November 30, 2021
Are we, as a country, digging ourselves into a deep hole again? For those of you that remember the 2007-2009 debit crisis, lending became too vast and many families took on more debt than they knew what to do with. Today, there are new fads of margin trading for retail investors and the new Buy Now, Pay Later companies that have become as popular as a meme stock. Society is making it too easy to take on a lot of debt again and most don’t understand the repercussions! Be sure you have your cash flow or budget in place, so you’re able to pay off these debts timely without any negative impact to your credit or accumulating so much debt that you cannot pay off. Feel free to contact us with any questions at YPP, LLC.
Carol Dixon, CFP®