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Borrow Wisely

Warren Buffett advises against excessive borrowing, such as credit card debt or unnecessary loans.

Some experts divide borrowing money into "good debt" and "bad debt."

Good debt is investing in your long-term future, such as a mortgage or student loan. Ideally, it should not have a negative impact on your finances.
Bad debt drains your finances with no prospect for future growth.

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Warren Buffett’s Best Money Advice

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