"Twenty-nine scheme users could only settle by selling or re-mortgaging their family home, " he added.
He moved into television in the 1960s, mortgaging his home to pay for the expansion.
But some ideas require more money than can be scraped together by double mortgaging Aunt Jen's house.
Debt, mostly from mortgaging some of its centers, is at 87% of equity.
Mortgaging rural land or even selling one's own house to non-villagers is banned.
Duffield started his first big success, PeopleSoft, at age 47, mortgaging his house to fund what was his fourth startup.
The mortgages themselves are marvels of financial engineering (see "Mortgaging The Future"), designed to protect borrowers and lenders against high inflation.
For decades, we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present.
Of course, a broke creditor can keep partying if a crazy credit card lender or a mortgaging bank is happy to keep lending.
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If we can't get the deficit under control and begin paying back this debt, we will be mortgaging the future of our children and grandchildren.
Ms. NATALIE WIDICK (Medical Student): Of course, you're mortgaging your brain.
He seems to be making the right moves -- cutting costs, eliminating the dividend early on, revamping product plans, mortgaging assets to raise money to fund the turnaround, etc.
Back then, in 1992, Duffield was only five years removed from founding that company and mortgaging his house to fund the startup that would make him his first billion dollars.
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Choices you make today about buying or mortgaging a home or funding a pension could have a huge impact on your net worth after the college bursar gets through with you.
The state's finances are such a mess that in late 2007 Governor Corzine proposed the political "Hail Mary" of mortgaging New Jersey's toll roads in return for a guaranteed revenue stream.
Essentially the goal in re-mortgaging an existing loan is to reduce the payment by getting a lower interest rate, stretching out the payments over a longer period of time, or both.
By contrast, re-mortgaging a home simply means to take out a new loan equal to what is currently owed, but usually at a different interest rate and a different period of repayment.
But just as ignoring deficits would mortgage our future, failing to invest in our kids, in our infrastructure, in our basic research and clean energy, that would be mortgaging our future as well.
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These will impair the credit of each of them, disable each of them from selling or mortgaging real estate, and even affect the ability of each of them to secure new employment.
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