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Did you know that successful investors make money using the same principles that chess players use to become world champions?

Here’s a story about debt and decoy.

Ever been curious about the best ways to deal with debt?

Well, the best way to deal with debt is to stop it from happening in the first place.

But all too often people are sucked into debt by something that appears like a great deal. Being told “Buy 2 and get the 3rd one free!” is enticing, but how many shoes did you set out to buy?

In Chess, these temptations are compared to something called a decoy, where a chess grandmaster can set up her opponent to believe that by capturing that pawn over there, he’s about to get a free piece. But in fact, that strategically placed piece leads him right into checkmate.

Here’s the principle explained:

Stay tuned for our next post!

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