Debt is evil because:

Debt is evil because:

1. The power of compound interest is used against you

2. Every dollar you bring in is needed to contribute to servicing your debt

3. It is a habit forming. It’s too easy to get good at juggling bills. It gets in the way of your “success” skills

4. It forces or encourages you to do things you wouldn’t normally do

5. It provides stress, worry, and frustration

6. It makes you vulnerable to money crunches (severe cash shortages)

7. There’s no such thing as good debt. Any debt can put you under or worse yet, bankrupt

David…