We've all witnessed the domino effect- when one action can cause new reactions - but have you ever thought about it in terms of your finances?
Debt can cause a negative domino effect. Debt is a obligation on funds you don't currently have, so incurring more and more debt can domino quickly.
It's just as easy to build a positive domino effect as a negative one. For example, compound interest can snowball and pick up over time, setting up a positive domino effect of passive income for you.
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