The Hidden Costs of Debt

by Brandon Eley ~ September 20th, 2009. Filed under: Tips and Tricks.

I stumbled upon this excellent post by Josh Kaufman at The Personal MBA. This is exactly how I feel about debt… with the exception of a mortgage or reasonable car payment. If it’s not going to make you money, you shouldn’t even consider financing.

Check out “The Nefarious Hidden Costs of Debt” at The Personal MBA… it’s a great read.

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2 Responses to The Hidden Costs of Debt

  1. Stephan
    April 21st, 2010 at 10:36 am

    Couldnt agree more with this, why finance anything unless it makes money for you. It is just plain dumb to purchase a tv and pay for it over 60 months with a total payout likely double of what it would have cost in cash. Keep these costs in mind when you are in the store looking at your dream TV for the big game!

  2. Josh Kaufman
    June 28th, 2010 at 4:00 pm

    Glad you liked the post – thanks for spreading the word! :-)

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