Manage debt responsibly from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
Debt is not inherently bad, but it can become a problem if not managed properly. Responsible debt management involves understanding your borrowing capacity and being mindful of your spending habits. It's about using debt as a tool to help you achieve your financial goals, rather than as a crutch to support a lifestyle beyond your means.
One common mistake people make is taking on too much debt without a clear plan for repayment. This can lead to a cycle of revolving debt that becomes increasingly difficult to break free from. To avoid this trap, it's important to borrow only what you can afford to repay within a reasonable timeframe. It's also crucial to have a budget in place to track your spending and ensure that you're not overspending ...
Read More
Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.