Seth’s Blog: Consumer debt is not your friend

Posted on

“Debt seems like fun for a long time, until it’s not. And everyone does it. We’ve been sold very hard on acquisition = happiness, and consumer debt is the engine that permits this. Until it doesn’t.”

“It’s simple: when the utility of what you want (however you measure it) is less than the cost of the debt, don’t buy it.”

Read Mr. Godin’s blog post–I can’t say it better than he can.

Seth’s Blog: Consumer debt is not your friend.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s