'Why the rich love debt, while the middle class fears it': Bestselling author Anil Lamba on smarter debt use

For most people, money is a mystery. We go through school, college, and even our working years without ever learning how money actually works. We earn, spend, save a little, and hope for the best. In a compelling conversation on Sharan Hedge’s 1% Club show, noted chartered accountant, financial literacy advocate and bestselling author Dr Anil Lamba dismantled some of the biggest myths around money, debt, inflation and business management — revealing why the richest 1% use debt as a strategic tool while the rest of the population fears it. Advertisement

Lamba, whose books and the newly released are widely regarded as essential reading for entrepreneurs, argues that most Indians suffer financially because they were simply never taught how money works. “Schools don’t teach it, colleges don’