But when you go out and get a loan... - Deepstash

But when you go out and get a loan to finance it, you’ll delay your journey to wealth for months or even years, because you now have to spend the money you save each month to pay off the debt, instead of being able to invest it.

Instead of solving your problems with loans, ask “how can I afford this?” and figure out ways to make more money or save more money, so you can buy the things you want.

Taking on debt has never solved any problems, it just creates more, so finish the spending spree and start saving!

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tomjoad

Introverted Extravert

The Richest Man in Babylon - Summary

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