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Spending

Your wedding is naturally important but it’s only one day of the rest of your life, and nobody will ever remember what you spent on it.

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Debt isn’t just painful because of the interest bill you pay. There’s also the long-term value of that money if you’d saved and invested it instead.

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Buy something on a credit card, pay off the minimum amount per month, and you’ll actually pay for it twice. Here’s the maths.

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The only good debt is dead debt

The only good debt is debt you take on for investment. Unless you run your own business, that begins and ends with an affordable mortgage to buy property. Get out of debt of any other kind, as soon as you can. Pay it off! Kill it dead! Borrowing to invest in shares is too risky. [...]

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