Indebtedness itself will never kill

To a trader, leverage itself will not have enough destructive power to kill him. It is always a series of serious draw-downs and coupled with leverage that sent the trader to his financial agony and doom.

Similarly, indebtedness itself seldom forces the borrower into financial nightmare or doom. It is always a series of unexpected financial expenses due to life crisis or sudden unexpected stoppage of incomes and coupled with high debts that kills.

How many of us will ever stop to think seriously that bad things can happen unexpectedly and will put a stop to our dreams.

debt-free — and that, to me, is richness enough

My No Leverage Principle- Why? Part 3