What is the true cost of debt? Does it go beyond the interest we pay on the debt? Does debt rob us of a brighter future?
Besides the obvious interest we pay on debt, what is the true cost of debt on our ourselves and our families?
Study after study has linked so many illnesses, divorces, broken families, and even suicides to stress, frustration, and a lack of self worth – a general feeling of being a failure in life.
How many times is money the root of the stress, frustration, and sense of hopelessness?
With gas prices soaring, virtually every product we need, use, and buy goes up in price because of the associated transportation cost of the goods. Combine soaring fuel prices with a mortgage market that has been (and continues to be) a real strain on millions of homeowners, and you have a recipe for a depressed, stressed out society. What is the true cost of debt?