THE SIREN SONG OF BORROWING

What Do YOU Think?

Are these good reasons to borrow money? “ Compound interest

is the eighth wonder
» Taking out a $5,000 student loan for of the world. He who
college tuition understands it, earns
» Charging dinner and movie tickets
it … he who doesn’t

”
during a night out with your friends
… pays it.
» Buying a laptop that’s on sale using the
store’s financing program ~ Nobel Prize-winning physicist
» Getting a loan to pay your credit Albert Einstein
card bills
» Charging repairs to get your car
running again
» Borrowing cash from a friend to buy some magazines

Credit cards, auto loans, home mortgages, pawn shops … you’ve probably heard
a lot about these forms of credit over the years—good and bad. But credit itself is
actually neither. Credit is merely a tool to buy something now and pay for it later.

How we use credit is what’s good or bad.

4 BORR O WING : U SE —D on ’ t Ab us e