I have read several blog posts and comments lately about burnout among people who are pursuing the goal of paying off all of their debt. These folks utilize a strategy of accelerated debt repayment. They want to become debt-free as soon as possible. But somewhere along the line, usually when they have reached a milestone [...]
I once worked with a guy named Fred who told me that he had to keep himself in perpetual debt. He said he worked harder and earned more money when he had to make loan payments. No doubt, debt is a powerful negative motivator to get out and earn some money. There have been times [...]
I was young and broke and seeking out ways to make a lot of money fast when I encountered a concept used by high rollers that goes by the initials OPM, Other People’s Money. It works this way: Never use your own money to make money, use OPM. One way to obtain OPM is to [...]
