Never borrow.
- “The first step to taking control of your money is to stop borrowing.”
- “Before borrowing money from a friend, decide which you need most.”
- “Quick to borrow is always slow to pay.”
Verses
Proverbs 22:7 The rich rule over the poor, and the borrower is a slave to the lender.
Proverbs 21:20 Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.
Romans 13:8
Owe no one anything, except to love each other, for the one who loves another has fulfilled the law
If you can develop this habit of "Owe no-one anything", you are already halfway to your financial freedom. This goes to car monthly payments too. Why pay installments on your car. That means you are living beyong your means, you did not have enough money for this car. Save money and your car for cash. Dave Ramsey videos can help you in this regard. Here is one of his videos: https://youtu.be/NvZJb_ydvUk Copy and paste this link on your internet browser to view the video.
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