Don't Borrow Money for Liabilities
If you've ever heard of the saying "live below your means" I'd like you to know that I am a big believer of it and should I ever have the need to borrow money, for example a car, I'm living above my means.
However, it doesn't mean that you won't get to enjoy life. It just means that if you want to enjoy your life while also ridding of your debts, we must temporarily allow ourselves to live with what we can afford.
59
265 reads
CURATED FROM
IDEAS CURATED BY
"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to set achievable goals
How to manage time for personal and professional life
How to avoid distractions
Related collections
Similar ideas to Don't Borrow Money for Liabilities
Be smart about money
Successful people often live below their means. They know that it sometimes takes money to make money, and they want to be prepared.
If you want to become successful faster, put away some of every paycheck in your savings account.
Be Ruthless To The Things That Don't Matter - Day 150
- One of the hardest things in life is to say "No." To invitations, entertainment and obligations. Even harder is saying no to certain time-consuming emotions: anger, excitement, obsession, lust. These don't feel like a big deal, but they become commitment like anything else.
- Saying n...
Asking for help
"I'm trying A. I've tried B and C, and it resulted in D and E. What should I try next?"
- Be exact about what you're trying to do.
- Include what you've tried, which makes it clear that you are trying to solve your own problems.
- "What should I try next?"...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates