Debt…

I picked up a recent copy of an Economist magazine on the weekend and had a read through… the title was “Debt – The biggest bill in history” and it got me thinking…

… just how much some of the big hotel and casino groups must have spent on The Strip in Vegas.  There must be some seriously big budgets that have been spent on projects.  I am sure they have seen some return on investment on some of them, but you have to wonder if it is the right decision to spend billions in the current environment.  I bet the big casino companies, that have big debts, are struggling.

I know it is one thing that I look at straight away, if I want to invest in a company, is how much debt are they carrying?  Because they have to pay for that debt no matter who they are and it can become a burden.

It sure was an interesting read, that got me thinking about my own life and how I have lived it… often beyond my means, if I am truely honest with myself…