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Explain the culture of debt. Explain what a debt drag is. How was the narrator's parents able to accumulate their net-worth? List at least TWO

  1. Explain the "culture of debt".
  2. Explain what a "debt drag" is.
  3. How was the narrator's parents able to accumulate their net-worth? List at least TWO ways.
  4. Why are education loans and mortgages acceptable forms of debt?
  5. Why is acquiring debt while purchasing a depreciating asset not a good idea?
  6. reference The Smart Canadian Wealth-Builder, Third Edition: Stepping Stones to Financial Independence: Dolezal, Peter: 9780986579042: Books - Amazon.ca

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