Try to Restrict Borrowing Money to Things that Increase in Value

The principle is pretty typical in business.

Consumers, on the other hand, tend to buy things that go down in value.

Borrow money if it improves your productivity and makes you more money.

Leverage multiplies the power of your business because with leverage, every dollar you make in profit is multiplied.

This is wrongheaded, short-term and irrational.

Borrowing money to buy another tablet may not be the best idea.

Consumer debt is not your friend| Seth Godin viaRockstar Finance

Photo byOmar Barcena.