Holistic Financial Wellness Principles: Principle #2 — Debts of Gratitude

This is the second in a series of essays on the 6 Foundational Principles of Holistic Financial Wellness that I describe in my new book “Money Mountaineering”. In this one I want to talk about “Debt” in a more general sense. As we look at our personal financial balance sheets we have many obligations that might be satisfied by money, but many of those obligations were incurred through the receipt of goods, services that are often not measurable in dollars and that the terms of repayment are far from clear. How to view these debts and how they affect one’s financial well being is a very tricky issue and whole books could be written on the subject.

Actuary and author | www.peterneuwirth.com