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Friday Flight - Brainless Borrowing, DOGE Dividends, & Abroad on a Budget #951

How to Money

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The Dangers of Modern Borrowing

This chapter examines the complexities of borrowing, stressing the risks associated with various debt types, especially predatory lending practices. It critiques modern financial solutions like peer-to-peer lending and buy now, pay later schemes, warning of high costs that can arise if payments are missed. Additionally, the chapter addresses inflation's impact on emergency funds and questions the viability of recent proposals for financial relief tied to government spending cuts.

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