“Young men starting in life should avoid running into debt.”
- Source
- The Art of Money Getting
- Date
- 1880
Meaning of “Young men starting in life should avoid running…”
Barnum treats consumer debt as a constraint on future choices and recommends avoiding obligations incurred simply to consume before payment is possible.
Where does it come from?
The Art of Money Getting, section “Avoid Debt”; Project Gutenberg #8581. The advice is period-specific and not a blanket claim that every productive use of credit is harmful.