Avoid Debt - Deepstash

Avoid Debt

Warren Buffet built his wealth by getting interests to work for him.

  • Many people fail because of liquor and borrowed money. You can make a lot of money without borrowing.
  • Avoid credit cards, because the interest rates are very high on them. “Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent, I’d be broke.”

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aubbrrey

Keep your friends close and your enemies closer!

Unbelievable how basic these are, but they made Buffet one of the richest man alive.

The idea is part of this collection:

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How to Keep Debt at Bay

How to Keep Debt at Bay

  • Paying off the little debts can give you confidence to tackle larger ones. It’s recommended to focus on debts with the higher interest rates, but sometimes a moral boost is worth it.
  • Don’t cosign loans. If the borrower misses a payment, your credit score plunges and the...

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