What is Debt?

Posted: June 6, 2016 in Debt
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“Debt is simply a way for you to own and control more than you can currently afford from your savings.  When you take on debt, you are agreeing to use future earnings to pay for something you want now.  In general, if it’s something consumed – like a car, clothes, or airplane tickets – all you’re doing is stealing from your future to satisfy your present desires or needs.  Eventually, it will not work.” -David Eifrig

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