Creditors

Creditors are like black birds sitting on the fence along life’s highway waiting for some road kill so they can get their piece of what is left. How do we avoid being found on the road dead with everyone trying to get a piece of what’s left?

Are we only to buy what we have cash in hand for? Is there such thing as good debt? Can debt be used as leverage? Why do they call them loan sharks?

No money down with no interest for 12 months, does that sound too good to be true? Absolutely it’s a scam to get you to pay a higher interest rate.

A penny saved is worth twice as much as a penny borrowed. A wise man once said “The borrower is slave to the lender”. It’s like anything else, too much of a good thing will kill you dead.