This is extremely important. The first important thing to learn is, not to borrow money unless there there is a good reason. But second, it is even more important to learn to pay it back because if you don`t pay it back, you will lose your credit and nobody will trust you and you be able to borrow other money. So, it is best not to be a borrower but if you are a borrower for good reasons, be sure to pay it back.
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.