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Updated over 7 years ago on .

Jon Q.'s profile image
Jon Q.'s profile image
Jon Q.
  • Investor
  • from Berkeley, CA
  • Member since Jul 28, 2015
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Jon Q.'s profile image
Jon Q.'s profile image
Jon Q.
  • Investor
  • from Berkeley, CA
  • Member since Jul 28, 2015
Connect
Jon Q.
  • Investor
  • Berkeley, CA
713
Votes |
1,469
Posts
Starting Out

Manage your debt wisely...

Jon Q.
  • Investor
  • Berkeley, CA
Posted

"A man in debt is so far a slave."

-Ralph Waldo Emerson

Two critical things to understand about debt...

(1) Every time you borrow money you erode your future income, and

(2) When you borrow you immediately reduce your net worth, except when you use the loan to buy something of equal or greater value (ex. real estate investments).

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