Finance for Everyone: Debt

Welcome! This first week will introduce you to a critical question for our time: how much debt is too much debt? We start by demonstrating why using debt has always been and continues to be a great temptation, particularly when borrowing costs are historically low. Then we'll delve into Personal Debt and how building your financial literacy as well as tapping into your own motivations can help you manage your debt level, instead of it managing you.

This week we will look at Corporate Debt and how this type of debt has significant advantages over equity under certain conditions. Taking a critical yet realistic lense, we'll explore how debt favours and benefit firms who use it as financial leverage aimed at increasing a firm's value, while impressing an understanding of why this is an advantage only during times of growth.

This week we'll move beyond the personal and corporate to the bigger picture of Government Debt. We'll collectively understand why a measure of debt is often a requirement to grow national wealth. But, we'll also discuss how this 'measure' of debt has become a 'monolith' of debt in many instances around the globe.

Week 4 is the time to synthesize all that we have learned about debt - from our personal experiences, the state of corporations as well as the current level of government debt, and scrutinize and address it in a way that will increase your debt literacy.