A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, this includes repayment of the original sum, plus interest.
In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.
The word comes from the French dette and ultimately Latin debere (to owe), from de habere (to have). The letter b in the word debt was reintroduced in the 18th century, possibly by Samuel Johnson in his Dictionary of 1755 – several other words that had existed without a b had them reinserted at around that time.
David L. Ramsey III (born September 3, 1960) is an American financial author, radio host, television personality, and motivational speaker. His show and speeches strongly focus on discouraging the use of debt.
Ramsey's syndicated radio program The Dave Ramsey Show is promoted with a tagline that "It's about your life and your money," and it is heard on more than 500 radio stations throughout the United States and Canada, as well as in podcast format and on XM and Sirius satellite radio. He has written numerous books. His books and broadcasts often feature a Christian perspective that reflects Ramsey's religious beliefs. Ramsey was named the 2009 Marconi Award winner for Network/Syndicated Personality of the Year.
Ramsey's company, The Lampo Group, Inc., is headquartered in Brentwood, Tennessee, and oversees three divisions geared toward financial counseling.
Ramsey has been featured on many media outlets including The Oprah Winfrey Show, 60 Minutes, and The Early Show on CBS. He recorded a pilot and six unaired episodes of The Dave Ramsey Project for CBS. He was the host of The Dave Ramsey Show, which aired at 8 p.m. ET and repeated weekdays on the Fox Business Network until June 2010.
Warren Edward Buffett (/ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. He is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011. In 2012, American magazine Time named Buffett one of the most influential people in the world.
Buffett is called the "Wizard of Omaha", "Oracle of Omaha", or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. On April 11, 2012, he was diagnosed with prostate cancer.
Buffett was born in 1930 in Omaha, Nebraska, the second of three children and only son of U.S. Representative Howard Buffett, a fierce critic of the interventionist New Deal domestic and foreign policy, and his wife Leila (née Stahl). Buffett began his education at Rose Hill Elementary School in Omaha. In 1942, his father was elected to the first of four terms in the United States Congress, and after moving with his family to Washington, D.C., Warren finished elementary school, attended Alice Deal Junior High School, and graduated from Woodrow Wilson High School in 1947, where his senior yearbook picture reads: "likes math; a future stock broker."
I don't owe you anything
what now?
not again
you're a person I will never comprehend
I've listened
I've tried
I can't change enough
to make you change your mind
Can you catch me
Can you catch me
Can you catch me
Can you catch me
Do you think you can catch me
Do you think you can catch me
Why do you think you need to catch me
I won't bang my head against your wall
Don't need to knock you down
I won't let you to fall
I won't bang my head against your wall
You convinced yourself
Can you convince us all
No need to knock you down
I won't let you fall if you want credit
Then take credit for it all
You can bet
We're indebted to us all
You can bet it
We're indebted to us all
You can bet
We're indebted to us all
You can bet it
We're in debt
Do you think you can catch me
Do you think you can catch me
Do you think you can catch me
Wish you could take away all the pain
While you're at it take the pleasure then
And as you lie
Cover your treausures thin
Heros find no friend in heroin
And once again
The hero's overtaken by the heroin
Yes once again
The hero's overtaken by the heroin
And its just for with an awful lot of love
And it's just for a girl
Who hasn't know him very long
Met her years ago, knew it would take a while
To linger in her breath, to wake up in her smile
And it's just for a boy just for a girl
Just for a girl just for the boy
Just for the boy just for a girl
Just for a girl just for the boy
Do you think that you can catch me
Do you think that you can catch me
Do you think that you can catch me
Do you think that you can catch me
Do you think that you can catch me
I won't bang my head against your wall
Do you think that you can catch me
If I don't bang my head against your wall
I know that you won't catch me
If I don't bang my head against your wall
I know that you won't catch me