TEDx: Why we need to start hating debt again

Preet Banerjee is the host of the television series ‘Million Dollar Neighborhood’ on The Oprah Winfrey Network, a personal finance columnist with The Globe and Mail, and author of three personal finance books. He makes some useful comments here on thinking about debt as a loan from our future income.  Here is a direct video link.

Banerjee says he is not talking about mortgages or student loans, but if the house goes down in value after buying it, or the education does not end up increasing earning power, the same caveats apply.  Same harmful math warns against borrowing to invest in over-valued financial markets…a sales technique recommended by many so called financial ‘advisors’:  good for them, typically toxic for the buyer.

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