The reality of borrowing is the high cost of debt. Interest payments
represent a double loss.
$ Compounded interest on the loan.
$ Compounded loss of earnings.
Our lives are riddled with stress. The nature of debt acts to compound
that stress. We forfeit our flexibility when we borrow, and that is
truly the highest cost of debt.
For each $100 interest paid monthly over
25 years at 10%, you have lost the opportunity to accumulate $124,000