Avoid debt as much as possible from "summary" of The Simple Path to Wealth by Jl Collins
Debt is a powerful tool. Used wisely, it can help you build wealth and achieve financial independence. But all too often, it becomes a burden that holds you back from reaching your goals. Debt can be like a siren, calling out to you with promises of instant gratification and easy money. But the truth is, debt is a trap that can keep you chained to a life of financial insecurity and stress. When you carry debt, you are essentially giving away your future earnings to someone else. Every dollar you owe is a dollar that could have been working for you, earning you more money and helping you build wealth. Debt not only costs you in interest payments, but it also limits your financial flexibility and puts you at the mercy of lenders. Avoiding debt doesn't m...
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