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Debt Myth #1: “Borrowing increases my buying power.”
You may think that borrowing enables you to buy more stuff, but debt actually decreases your purchasing power.
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Debt Myth #3: “I Can Make the Payments!”
You may be able to "afford" the monthly payments, but financing leads to bum deals, and never-ending payment cycle.
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Debt Myth #4: “Good Debt”
You may have heard that things like student loans are "good debt." But is there such a thing as good slavery?
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Debt Myth #5: “Everybody’s Doing It”
It's easy to justify our borrowing by saying that everybody's doing it. But are they?
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Seven Myths about Debt
It's time to set the record straight on the lies that our culture has told us about debt and borrowing.
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