If you aim at nothing, you will hit it every time.
Zig Ziglar
Over the years I have worked as a financial adviser, I have come across many young people with accumulated personal debt, usually attached to credit cards, store cards, personal loans or car loans. In most cases it began with the first credit card they obtained at the age of 18 or 19, when they’d just finished high school and entered the adult world. Often the credit card had a small limit of perhaps $1000 or $2000, which could be exceeded pretty quickly when the feeling of easy money became familiar. Once the credit card approached its limit, a letter from the bank would quickly arrive offering an increase on the card’s credit limit. Sometimes these ...
