Avoid excessive debt from "summary" of The Automatic Millionaire Workbook by David Bach
One of the key principles of achieving financial success is to be mindful of the amount of debt you accumulate. Debt can quickly spiral out of control if left unchecked, leading to a cycle of borrowing and repayment that can be difficult to break free from. When you take on excessive debt, you are essentially committing future earnings to paying off past purchases. This can severely limit your financial flexibility and impede your ability to save and invest for the future. To avoid falling into the trap of excessive debt, it's import...
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