Totally agree. Live within your means and gradually work your way up w/o going into debt. That's a good solid plan forward for a young person just starting out.
The main reason you take out a loan is because you want to buy something you can't afford to pay for out of pocket ?
I would watch it on the other end though. Instead of looking for ways to make MORE money look for ways to make the money you do have go further.
Housing is your biggest expense. If you own the house outright then you don't have to pay monthly rent or a mortgage.
Next is transportation. That shiny new 40,000 $ truck on the showroom floor will be in the scrapyard in 20 years. Not a good investment for your daily driver. You're guaranteed to start losing money once you drive it off the lot.
Healthcare is wildly expensive. Get somebody else to pay for it.
In a way it's all a bit like figuring a way out of the matrix. The matrix is based in the cash economy. First step is to open your eyes and see it for what it is. ( The more you make .... the harder you're working for the folks running the show.)
Next step is to at extract yourself from the whole mess so that you can keep the fruit of your labor to yourself.
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