Debt Free Life is a Bliss

Debt Free Life is a Bliss


 


Debt breaks Love. Not only the Love, the debt will broke everything if dealt as badly. Nowadays, Getting a loan is easy as it comes with a word, 'EMI'. It is not good to borrow money except if it requires strictly - Needs. If the debt is a problem for the Poor and Middle Class people, then it is a nuisance to the Rich and Businessmen. 


Benefits of Debt Free Life:



  • When it comes to Personal Finance, you can have Self Control. You have a thought before buying anything.

  • You can do your favorite job, hobby or Business as you are Financially free.

  • The First step to obtaining Financial Freedom is to go without debt or reduce the maximum debt.

  • You can make sure of your Income & Expenses - Proper Budget Planning.

  • Stress Free Life is a Bliss.

  • You can communicate to anyone (Economically) without Fear

  • You can see plenty of investment opportunities, if you are debt free.

  • You can distinguish between the Needs and Wants

  • You have a Financial Life without Shortage.


Simple Strategies to live without Debt (Loan / Liability):



  • Buy only the Essentials you really need.

  • Don't buy things as they are for others.

  • Before borrowing money, Think about it several times if you need that now. While trying to borrow, find the low interest rate opportunities.

  • Don't hesitate to bargain on Financial Matters. Don't get anything for Free.

  • Always carryout for the Proper Budget Planning.

  • Get ways to earn Extra Income.

  • Before buying any product, start with the appropriate Savings or Investment, then buy the product with your invested amount.

  • Understand the difference between EMI and SIP

  • Use Tax efficiently. Give importance to adequate Insurance for Health and Wealth.

  • Delayed Gratification is the Simple Formula to become Debt Free and makes you Rich in a Long term.


Kindly share your views / comments with a smile :)


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