Reimagining debt not just in financial terms but as a thief of time, DeMarco argues that every dollar borrowed is a future hour of life that must be spent earning to repay it. This perspective encourages a more mindful approach to spending and borrowing, prioritizing freedom and time over material possessions. The key phrase is 'Time is the Ultimate Currency.' A direct quote is, 'Parasitic debt eats free time and excretes it as indentured time.' An example given is calculating the true cost of a $4,000 gadget not just in dollars but in the 440 hours of life it consumes when financed on a modest income. | MJ DeMarco | The Millionaire Fastlane

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Debt as a Time Thief

Reimagining debt not just in financial terms but as a thief of time, DeMarco argues that every dollar borrowed is a future hour of life that must be spent earning to repay it. This perspective encourages a more mindful approach to spending and borrowing, prioritizing freedom and time over material possessions. The key phrase is 'Time is the Ultimate Currency.' A direct quote is, 'Parasitic debt eats free time and excretes it as indentured time.' An example given is calculating the true cost of a $4,000 gadget not just in dollars but in the 440 hours of life it consumes when financed on a modest income.

-- MJ DeMarco