Oct 12, 2008 1
Bad Debt
Debt is a powerful force to contend with.
During abundance, entrepreneurs take the liberty to borrow to expand or start a business. New couples on the other hand will borrow from banks to buy houses and cars. Still others, use credit cards to purchase appliances, jewelries, lap top and alike, on top of using the plastic for their daily requirements to live.
This is not necessarily illegal or immoral, however, when economic and financial crisis hit, like what the world is experiencing now, people will realize how hard it is to be in debt.
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