Having been through the mill of having the shackles of debt. I thought I would write-up my experiences of debt so that it will give you some pointers about when to use it and how to handle it. My experience with debt on the whole has been unpleasant, when I started my first business, I didn’t understand money or debt very well.
I have made all the mistakes, borrowing to get a new car, borrowing for luxuries and borrowing to fund a lifestyle. I have made most of the debt mistakes and borne most of the consequences.
Here is what I have learned…