And stay out of consumer debt altogether so no percentage of that $80K is going to debt, which makes the $80K tradesman wealthier than the $150K collage grad drowning in credit cards and student loans.
Debt is fine and acceptable. However it has to be done with wisdom. Far too many are unwise, especially the young whom are abused by this debt education system. As with any economic enterprise, you gain money through debt, use it to setup to make more money in the future. Only difference is its yourself you are investing in, not a business. A bad business plan will cause you issues in both cases.
And stay out of consumer debt altogether so no percentage of that $80K is going to debt, which makes the $80K tradesman wealthier than the $150K collage grad drowning in credit cards and student loans.
Daveramsey.com.
Debt is fine and acceptable. However it has to be done with wisdom. Far too many are unwise, especially the young whom are abused by this debt education system. As with any economic enterprise, you gain money through debt, use it to setup to make more money in the future. Only difference is its yourself you are investing in, not a business. A bad business plan will cause you issues in both cases.