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  1. #9
    Senior Member welshwizard's Avatar
    Join Date
    Dec 2008
    Location
    Bucks. UK.
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    1,157
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    My parents had severe money troubles connected with their business when I was growing up. It is a long and painful story.
    50 yrs on I am still running the business. What I learned was, to avoid if at all possible, borrowing money.

    Sometimes you have to borrow to survive, that is the only time you should.

    Never borrow to get that new car, or holiday, or set of golf clubs.
    In the UK people even borrow tens of thousands for wedding ceremonies, some are still paying it off after they've divorced.

    The only free cheese is found in mouse traps.
    'Living the dream, one nightmare at a time'

  2. The Following 4 Users Say Thank You to welshwizard For This Useful Post:

    majurey (06-17-2010), noggs247 (06-17-2010), nun2sharp (06-17-2010), Stubear (06-17-2010)

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