Risk vs. Reward...The Brain...And Why We Borrow Until It Hurts

originaloog
Sun, 23 Mar 2008 19:21:43 +0000

My rules about debt. If you can’t pay off your credit card every month you are spending too much. If you can’t afford to buy a car with a 30 month car loan, then you can’t afford the car. If you cannot afford to buy a house with a 20 year mortgage, then you cannot afford that house.

These rules have made life quite simple and stress free for me and my family.