Avoid money lenders if possible
Last week, a friend shared with me how un-payable debts have become a huge burden that even if he to work for another half century it’s impossible to clear. When he shared with me the state of his debt saying that it was going off the scale, my blud’s reaction was my debt is much bigger than Greece and worse of compared to some countries where stands at 200 percent of GDP and if his were to be quantified with GDP it would be something like 500 per cent GDP. However, at the moment he is just doing just fine and that is why a lot of his friends wonder why he was not afraid of, saying ‘Come on, I won’t borrow anymore.’ Why can’t I get more debt seems to be his urge?” This kind of reasoning which is deeply regrettable and a cause for great concern given the uncertain future of today’s young and future generations has become part of our lives but the consequences are dire. Although am not a financial expert, I know broke has become a relative term and few are managing to g...