Be cautious with debt from "summary" of The Richest Man In Babylon. Illustrated by George Samuel Clason
It is wise to be wary when it comes to borrowing money. Debt can be a double-edged sword, capable of both helping and harming those who wield it. While it can provide a temporary solution to financial problems, it also carries risks that must be carefully considered.
One must remember that borrowed money must eventually be repaid, often with interest. This means that taking on debt can lead to financial obligations that may become burdensome if not managed properly. It is crucial to assess whether the benefits of borrowing outweigh the costs and risks involved.
Moreover, debt can easily spiral out of control...
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