Penny wise and pound foolish with loans

Some Borrowers Use the Same Options to Repay Loans That They Could Have Used Instead of Borrowing. This shouldn’t be so. Take a quick look at these quotes before we get on: “Borrowing is not much better than begging; just as lending with interest is not much better than stealing.” Doris Lessing “You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that’s not what’s being done.” Meredith Whitney “I am not that good a manager for me to be comfortable borrowing someone else’s money.” Jack Dangermond Penny wise and pound foolish...