subject: Best Financial Advice – Stay Debt Free [print this page] Best Financial Advice Stay Debt Free Best Financial Advice Stay Debt Free
In this modern day and age, money has become as essential as having clothes on your back and a roof over your head at night. There is no workaround; everything practically revolves around money these days.
If you run out of money, you won't be able to buy food to eat, water to drink and pay for all the other things that people need in their everyday lives. With the way things are going on today, those who do not have money to spend are in deep trouble.
Ironically, even wealthy individuals somehow end up bankrupt because they have mismanaged the money they have.
You could have all the riches in the world at one point but if you do not control your urge to splurge all of your accumulated wealth you could very well be on your way to living a life as a hobo on the streets.
The best financial advice one can offer these days is to stay debt free. Even if you do have a stable source of income, there should always be a limit to the amount of cash you spend.
There are certain things that people with ordinary jobs cannot afford initially like fancy cars, shiny watches and big houses but these will all come in time if you save money diligently.
But with the help of third-party financers like banks which offer loans, you could purchase all of your dream items without actually paying for them right away.
The downside is that a lot of people fail to pay off their debts and end up broke and in trouble with the law. So before you decide to get a loan either to buy a house or a car or practically anything, think of your financial capability to generate the funds necessary to settle your debts first.
The only reason people get into debt is because they do not have it in them to delay their wants. The sad reality is that humans are never satisfied with what they have. There will always be something bigger, better and nicer at the store and people strive and work hard to attain these material things which they believe will make them happy.
Imagine living a life being thankful for everything that you have instead of being resentful that you are unable to buy this or that. You would be able to lead a better lifestyle wherein you could just live within your means and not have to worry about getting into debt.
No matter which book or financial expert you consult, you will most probably get the same answer. Stay debt free and live your life to the fullest.
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