17
DEBT
It’s the biggest industry in the world, so no wonder you’re part of it. And it’s no wonder it’s so big. There’s nothing to manufacture save the odd bit of plastic, no distribution costs and it lasts and lasts.
Here’s my take on it . . .
Debt is great when you’re using it in the right way. Controlled debt to expand a business, buy a house, go on a dream holiday, improve your home, etc., is liberating.
Fred Tilney, whom I acknowledge as the person who invented ‘12 months’ interest-free credit’, allowed people of the small town of Leadgate, in the north-east of England, to own a hi-fi or a new television when they could previously only have dreamed of it.
Sir Peter Vardy made it possible for people from small mining villages to buy ...
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