Sometimes it’s the same thing said just a little different that causes that light bulb to come on.
This post, The Really Obvious Thing We All Forget When Borrowing Money says it just different enough that might help flip that switch for you.
The post asks: Who is really lending you money when you borrow?
This is really important! Is it Citibank or American Express or Ford Motor Credit loaning you that money? No, they are not. These credit companies are merely the vehicle.
You are borrowing that money from your future self.
When you use credit, you are guaranteeing you will have less – later. Not only will your future self need to repay the loan, your future self will pay interest on that loan as well. This is the opposite of Dave’s, “Live like no one else so later you can live like no one else”.
You’re really sticking it to your future self by borrowing. You’ll be poorer, less able to live within your means, further from financial freedom – and probably lumbered with an old PC that needs to be replaced.
If you have had exceptionally easy life up to this point, let me clue you in. Sometime in the future, there will be hard times and when there are, it will feel like the whole word is sticking it to you. Don’t pile on. Give the future you a break by not borrowing today.