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Death by a Thousand Cuts

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Lately, there’s been a lot of handwringing about the long-term impact of a daily treat like a cup of coffee. The Times got this completely wrong yesterday, pushing people deeper into a trap that they should run away from. And the Washington Post points out that the number of people getting a loan for their wedding is skyrocketing. This is a problem.

— Source: The tyranny of small debts, compounded (Seth Godin)

Seth Godin has built a Google Doc to help educate people on the perils of compound interest on your debts. Check it out.

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