The high cost of cheap credit - Get out of debt 2024

Описание к видео The high cost of cheap credit - Get out of debt 2024

The credit trap for uneducated and undisciplined consumers lies in consumption and cheap credit. The desire to consume will lead to borrowing rather than saving. When cheap credit becomes available to undisciplined consumers, lifelong debt is usually the result.

Cheap credit is best for the economy and businesses, but it is a great danger to the uneducated and undisciplined consumers.

#debt #loans #valueinvesting #business #consumer #payment #wealth

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