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Debt Management Is Necessary

September 13th, 2008

By now you must have realised that debt management is necessary to avoid becoming financially embarrased when circumstances change.

So many people are caught short when their debt becomes unmanageable and it is all unnecessary. You see – most people borrow money to buy stuff – stuff that costs money to maintain and keep. And so there is no payback for the debt.

But imagine if the debt was taken against something that generated more money that the debt repayment. Now there would be a profit in the deal and that kind of debt can often be a good thing. 

Unfortunately – we don’t learn that in our schools. We learn instead to work for a salary and borrow money to buy stuff. Makes you think – huh?

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