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Avoid debt as much as possible from "summary" of The Smartest Investment Book You'll Ever Read by Daniel R. Solin
Debt is a burden that can weigh heavily on your financial well-being. It can restrict your ability to save and invest, leaving you vulnerable to unforeseen expenses or emergencies. While some types of debt, like a mortgage or student loans, may be necessary for achieving certain goals, it's important to be mindful of taking on too much debt. Living beyond your means and accumulating credit card debt can lead to a cycle of borrowing and repayment that can be difficult to break. High-interest debt can erode your wealth over time, making it harder to achieve your long-term financial goals. By avoiding debt as much as possible, you can free up more of your income to save and invest for the future. When you carry debt, you are essentially borrowing fro...
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