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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%4:00 PM EST
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To: elmatador who wrote (131279)3/4/2017 4:03:57 PM
From: Heywood401 Recommendation

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"You do not pay debt, you manage it."

Corollary: "If you manage it well, you prosper, if you manage it poorly you fail"

When I became old enough to have credit, my older brother advised me to never borrow money for anything that does not appreciate in value.

While I didn't always follow his advice strictly, it did keep me from making costly impulse buys, or buying new cars for decades when I couldn't afford them.

It also, in turn, allowed me, without fear, to borrow large sums to purchase pieces of real estate in markets that were going up significantly more than the rates I was borrowing at.

Managing debt well has been one of the keys to prosperity for me.
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