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Always safe, only sometimes a winner

Submitted by Philip Brewer on August 13, 2007 - 16:11.

Glad to hear that you're doing well.

Staying out of debt is always a safe choice. It's not always the winning choice, though. In a resource-rich environment, the people who are willing to go out on a limb (and aren't so unlucky as to get caught short by a crunch like this), come out ahead.

Of course, coming out ahead isn't the important thing.

It would be best if you could see the future. Even though you can't it's often possible to see far enough ahead to know that there won't be a crunch in the next few years, and feel confident enough to take on a safe amount of debt. (Now is not that time.)

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