Debt always carries risk, and people often focus only on the positive outcomes of borrowing money while ignoring the potential negative consequences that can arise when income drops, emergencies occur, or plans don't work out as expected.
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Dave Ramsey | Nobody Talks About RiskAdded:
The thing that we don't equate with debt hardly anywhere in our society or in this discussion is 100% of the time debt equals risk.
>> Mhm.
>> Little debt, little risk. Small interest rate debt, small debt, little risk. Big debt, big risk. But people don't think about it. They only talk about debt as if there's one possible outcome and it's a positive outcome.
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