As well as being a Britney Spears song, this is a common phrase I hear from clients who repeatedly fail to reduce their monthly spending to meet their financial goals.

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Debt is not inherently bad or good. There are however good reasons for incurring debt and bad reasons for incurring debt.
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One of the best, most common ways to grow your wealth is to earn money not just from what you do, but also from what you own. 
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Stuff happens!  While it may be impossible to prevent these events from ever happening you can at least protect your finances from being devastated as well.
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