Post
Topic
Board Economics
Re: Debt Management.
by
bluebit25
on 30/03/2024, 19:10:35 UTC
Debt can be considered an invisible disease that builds itself into our lives and causes us financial, mental and relationship troubles. Constantly relying on credit is no different than being addicted to drugs - it is very likely to become a habit immediately and will slowly but surely destroy your ability to control your money.

Better yet, we should aim for a frugal lifestyle and stay away from debt, especially loans for consumption needs. Debt should only be considered for business development purposes, but should also be carefully calculated and carefully managed to ensure efficiency and avoid risks.

When you run a business, good debt management is a key determinant of financial stability and predictability, allowing you to achieve your financial goals while maintaining a level of security. current finances. The problem is that it is not always that simple and one must be careful enough not to be trapped by certain consequences if the issue is not taken seriously enough.