Question: Why is debt the devil? What can you do to minimize debt in your personal financial plan? What is the US governments short term and

  1. Why is debt the devil? What can you do to minimize debt in your personal financial plan?
  2. What is the US governments short term and long term debt? What implications does this debt have on your financial plan.
  3. $1,000 dollars is never worth more than it is today. This statement is true because of the changing nature of the purchasing power of a dollar. Currently, according to the BLS CPI table, the cumulative inflation for this year is 8.5%. How does inflation (in increase in the price level of goods and services) impact your personal financial goals and the execution of your plan over time?

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