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Debt a distraction for financial stability by emeka4

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· @emeka4 ·
Debt a distraction for financial stability
Debt is never a good idea to fall into because this however draws one back when trying to growing financially and maintain your stand. Debt causes so many distractions in life and this have affected so may people negatively that they even give up in trying in the process.

![photo-1635840420799-f75477b0b977.jpg](https://images.hive.blog/DQmZ7tJjvMC5YZKhG517UBHKrDF5FfJCtPZr3aE6Cg8xLUE/photo-1635840420799-f75477b0b977.jpg)[source](https://unsplash.com/photos/K_3UV1ZFcJ0)

When there is a Little change that you have to sustain will be taken by debt which isn't what you plan for but will be taken away by it which is a drawback In financial growth and stability.

There are many ways in which we can fall into debt but one thing we should always be careful about is how we handle our financial lives. Some debts can be avoided but ignorance have made people not to look that path. 

However, some financial condition isn't easy because what such people go through isn't an easy lifestyle to experience so they have no choice than to borrow in other to cater for what they need with an assurance to pay back. 

We have people that have a steady income but fail to know that path and decides to fall in into debt which isn't a good idea. This kind of people don't mind because they have a source in which they can use to pay back.

When we engage ourselves into debt, the idea of saving and making financial progress wouldn't take place because we have to settle who we are owing before even trying to balance up back by planning for ourselves.

Debt is not advisable to fall into so we should be careful with how we manage our finances to avoid seeing the other side of the story.
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@poshthreads ·
https://leofinance.io/threads/view/ziabutt3836/re-ziabutt3836-37ikpi3rz
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@ziabutt3836 ·
Yes, Debt stops the financial growth. 
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@emeka4 ·
Absolutely
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