Unwise use of debt mortgages the future. Consumptive borrowing will limit future lifestyle, flexibility and independence.

If you’re considering going into debt, ask the following four simple questions: Will this debt’s economic return be greater than the economic cost? Do I have a guaranteed way to repay the debt? Do my spouse and I have unity on this decision? Do I have any other alternatives? Your answers will determine if borrowing would be a wise decision or not.

In the ROL process the goal isn’t to never borrow money … the goal is to become wise users of debt so we can enjoy a greater degree of flexibility and independence in every season of life.

The principle is simply: The unwise use of debt mortgages our future and can severely reduce our return on life.