It is vital we understand the nature of debt—before we get into debt. Unfortunately, we don't get this information during class.

Debt is a function of the past. When you have debt, you will always solve yesterday's problems with today's money.

Even worse, you're stealing money from tomorrow. When you add high interest on debt, it becomes an entire mess.

I spent 20 years in debt; then, I freed myself. You don't need to relive my mistakes. Save for today and invest for tomorrow. Don't spend your resources paying for the past. Good Luck!