6. Limit your borrowing and what you owe others. - Deepstash
6. Limit your borrowing and what you owe others.

6. Limit your borrowing and what you owe others.

Warren Buffet has never borrowed excessively, even when he was starting out in business. He says, “Nothing sedates rationality like large doses of effortless money.” He has always negotiated with creditors to pay what he can, and when he is debt-free, saved his money to invest. Living on handouts, loans and credit cards will not make you rich.

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haviland

Stasher, Learner, Civil Engineer, Oil & Gas Professional, Green Tech Researcher.

The idea is part of this collection:

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