5 comments on “What is Debt? Kal Penn Explains | Mashable”

  1. TazKidNoah says:

    And whatever Riba you give so that it may increase in the wealth of the people, it does not increase with God (Quran 30:39)

    And because of their charging Riba while they were prohibited from it (Quran 4:161)

    Those who believe do not eat up Riba doubled and redoubled (Quran 3:129-130)

    Those who benefit from interest shall be raised like those who have been driven to madness by the touch of the Devil; this is because they say: "Trade is like interest" while God has permitted trade and forbidden interest…God deprives interest of all blessings but blesses charity…. O believers, fear God, and give up the interest that remains outstanding if you are believers. If you do not do so, then be sure of being at war with God and His messenger. But, if you repent, you can have your principal…. (Quran 2:275-280

  2. warcraftnut1354 says:

    Look up Dave Ramsey for lessons on debt.

  3. Nik Zanzev says:

    Best book on debt: David Graeber's Debt: The First 5000 Years.
    It is mind blowingly amazing.
    Check Steve Keen on why public debt is not the issue and private debt is.

  4. Armstrong Teah says:

    Debt is good… genius

  5. Francisco Garcia says:

    Sorry Kal Penn, there is NO such thing as good debt. Read the Total Money Makeover by Dave Ramsey.

  6. H Narula says:

    Vague video, got 2 things right though, but half of it, let me correct, Debt for a carefully thought out Home purchase is okay, as long as you start paying it off fast and don't have to sacrifice retirement savings for paying mortgage. Secondly, a student loan debt of a reasonable amount that gets you a job where you can save for retirement, think about mortgage and pay student loan reasonably fast is okay. I wouldn't do any other kind of debt. Ramsay is right, almost all the time.

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