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24/08/2008

'I know from history that credit kills all great societies'
'Everything gets destroyed a hundred times faster than it is built'
Paul Tudor Jones - 1989

Make sure it doesn't happen to you. I have to drag up some long lost memories from which the current market feels mighty like Britain in the 1970's, where I learnt a number of significant lessons. From this period I noted that the most important aspect for a comfortable and secure life was to be always in 'control'. This meant avoiding credit of any kind at all times. Since then, I personally, have never been in hock to banks or anyone else. I cleared my mortgage off in extra quick time and regained control of my future. My business over the past 30 years has never had to go to bankers for a single penny…we have been totally self funding by building up cash in the good times and using that cash to get through the bad times.


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