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.
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