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.
Robert Toru Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and occasional financial commentator. Kiyosaki is perhaps best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written over 15 books which have combined sales of over 26 million copies. Although beginning as a self-publisher, he was subsequently published by Warner Books, a division of Hachette Book Group USA. His new books appear under the Rich Dad Press imprint. Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on number one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times. Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts. He has created three "Cashflow" board and software games for adults and children and has a series of "Rich Dad" CDs and disks.
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."
George Denis Patrick Carlin (May 12, 1937 – June 22, 2008) was an American stand-up comedian, social critic, satirist, actor and writer/author, who won five Grammy Awards for his comedy albums.
Carlin was noted for his black humor as well as his thoughts on politics, the English language, psychology, religion, and various taboo subjects. Carlin and his "Seven Dirty Words" comedy routine were central to the 1978 U.S. Supreme Court case F.C.C. v. Pacifica Foundation, in which a narrow 5–4 decision by the justices affirmed the government's power to regulate indecent material on the public airwaves.
The first of his fourteen stand-up comedy specials for HBO was filmed in 1977. In 1988, the 1990s and 2000s, Carlin's routines focused on socio-cultural criticism of modern American society. He often commented on contemporary political issues in the United States and satirized the excesses of American culture. His final HBO special, It's Bad for Ya, was filmed less than four months before his death.
Anthony "Tony" Robbins (born February 29, 1960) is an American self-help author and motivational speaker. He became well known through his infomercials and self-help books, Unlimited Power: The New Science Of Personal Achievement and Awaken The Giant Within. Robbins writes about subjects such as health and energy, overcoming fears, persuasive communication, and enhancing relationships. Robbins began his career learning from many different motivational speakers, and promoted seminars for his personal mentor, Jim Rohn. He is deeply influenced by neuro-linguistic programming and a variety of philosophies.
Robbins's work has been featured in major media including Time, Newsweek, Fortune, Forbes, Life, GQ, Vanity Fair, Business Week, Tycoon and Success magazines, the CBS Evening News, NBC News, ABC's Prime Time Live, Fox News, CNN and A&E as well as newspapers, radio programs, and Internet media worldwide. Robbins has been mentioned or featured in 15 major motion pictures, including a cameo role a romantic comedy film Shallow Hal, starring Gwyneth Paltrow, Jack Black, and Jason Alexander. In 2007, he was named to Forbes magazine's "Celebrity 100" list.
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