Don't Borrow Money for Liabilities - Deepstash
Don't Borrow Money for Liabilities

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

262 reads

CURATED FROM

IDEAS CURATED BY

lil_ww

"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson

The idea is part of this collection:

Managing Time Like a Pro

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

4. They don’t judge themselves for how they feel

4. They don’t judge themselves for how they feel

If You're Constantly Judging Your Emotions, You Won't Have Any Energy Left to Understand Them.

The Solution is to Learn to Observe Your Emotions and Notice Them Without Passing Judgment on Them. The Best...

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.

How to signal you are truly listening to someone

Reflecting means repeating or rephrasing key content or meaning from the other person.

Instead of saying, "I hear you," summarise and paraphrase the content confirming that you heard them and that you accurately understood them. If you didn't quite understand wha...

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.

Email

I agree to receive email updates