global debt levels

Debt is the proverbial double-edged sword, offering access to costly assets, but sometimes driving overleveraged borrowers into bankruptcy.

Only politicians and some Keynesian economists could convince themselves - along with a good portion of the masses - that more debt is the solution to the world's already crushing levels.

It's gotten so backwards, it's downright scary.

Yet there are some practical things you can do to avoid getting sucked under by the growing sea of debt...