Some counties turning down stimulus money
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#2 Apr 22, 2009
Whatever you borrow you have to eventually pay back. Itis better to wade through the muddy waters than be consumed by debt.
No one who has a lot of debt is going to get rich especially if it reaches a point where much of your expenditure goes to cover borrowed money, Africa is a typical example.
Most of these countries are up to their necks in debt and continually paying it off. So they cannot buy what they really need to live a good life because they owe so much and have to settle their debts first.
Do what is right and not spend unnecessarily. Nor spend thoughtlessly what is not really yours to spend in the first place.
STAY AWAY FROM DEBT if you can as IT IS A DESTRUCTIVE FORCE.
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