Video: Personal Debt - The Borrower Becomes The Lender's Slave

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They say that as long as Americans keep spending, the economy will be strong and unemployment will remain low. "Spend now and pay later" is poor personal policy.

Photo by Tax Credits used under Flickr Creative Commons license.

Marotta Wealth Mangagement, Inc. of Charlottesville provides fee-only financial planning and asset management. Visit for more information. Questions to be answered in the column should be sent to or Marotta Wealth Management, Inc., 1000 Ednam Center, Charlottesville, VA 22903-4615.