New Class Rising With Hector Avellaneda

Imagine you are taking a walk through your neighborhood. It's a unusually breezy, but warm summer evening and you happen to run into a neighbor. You stop to chat for a bit and during the discussion you start talking about finances.  You're neighbor tells you, "Yes John, I jut hit a big milestone in my life. I've paid off my mortgage, student loans and all of my credit card debt.  The only thing I owe now is just a $2,000 car note and I I'll be scot free" By this time next month, I will be debt-free and ready to build up my savings and nest egg even more.  You wouldn’t say "Jeez. I'm sorry to hear that. These must be tough times. What happened? Is there anything I can do for you? Thankfully, things are going great on my end. I owe $350,000 on my mortgage, added another $10,000 in credit card debt and my student loans, well, I'm thinking about going back to school for another $50,000. Things just couldn't be better!" but that's what Keynesian economist want you to believe.  On today's episode I you'll learn: M