What Exactly Is Debt? Simple Explanation You’ll Never Forget!
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TikTokeverythingprofessor_yt
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A couple million in bank debt isn't leverage. It's a leash with someone else holding it. Small debt makes you owned. Big debt makes you a partner they have to work with. Think $25 million or nothing. Anything in between just leaves you exposed. Profitability erases problems. Debt just stacks a second one on top.
29K views3 weeks ago
TikTokvicktipnes
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Well, that was an expensive little surprise 🫠 We’ve just received an almost $12,000 Child Care Subsidy debt after underestimating our household income last financial year. And before anyone comes for me, I completely understand why we owe it. We received more assistance than we were entitled to, and that’s money we have to pay back. I also recognise that we’re fortunate to be in the financial position we’re in, and that there are families facing much harder circumstances than ours. But I think
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