In this episode, Miguel and Sonja delve into the practical wisdom of managing family finances, highlighting the powerful quote, "the borrower is slave to the lender." They discuss how debt can limit opportunities and the importance of delayed gratification. Sharing their recent experience of resisting the urge to take out a loan for a "nicer" car, they emphasize gratitude for what they have and the pitfalls of trying to keep up with others. They also offer insights on getting out of debt and the importance of buying assets over liabilities.
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