Are you working on paying off your debts, but frustrated because you aren’t getting as far as you’d like to? Jay Z once said if you can’t afford to buy it twice, you can’t afford to buy it. He’s also living by the rule, Cash is King.
Cash is king refers to cash being more valuable than any other investment tool because it is real and tangible, and without the proper amount of cash on hand, businesses – and households! – can run into a lot of issues.
Paying off your debts is vitally important, but you should never sacrifice your current financial security to do so. Cash is king, so always have a safety net of cold, hard, cash, not a line of credit, to fall back on.