Is slavery.
Do not get yourself in lots of debt. It may be practical to borrow for large particular things like a home, or an education, but debt is crushing. It comes in many forms – Credit Card, payday loans, mortgages etc.
It stops you from enjoying life, for operating a business. Most things in life can be attained without going into debt, especially consumer items such as cars or household items.
Always look on the big picture. Is this borrowing really necessary? Develop a habit of saving your money for the things you want and for emergencies.
Check out the debt snowball method of getting out of debt. Or better yet, do not get into debt, especially bad debt, at all.
A borrower is a slave to his lender