sacks: “Right. I've always hated when founders take on venture debt. Part of it is that founders forget that they have to pay it back. They treat it like venture capital and they forget about that, and then they get surprised. But the other thing I've never liked about it is it makes you more fragile. It basically subjects you to a bunch of business covenants, and it makes it harder for you to do an abrupt shift in your business, because now you've got a bank looking over your shoulder and they want to make sure they get paid, and they have to review your financials and all the rest of it. And to your point, J Cal, the companies that have free cash flow right now are the ones that again, have the most maneuverability. I hate taking away maneuverability from founders, and that is what debt does because it subjects you to a fixed schedule of payments. And so this is always a thing to remember, whether you're a business or you are an individual, when you put on that debt, it makes you more vulnerable to big disruptions in the market.”
0:57

David Sacks: Debt makes your company more fragile Friedberg: “I hate this business. I think venture debt's the worst vulture-like business in Silicon Valley. “ Sacks: “Right. I've always hated when founders take on venture debt. Part of it is that founders forget that they have to pay it back. They treat it like venture capital and they forget about that, and then they get surprised. But the other thing I've never liked about it is it makes you more fragile. It basically subjects you to a bunch of business covenants, and it makes it harder for you to do an abrupt shift in your business, because now you've got a bank looking over your shoulder and they want to make sure they get paid, and they have to review your financials and all the rest of it. And to your point, J Cal, the companies that have free cash flow right now are the ones that again, have the most maneuverability. I hate taking away maneuverability from founders, and that is what debt does because it subjects you to a fixed schedule of payments. And so this is always a thing to remember, whether you're a business or you are an individual, when you put on that debt, it makes you more vulnerable to big disruptions in the market.”

The All-In Podcast

79,095 görüntüleme • 3 ay önce

Dave Ramsey says all debt is stupid. Credit cards, student loans, car payments, borrowing against your house. All of it. He says your income is your number one wealth-building tool, and the second you hand it to someone else, you give up your economic future. He is half right. On credit cards, I agree completely. You are paying 28 to 30% on that. But notice what he never mentions. Cost of capital. That is the whole game, and he skips it. High-priced student debt, fine. But my own loans were at 3%, and they were the only way I got into college. I paid them back over time. That was a good investment, not a stupid one. Where he is dead wrong is real estate. Debt on real estate lets you use other people's money to buy an asset that pays for itself. That is what he misses. His whole philosophy depends on you earning more income. But with wages growing 3% while inflation runs 3%, you never get ahead. You run in place like a rat in a wheel, the exact thing he is warning you about. The only way out is to own hard assets that produce cash flow, and you buy those with debt. Here is the difference between us. He thinks all debt is bad. I think debt is a tool. Good debt and bad debt, high cost and low cost, and that difference is everything. He once said he would not take a billion dollars at zero interest. A billion dollars, costing him nothing. Put it in Treasuries and that is 30 to 40 million a year for doing nothing. He said he would pass. That is lunacy. When I borrow on real estate, someone else covers it. Always. The office building you work in and the Starbucks you walk into all carry debt, and the tenants pay it back. I own a single-family house, my tenant pays off the loan. I do not pay it. I do not need more income. I just need to keep a good tenant in that house. And yes, you get vacancies and turnover and the occasional problem tenant, but that is what management is for. He never had to learn that, because he does not use debt. And here is the part almost nobody gets. It is your money anyway. The cash sitting in your retirement account or your bank is yours. You are just borrowing it back at a lower rate and finding a tenant to cover it. That is why I disagree with him on debt. Used right, it is not the enemy. It is the entire engine.
5:44

Dave Ramsey says all debt is stupid. Credit cards, student loans, car payments, borrowing against your house. All of it. He says your income is your number one wealth-building tool, and the second you hand it to someone else, you give up your economic future. He is half right. On credit cards, I agree completely. You are paying 28 to 30% on that. But notice what he never mentions. Cost of capital. That is the whole game, and he skips it. High-priced student debt, fine. But my own loans were at 3%, and they were the only way I got into college. I paid them back over time. That was a good investment, not a stupid one. Where he is dead wrong is real estate. Debt on real estate lets you use other people's money to buy an asset that pays for itself. That is what he misses. His whole philosophy depends on you earning more income. But with wages growing 3% while inflation runs 3%, you never get ahead. You run in place like a rat in a wheel, the exact thing he is warning you about. The only way out is to own hard assets that produce cash flow, and you buy those with debt. Here is the difference between us. He thinks all debt is bad. I think debt is a tool. Good debt and bad debt, high cost and low cost, and that difference is everything. He once said he would not take a billion dollars at zero interest. A billion dollars, costing him nothing. Put it in Treasuries and that is 30 to 40 million a year for doing nothing. He said he would pass. That is lunacy. When I borrow on real estate, someone else covers it. Always. The office building you work in and the Starbucks you walk into all carry debt, and the tenants pay it back. I own a single-family house, my tenant pays off the loan. I do not pay it. I do not need more income. I just need to keep a good tenant in that house. And yes, you get vacancies and turnover and the occasional problem tenant, but that is what management is for. He never had to learn that, because he does not use debt. And here is the part almost nobody gets. It is your money anyway. The cash sitting in your retirement account or your bank is yours. You are just borrowing it back at a lower rate and finding a tenant to cover it. That is why I disagree with him on debt. Used right, it is not the enemy. It is the entire engine.

Ken McElroy

38,406 görüntüleme • 1 ay önce

I want to explain in a nutshell why the US debt situation is at a very dangerous inflection point. Put simply, the US is now spending 40% more than we’re taking in. This accumulation of debt service payments has spiraled over decades and is starting to squeeze away buying power. And if you run the numbers, there’s an imbalance between how much debt has to be sold, who the buyers are, and the likelihood of it all being bought. Together, these two influences are why I worry about suffering an economic heart attack in the near future.
1:48

I want to explain in a nutshell why the US debt situation is at a very dangerous inflection point. Put simply, the US is now spending 40% more than we’re taking in. This accumulation of debt service payments has spiraled over decades and is starting to squeeze away buying power. And if you run the numbers, there’s an imbalance between how much debt has to be sold, who the buyers are, and the likelihood of it all being bought. Together, these two influences are why I worry about suffering an economic heart attack in the near future.

Ray Dalio

433,004 görüntüleme • 10 ay önce

The subject of 'owning a slave' is dense. It is something we hear a lot when we are in the FemDom Realm. Is it just fantasy? Can it actually be a lifestyle? How do we navigate this type of dynamic? How do we even get to that level of D/s? In this short clip [Exerpt from SLAVE TRAINING Part 2] I want to already bring to your attention one thing that will define if your desire for a slave (or desire as a slave) is touching more on a fantasy or... how can you actually navigate this in a realistic way. No one person 'can do it all' or should be expected to. If you want your slave to be 'the best' , assign them a specific role in which they can excel... and then build upon that. Once they 'master' your housekeeping (which takes quite a bit of real training), they can move to other levels. And an important note I want to leave here... make them EARN access to certain things in your life that sometimes you just want to delegate because you don't want to manage or don't know how to manage. Entrusting them with serious tasks that can affect your life, your business, your reputation, are on top of the ladder. Are they even qualified for the thing you want them to take off your shoulders? Start small and allow them to grow in their submission, to develop their skills and to learn how to best satisfy you without setting them up for failure by expecting too much, too quick. In the end, if you want this to truly work, you have to approach it from a place that transcends the roles. As this is consensual power exchange. And you both want to be fulfilled in that relationship.
1:16

The subject of 'owning a slave' is dense. It is something we hear a lot when we are in the FemDom Realm. Is it just fantasy? Can it actually be a lifestyle? How do we navigate this type of dynamic? How do we even get to that level of D/s? In this short clip [Exerpt from SLAVE TRAINING Part 2] I want to already bring to your attention one thing that will define if your desire for a slave (or desire as a slave) is touching more on a fantasy or... how can you actually navigate this in a realistic way. No one person 'can do it all' or should be expected to. If you want your slave to be 'the best' , assign them a specific role in which they can excel... and then build upon that. Once they 'master' your housekeeping (which takes quite a bit of real training), they can move to other levels. And an important note I want to leave here... make them EARN access to certain things in your life that sometimes you just want to delegate because you don't want to manage or don't know how to manage. Entrusting them with serious tasks that can affect your life, your business, your reputation, are on top of the ladder. Are they even qualified for the thing you want them to take off your shoulders? Start small and allow them to grow in their submission, to develop their skills and to learn how to best satisfy you without setting them up for failure by expecting too much, too quick. In the end, if you want this to truly work, you have to approach it from a place that transcends the roles. As this is consensual power exchange. And you both want to be fulfilled in that relationship.

Ms. Malissia

12,836 görüntüleme • 5 ay önce

Senegal Debts and Kenyan lessons. Senegal is currently in turbulence in debt management. Upon assuming office, the current government led by President Diomaye Faye and PM Ousmane Sonko realised that the previous government led by President Macky Sall had borrowed around $13Bn in Secret loans "Off the Book". Meaning the amount was not included in the mainstream Debt book. We must as a country avoid falling in that kind of an abyss. The National debt in Kenya is now over Ksh 12.5 Trillion. This is the loan book. We are borrowing Ksh 3.5Bn to Ksh4Bn every day. I mean Net borrowing. What is borrowed to pay previous loans not included. Unfortunately, on top of this and besides the mainstream borrowing, the Government is also for the 1st time borrowing off the Book without transparency. 1. Securitisation - The government has already borrowed Ksh 175Bn by offering as security fuel levy that is to be collected for the next 7 years. The process is underway for another over 100Bn on the same. 2. Talanta Bond - GoK borrowed through a bond Kah 44.5Bn, offering as security money that is to be collected by Sports Fund for the next 15 years. The interest alone for the Ksh 44.5 Bn loan will be 100Bn after that period. 3. Tourism Fund. The fund is effectively also on the same line and path. 4. Plans are underway to take around Ksh 400Bn loan by offering Housing Levy that is to be collected in the next many years as security. Basically collecting Housing Levy in advance. 5. The National Treasury is also in the process of forming an "Infrastructure Fund" which will is also a vehicle of borrowing more off the book. This is how it is working - Create a fund, then institute levies, then use the history of the Levy collected to borrow secretly off the book. This while is illegal also contrains the future flexibility of the country's fiscals or funds. All these Funds and institutions are fully owned by GoK. You cannot therefore treat loans taken by any of the government institution differently, especially non commercial institutions. If the institutions are unable to pay, GoK will pay. That's why w e must not do these kinds of implementation. It is important that Kenyans know this. Ramifications will definitely come. I hope sanity reigns and we avert a catastrophe by acting differently. We are African and Africa is our Business..
5:54

Senegal Debts and Kenyan lessons. Senegal is currently in turbulence in debt management. Upon assuming office, the current government led by President Diomaye Faye and PM Ousmane Sonko realised that the previous government led by President Macky Sall had borrowed around $13Bn in Secret loans "Off the Book". Meaning the amount was not included in the mainstream Debt book. We must as a country avoid falling in that kind of an abyss. The National debt in Kenya is now over Ksh 12.5 Trillion. This is the loan book. We are borrowing Ksh 3.5Bn to Ksh4Bn every day. I mean Net borrowing. What is borrowed to pay previous loans not included. Unfortunately, on top of this and besides the mainstream borrowing, the Government is also for the 1st time borrowing off the Book without transparency. 1. Securitisation - The government has already borrowed Ksh 175Bn by offering as security fuel levy that is to be collected for the next 7 years. The process is underway for another over 100Bn on the same. 2. Talanta Bond - GoK borrowed through a bond Kah 44.5Bn, offering as security money that is to be collected by Sports Fund for the next 15 years. The interest alone for the Ksh 44.5 Bn loan will be 100Bn after that period. 3. Tourism Fund. The fund is effectively also on the same line and path. 4. Plans are underway to take around Ksh 400Bn loan by offering Housing Levy that is to be collected in the next many years as security. Basically collecting Housing Levy in advance. 5. The National Treasury is also in the process of forming an "Infrastructure Fund" which will is also a vehicle of borrowing more off the book. This is how it is working - Create a fund, then institute levies, then use the history of the Levy collected to borrow secretly off the book. This while is illegal also contrains the future flexibility of the country's fiscals or funds. All these Funds and institutions are fully owned by GoK. You cannot therefore treat loans taken by any of the government institution differently, especially non commercial institutions. If the institutions are unable to pay, GoK will pay. That's why w e must not do these kinds of implementation. It is important that Kenyans know this. Ramifications will definitely come. I hope sanity reigns and we avert a catastrophe by acting differently. We are African and Africa is our Business..

Ndindi Nyoro

132,211 görüntüleme • 9 ay önce

Milton Friedman said it best: “Keep your eye on how much the Government is spending, because that is the true tax. There is no such thing as an unbalanced budget. You PAY FOR IT either in the form of taxes, or indirectly in the form of inflation or debt.” Fact check: TRUE ✅
0:37

Milton Friedman said it best: “Keep your eye on how much the Government is spending, because that is the true tax. There is no such thing as an unbalanced budget. You PAY FOR IT either in the form of taxes, or indirectly in the form of inflation or debt.” Fact check: TRUE ✅

Cillian

41,986,308 görüntüleme • 2 yıl önce

Would you want to be a teacher on your staff as a principal? I have often asked teachers, would you want to be a learner in your own classroom, but the question above for administrators could be even more critical. If we do not support those closest to students every day in an effective manner, it is much harder for things to improve in schools. If we want learning to look different in classrooms, then leadership must also evolve. This doesn’t mean that everything done in the past has been wrong. Some things that mattered 50 years ago will matter now, both in learning and leadership. But replicating everything that was done in the past, whether it was effective or not, isn’t a great strategy for moving schools forward. I was blessed to learn from some amazing principals in my career, but I also learned about things that I hated as a teacher and swore that I would do my best not to replicate those strategies. I wrote this in my upcoming book co-authored with Allyson Apsey (Allyson Apsey) titled, “What Makes a Great Principal”: “If we do things in our schools and classrooms that were done hundreds of years ago that still work today, we should continue to do them. On the other hand, if we do new stuff just because it is new, but it doesn’t work, we shouldn’t be doing it. Whatever works for our community is where our focus should be, no matter when it originated.” What worked in the past? What would you change? What would you have wanted as a teacher, and how can you make that happen? Simply replicating the strategies of the past, whether good or bad, will not necessarily lead education to a better future. Innovation is crucial to leadership as much as it is to teaching and learning.
1:25

Would you want to be a teacher on your staff as a principal? I have often asked teachers, would you want to be a learner in your own classroom, but the question above for administrators could be even more critical. If we do not support those closest to students every day in an effective manner, it is much harder for things to improve in schools. If we want learning to look different in classrooms, then leadership must also evolve. This doesn’t mean that everything done in the past has been wrong. Some things that mattered 50 years ago will matter now, both in learning and leadership. But replicating everything that was done in the past, whether it was effective or not, isn’t a great strategy for moving schools forward. I was blessed to learn from some amazing principals in my career, but I also learned about things that I hated as a teacher and swore that I would do my best not to replicate those strategies. I wrote this in my upcoming book co-authored with Allyson Apsey (Allyson Apsey) titled, “What Makes a Great Principal”: “If we do things in our schools and classrooms that were done hundreds of years ago that still work today, we should continue to do them. On the other hand, if we do new stuff just because it is new, but it doesn’t work, we shouldn’t be doing it. Whatever works for our community is where our focus should be, no matter when it originated.” What worked in the past? What would you change? What would you have wanted as a teacher, and how can you make that happen? Simply replicating the strategies of the past, whether good or bad, will not necessarily lead education to a better future. Innovation is crucial to leadership as much as it is to teaching and learning.

George Couros

22,738 görüntüleme • 2 yıl önce

Money is debt, and debt is money. It confuses a lot of people when I say that, but the mechanics are fairly straightforward. A debt instrument is just a promise to deliver money in the future. What that money is worth determines the value of what you’re holding. That’s why currency valuation is so critical, and why I think people need to pay more attention to it when thinking about the broader economy. Nikhil Kamath
0:28

Money is debt, and debt is money. It confuses a lot of people when I say that, but the mechanics are fairly straightforward. A debt instrument is just a promise to deliver money in the future. What that money is worth determines the value of what you’re holding. That’s why currency valuation is so critical, and why I think people need to pay more attention to it when thinking about the broader economy. Nikhil Kamath

Ray Dalio

247,036 görüntüleme • 3 ay önce

Do not borrow money to fund a lifestyle. Only borrow to fund acquisitions, start a business, in genuine emergencies, or to invest in education, because those are the only forms of debt that build you rather than destroy you. Borrowing to impress people who do not care about you is the quickest route to poverty. Don’t spend what you don’t have, don’t feel pressured to do things you can’t afford! Drive an ordinary car until you can afford to buy the monster SUV you want, and do not rely on credit to push a big car when you do not even have a title deed to your name. Invest first and enjoy the rewards in your later years. If you invest in your younger years, you will not need to panic about pensions, healthcare or old age. Nothing is more painful than seeing an elderly person without a home, without savings and without a source of income. Many people are destroyed by financial stress more than anything else. Eat what you have killed, and never put partying on credit cards that you will struggle to pay off. It is unwise. A man has potential up to 35, and after that it should be a stable life with certainty. It is hard in Zimbabwe, but elsewhere that is the rule. Studies in Europe, Asia and North America show that peak earning potential for men is usually reached between 35 and 45. Build wealth first and enjoy the luxuries later, because nothing is heavier than the debt of a lifestyle you cannot afford. You end up thinking that you were bewitched, yet you are deliberately making terrible financial decisions, choosing small pleasures today at the cost of a stable and dignified older life. Stop blaming spirits for what discipline can fix.
0:23

Do not borrow money to fund a lifestyle. Only borrow to fund acquisitions, start a business, in genuine emergencies, or to invest in education, because those are the only forms of debt that build you rather than destroy you. Borrowing to impress people who do not care about you is the quickest route to poverty. Don’t spend what you don’t have, don’t feel pressured to do things you can’t afford! Drive an ordinary car until you can afford to buy the monster SUV you want, and do not rely on credit to push a big car when you do not even have a title deed to your name. Invest first and enjoy the rewards in your later years. If you invest in your younger years, you will not need to panic about pensions, healthcare or old age. Nothing is more painful than seeing an elderly person without a home, without savings and without a source of income. Many people are destroyed by financial stress more than anything else. Eat what you have killed, and never put partying on credit cards that you will struggle to pay off. It is unwise. A man has potential up to 35, and after that it should be a stable life with certainty. It is hard in Zimbabwe, but elsewhere that is the rule. Studies in Europe, Asia and North America show that peak earning potential for men is usually reached between 35 and 45. Build wealth first and enjoy the luxuries later, because nothing is heavier than the debt of a lifestyle you cannot afford. You end up thinking that you were bewitched, yet you are deliberately making terrible financial decisions, choosing small pleasures today at the cost of a stable and dignified older life. Stop blaming spirits for what discipline can fix.

Hopewell Chin’ono

90,602 görüntüleme • 8 ay önce

"In the last 30 years, administrative staff in educational institutions has grown by 6x while students have been flat." David david friedberg reveals how government-backed student loans created the student debt crisis: "The federal student loan program would give a loan to any student going to any college, for any degree, regardless of the price." "No kid who's 18 years old is going to make a good decision about what school to go to when you can go to any school you want, with any degree, regardless of your personal GPA or income outcome when you come out of that school." "As a result, it created all these mis-incentives where institutions could spend as much as they wanted on administrative staff, build a new building, put in a new rec center, charge more for tuition, charge more for tuition, charge more for tuition—because there was no constraints." "In a private market, you would've tested how much does that education cost, is that a good school, is that a good degree, and are you a good student?" "It would've constrained how much was being loaned for education." "Instead, it was unlimited. Everything broke, and everything got so expensive, and now people can't pay their student loan debt."
1:07

"In the last 30 years, administrative staff in educational institutions has grown by 6x while students have been flat." David david friedberg reveals how government-backed student loans created the student debt crisis: "The federal student loan program would give a loan to any student going to any college, for any degree, regardless of the price." "No kid who's 18 years old is going to make a good decision about what school to go to when you can go to any school you want, with any degree, regardless of your personal GPA or income outcome when you come out of that school." "As a result, it created all these mis-incentives where institutions could spend as much as they wanted on administrative staff, build a new building, put in a new rec center, charge more for tuition, charge more for tuition, charge more for tuition—because there was no constraints." "In a private market, you would've tested how much does that education cost, is that a good school, is that a good degree, and are you a good student?" "It would've constrained how much was being loaned for education." "Instead, it was unlimited. Everything broke, and everything got so expensive, and now people can't pay their student loan debt."

sourcery

43,669 görüntüleme • 17 gün önce

Debt is often seen as a way to fund luxury items like a Range Rover, but a smarter approach is to use debt as a tool for wealth creation. Instead of buying depreciating assets, wise individuals invest borrowed money into ventures that generate income. For example, using debt to invest in a factory creates jobs, revenue, and long-term financial growth. Similarly, borrowing to hire skilled workers boosts productivity and profitability. By focusing on these kinds of investments, debt becomes a pathway to lasting prosperity rather than a burden.
0:45

Debt is often seen as a way to fund luxury items like a Range Rover, but a smarter approach is to use debt as a tool for wealth creation. Instead of buying depreciating assets, wise individuals invest borrowed money into ventures that generate income. For example, using debt to invest in a factory creates jobs, revenue, and long-term financial growth. Similarly, borrowing to hire skilled workers boosts productivity and profitability. By focusing on these kinds of investments, debt becomes a pathway to lasting prosperity rather than a burden.

VT

11,372 görüntüleme • 1 yıl önce

DAVE SMITH: WE HAVE AN UNPRECEDENTED DEBT CRISIS—BUT THEY TELL YOU ELON IS THE PROBLEM!? “The U.S. federal government is the biggest organization in the history of the world. We spend more than any other government in the history of the world has ever spent. We are so far in debt now that the interest on the debt is now, I believe last year it was $1.2 trillion. And it's going up. The interest on the debt is now overtaking the entire budget. If we balanced our budget tomorrow, we still run a trillion-dollar deficit every year just because we owe it on the interest on the debt. This is so obviously a crisis. And then they're trying to convince you that the real crisis is that Elon Musk and a few of his genius nerd buddies want to open the books. How the fuck can you convince anyone of that?” Source: The Joe Rogan Experience, April 3, 2025
0:51

DAVE SMITH: WE HAVE AN UNPRECEDENTED DEBT CRISIS—BUT THEY TELL YOU ELON IS THE PROBLEM!? “The U.S. federal government is the biggest organization in the history of the world. We spend more than any other government in the history of the world has ever spent. We are so far in debt now that the interest on the debt is now, I believe last year it was $1.2 trillion. And it's going up. The interest on the debt is now overtaking the entire budget. If we balanced our budget tomorrow, we still run a trillion-dollar deficit every year just because we owe it on the interest on the debt. This is so obviously a crisis. And then they're trying to convince you that the real crisis is that Elon Musk and a few of his genius nerd buddies want to open the books. How the fuck can you convince anyone of that?” Source: The Joe Rogan Experience, April 3, 2025

Mario Nawfal

121,105 görüntüleme • 1 yıl önce

Parents learn how to get out of the way and stay out of the way when your kid is playing. It actually inhibits success when you are coaching or yelling instructions from the stands. Growth happens with failure… as uncomfortable as that makes us as a parent. Once we recognize this, we can be intentional about remaining silent when it comes to instructing, but verbal when it comes to positive encouragement. And encourage all players. It lets your kid know that everyone on their team is important and that you care about team successes. This is fundamental in creating a team concept in your child.
1:39

Parents learn how to get out of the way and stay out of the way when your kid is playing. It actually inhibits success when you are coaching or yelling instructions from the stands. Growth happens with failure… as uncomfortable as that makes us as a parent. Once we recognize this, we can be intentional about remaining silent when it comes to instructing, but verbal when it comes to positive encouragement. And encourage all players. It lets your kid know that everyone on their team is important and that you care about team successes. This is fundamental in creating a team concept in your child.

Trent Mongero

34,544 görüntüleme • 6 ay önce

The antisemitism that was festering under the surface for decades, has exploded. And for those of us who stand against it, we are not the popular kids. The so called “cool kids” are wearing a keffiyeh, calling for an intifada and demanding a Palestine between the river and the sea even if they can’t tell you which river or which sea. Keffiyeh Karens. That’s the mainstream now. Standing up against jihadism is now the counter-culture. Standing up for western democratic values against terror and extremism: that is now the counter-culture. Using facts and reason and knowing history: that is now the counter-culture. People! WE are the counterculture. And we are doing it. The Jewish people have found our voice because standing up for what we believe in, even when it’s not popular, is part of who we are. Our tiny people haven’t survived for millennia and outlived every empire that tried to destroy us by always being the cool kids. In fact, we almost never are. We know when it’s time to swim against the tide because we know this playbook. We have been here before. And our message to the world is as follows: the hatred that targets is targeting you too. I have a question for you, keffiyeh Karen from campus: where would you prefer to be a woman? in Iran? In Afghanistan? or in Israel? We cannot take the freedoms that we enjoy here in the US in Israel and in the west for granted, and right now even saying just that is swimming against the tide – it is being the counterculture. This is not a war of Israel’s choosing but we cannot avoid it either. They might call us the chosen people: in fact we are the people with no choice. But the entire western world needs to wake up to the fact that it has no choice either: that what is at stake is the survival, not just of the Jewish people, but of Western civilization, democracy and freedom itself. And where we do have a choice is in how we do it: and we choose to speak the truth, even when the truth isn’t popular. To speak up, even when we are shouted down and to be proud even when they tell us we better hide. Thank you so much, am Israel chai
5:38

The antisemitism that was festering under the surface for decades, has exploded. And for those of us who stand against it, we are not the popular kids. The so called “cool kids” are wearing a keffiyeh, calling for an intifada and demanding a Palestine between the river and the sea even if they can’t tell you which river or which sea. Keffiyeh Karens. That’s the mainstream now. Standing up against jihadism is now the counter-culture. Standing up for western democratic values against terror and extremism: that is now the counter-culture. Using facts and reason and knowing history: that is now the counter-culture. People! WE are the counterculture. And we are doing it. The Jewish people have found our voice because standing up for what we believe in, even when it’s not popular, is part of who we are. Our tiny people haven’t survived for millennia and outlived every empire that tried to destroy us by always being the cool kids. In fact, we almost never are. We know when it’s time to swim against the tide because we know this playbook. We have been here before. And our message to the world is as follows: the hatred that targets is targeting you too. I have a question for you, keffiyeh Karen from campus: where would you prefer to be a woman? in Iran? In Afghanistan? or in Israel? We cannot take the freedoms that we enjoy here in the US in Israel and in the west for granted, and right now even saying just that is swimming against the tide – it is being the counterculture. This is not a war of Israel’s choosing but we cannot avoid it either. They might call us the chosen people: in fact we are the people with no choice. But the entire western world needs to wake up to the fact that it has no choice either: that what is at stake is the survival, not just of the Jewish people, but of Western civilization, democracy and freedom itself. And where we do have a choice is in how we do it: and we choose to speak the truth, even when the truth isn’t popular. To speak up, even when we are shouted down and to be proud even when they tell us we better hide. Thank you so much, am Israel chai

Noa Tishby

349,774 görüntüleme • 1 yıl önce

Caller: My husband and I are in way over our heads. We are about $1.3 million in debt with two businesses, a house loan, a car loan, credit cards, and back taxes. ​Dave Ramsey: How old are you guys? How long have you been married? ​Caller: We're both 28, married six years. ​Dave Ramsey: How much do you owe on your home and what's it worth? ​Caller: We owe about $48,000, and it's worth about $250,000. ​Dave Ramsey: What do you owe on your cars and in taxes? ​Caller: Cars is $17,000, taxes is $30,000. ​Dave Ramsey: That means we have a whole bunch of business debt, like $1.2 million worth? On what? ​Caller: My husband was fired four years ago and couldn't find stable work. We started a summer camp in 2022 built with credit card debt. To make that stable, we bought another business's assets for the $1.2m. ​Dave Ramsey: The credit card debt totals how much? ​Caller: About $19,000, and $15,000 of that is from the summer camp. ​Dave Ramsey: You don't own the land on the camp, do you? What kind of income do you make on that? ​Caller: No, sir, we rent the ground. It makes about $200,000 a year. ​Dave Ramsey: And the business that you purchased, what was the assets? Who loaned you $1.2 million for that? ​Caller: It’s event rentals like staging, lights, audiovisual, and inflatables. The SBA loaned it to us. ​Jade Warshaw: Is the camp still operational? Is there a way you can add things for other seasons to earn more? ​Caller: Yes, we still do it every year. We've been trying to, but we've hit a point in the economy where people are trying not to spend as much on fun stuff or childcare. ​Dave Ramsey: Not really true, but being so overwhelmed, I can see how you could start to think that. Lots of people are still renting kid stuff all over the place. The economics at your house suck, and I'm so sorry, honey.
4:48

Caller: My husband and I are in way over our heads. We are about $1.3 million in debt with two businesses, a house loan, a car loan, credit cards, and back taxes. ​Dave Ramsey: How old are you guys? How long have you been married? ​Caller: We're both 28, married six years. ​Dave Ramsey: How much do you owe on your home and what's it worth? ​Caller: We owe about $48,000, and it's worth about $250,000. ​Dave Ramsey: What do you owe on your cars and in taxes? ​Caller: Cars is $17,000, taxes is $30,000. ​Dave Ramsey: That means we have a whole bunch of business debt, like $1.2 million worth? On what? ​Caller: My husband was fired four years ago and couldn't find stable work. We started a summer camp in 2022 built with credit card debt. To make that stable, we bought another business's assets for the $1.2m. ​Dave Ramsey: The credit card debt totals how much? ​Caller: About $19,000, and $15,000 of that is from the summer camp. ​Dave Ramsey: You don't own the land on the camp, do you? What kind of income do you make on that? ​Caller: No, sir, we rent the ground. It makes about $200,000 a year. ​Dave Ramsey: And the business that you purchased, what was the assets? Who loaned you $1.2 million for that? ​Caller: It’s event rentals like staging, lights, audiovisual, and inflatables. The SBA loaned it to us. ​Jade Warshaw: Is the camp still operational? Is there a way you can add things for other seasons to earn more? ​Caller: Yes, we still do it every year. We've been trying to, but we've hit a point in the economy where people are trying not to spend as much on fun stuff or childcare. ​Dave Ramsey: Not really true, but being so overwhelmed, I can see how you could start to think that. Lots of people are still renting kid stuff all over the place. The economics at your house suck, and I'm so sorry, honey.

Traeyz ♠️

144,180 görüntüleme • 1 ay önce