The Orange Paper wrote a fantastic post today on “9 Lessons To Learn From Lehman’s Crisis”
Here’s ONLY a quick extract
But of course, the times have changed now. Everyone I know has a loan….Parents would not give their daughter’s hand in marriage to a man with loans….People looked down upon those who took loans….Tip: As soon as you get your monthly salary, set aside a fixed amount, usually 35%, for insurance, savings and investments. You can then spend the rest. 8. Not all loans are bad….

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