Soup is NOT a meal. What? What in the world does that have to do with debt? One of my all-time favorite Seinfeld episodes is where comedian Kenny Bania gives Jerry Seinfeld a brand new Armani suit and tells Jerry that they can call it even if Jerry takes Kenny out for a ‘meal’ sometime. Seems like a reasonable deal, right? Jerry gladly accepts the offer and then ends up taking Kenny out to a restaurant and since Kenny was full from a hot dog he recently ate, he decides to just order soup. Kenny and Jerry argue about whether soup is a side dish or a meal which inevitably Jerry loses the argument. Jerry left the dinner with one of the worst three word phrases hovering over his head, YOU OWE ME! Over the years, my philosophy around financial planning has evolved from when I first started in the business almost 25 years ago. Debts come in many shapes and sizes, but no matter how large or how small...
