Training the next generation of foolish Ponzi borrowers

In its simplest form, a personal Ponzi scheme is borrowing money to pay debt service: acquiring new debt to pay old debt. It’s a path to disaster.

Carpe diem — “Seize the Day” — The first Ponzi
Have you ever wondered why people make foolishly irresponsible financial d… – Training the next generation of foolish Ponzi borrowers

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