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Category

😹
Fun
Transcript
00:00Be cautious about debt.
00:02When you're thinking about debt, think about is that debt going to help my savings or is
00:07it going to produce an income?
00:10Sometimes debt like buying a house or buying an apartment or buying an asset, it produces
00:14forced savings.
00:16Forced savings is a good thing.
00:18Or if you're taking on debt and you're thinking am I going to have that debt in an asset,
00:24that asset better produce more income than the cost of your debt.
00:29If you're using debt for consumption, that's not a good thing to do.
00:33You're giving up that safety.
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