I recently dusted off an old copy of success magazine (subscribe here) and found a wonderful reminder of why it's important to have control over our finances.
“It's been said that if you want to know how people feel about themselves, look at their bank account. Money is an outcome, a reflection of one's mindset and self-confidence. And money doesn't lie. It's unemotional and unsympathetically revealing. It's a rigid measurement of value that's easily counted.”
-P.6 of “Success Magazine – February 2009” article written by Dale Hardy
Debt is bad for various reasons - including how we perceive ourselves. It's hard to feel like a winner when we're going further behind in our finances every month.
While some argue that there are such a thing as a “good debt”, none of them feels good to me.
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