The most basic principle of building wealth is gaining control of your largest wealth-building tool—your income. If all your income is tied up in debt payments, you can’t save, invest, or be generous. This happens when you buy things you can’t afford on credit, leaving you with a good salary but no money. Proverbs 22:7 says, "The rich rules over the poor, and the borrower is slave to the lender." Many people follow the cultural norm: graduate college with student loans, get credit cards to build a credit score, and finance cars and homes beyond their means. These decisions trap people in a cycle of debt, leaving them feeling hopeless and stuck. Sharon and I decided to break free from this cycle. We stopped playing the game. We refused to let Citibank, student loans, or any other lenders control our lives. For us, that meant getting rid of credit cards and refusing to hand our money to banks or lenders. We took charge of our finances and declared, “No more!” If you want to win with money, you need to stop the insanity. Cut up the credit cards, reject the cultural norms, and take control of your income. It’s time to quit being a slave to debt and start winning with money. Thank you to all who joined our Get Control of Your Money Livestream last night!
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