Debt Free Me- Brief Information about this
When you Google the term "become debt free," you will also see a query: "is it good to be debt free?" His debt dichotomy has persisted for centuries. Why? Loan (debt) strapped, EMI-paying people, are an asset to banks, NBFCs, governments, and employers. As a result, they promote debt as a good thing. Read about bank business models. If people do not take out loans, banks and non-bank financial companies will go out of business. The government wants more debt in the economy so that "public spending" can continue to rise. Employers (quietly) want their employees to be in debt. Why? People stay at their jobs (unwillingly) because they are afraid of missing their loan EMIs. What happens if the loan EMI is not paid? However, the REAL.
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