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Christopher S. Penn's Awaken Your Superhero

Christopher S. Penn's Awaken Your Superhero
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Bad debt, good debt, and the great financial lie

Started by Christopher S. Penn · 7 måneder dage siden

One of the greatest lies ever told to people is the fallacy of good debt/bad debt.
“A mortgage is good debt! It’s an investment that will pay off!”
“A college education and student loan is good debt! It’s an investment in yourse ... Continue reading »

2 comments

  • Whenever someone enters into a borrower-lender relationship, something changes. The lender is in a position of power, and the borrower is in a submissive position, being required to pay the lender back.

    There is a proverb that states, "The borrower is slave to the lender."

    For this reason, I don't believe any debt could be good, and I am going to do everything within my power to get out of debt and make sure I don't go back into it.
  • Thanks for this great article.

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