Thursday, November 24, 2016

Step Away From the Credit Card

As the aptly named "Black Friday" approaches, normally sane and courteous people are preparing to morph into ravenous, ruthless spenders. I know there are millions of books about financial security and wealth building but it sort of all boils down to this:  Stop spending.
Are Americans the only people who actually pay for storage units and buy books telling them how to organize all of the junk they never use? Instead of trying to store all of that stuff, wouldn't it be easier not to buy it in the first place? After books on clutter prevention have topped bestsellers' lists, people are still dedicating a whole day to buying stuff which eventually ends up in the landfill.
Debt puts us in bondage but saving can buy freedom. Einstein said,  "Compound interest is the eighth wonder of the world.  He who understands it, earns it....he who doesn't, pays it."

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