Million Bazillion How much debt is too much debt?
Jul 22, 2025
A lively tale about when borrowing crosses the line. They explain what debt means and use a digging-a-hole metaphor to show manageable versus overwhelming debt. A ghost pirate’s boat-buying dilemma leads to lessons on interest, repayment, predatory lenders, and red flags to watch. The clear takeaway: only borrow if you have a plan to pay it back.
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Debt Can Sneak Up On You
- Debt is simply money you owe and many people use it for big purchases like homes, cars, or college.
- You may not realize you're "in too deep" with debt until you can't get out.
Ask If You Can Repay And Why
- Before borrowing, ask if you can pay the debt back and if it aligns with your values and goals.
- Take debt for life-changing opportunities like education, business, or buying a house, not frivolous wants.
Parrot College Paid Off
- Blackbeard's parrot Pepe borrowed to attend parrot college and repaid 10,000 doubloons plus interest over ten years.
- That story shows borrowing for education can pay off if you can make the payments.