Hello, Wienabbers. My name is Jesse Meekham. This is podcast number four hundred seven for

Wienab, where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and

save more money. We're talking about debt, we're still going to do it. I want to

talk about debt as it relates to the cost of opportunity. Last week we talked

about why debt takes away your cash you can't follow Rule 1.

You can't give every dollar a job because your past self has stolen those dollars from you

by doing whatever you did.

Number two, we talked about how debt kills constraints

and constraints breed creativity and creativity.

We need more of that, right?

I talked about how that creativity is what gave me the idea

that I could sell a little rinky-dink spreadsheet to someone and then a year later replace

it with actual software that was good and has gotten far better since then.

But that idea that it kills your creativity, I want that to just sink deep into your soul.

However, the third reason, this is slightly related, but I want to dig

into this a little deeper. Debt carries a high opportunity cost. Now if you are not living within your means you are going into

debt or someone's giving you money which I guess that's okay.

But most people are living beyond their means,

and we talk about means, in this weird way,

we say means, that's an old word.

I don't know who actually uses that except in the phrase

living within your means, live within your means.

...