Let’s DEFINE Debt-Free
Many folks misinterpret what is meant by having no debt, so let’s define debt-free and use that as a cornerstone for our discussions.
Many folks misinterpret what is meant by having no debt, so let’s define debt-free and use that as a cornerstone for our discussions.
The Big Cajun Man asserts there is no such thing as “Good Debt” and criticizes experts who claim otherwise. They insist all debt is detrimental, comparing the concept of ‘Good Debt’ to the illogical idea of ‘Good Car Accidents’. Regardless of the purpose or economic benefits often presented in defense of debt, BCM emphasizes it always negatively impacts the individual, equating it to stealing from one’s future self. BCM encourages a mindset of despising and quickly eliminating debt.
Sometimes you have the right solution for the wrong problem. Make sure you are solving the right problem.
Discover effective ways to fix your financial situation and avoid the cycle of spending your way into more problems. Gain insights and tips for success.
How fast can you destroy wealth? Evidently during housing bubbles, quite easily. Buy value and what you need, and do not overspend!