The Hidden Cost of Living Beyond Your Means | Jim Rohn

Let me be honest with you about debt. There is a difference between debt that builds and debt that destroys. Borrowing to buy something that earns more than it costs—that can be wise. Borrowing to buy things you want but can’t yet afford—that’s a trap I’ve watched swallow good people whole. When you borrow money for consumption, you mortgage your future to pay for your present. Live within your means. Build before you borrow. And when you do borrow, do it with a clear plan to escape.
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