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The best ways to manage debt
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[QUOTE="moonchild, post: 278460, member: 57467"] Well, you can tell that to multi billion dollar companies that raises billions of dollars and keep on stacking up their credits and the central banks keeps on printing more for them. Debt is actually a good less you spend it buying consumer items, flaunting to friends and other average Joe tendencies. But imagine I have a business that I want to expand to other part of the countries,, so I shouldn't take loans to do that, lol, I live in Nigeria and we have a business mogul that is recently building a refinery and most of it was financed as loans. What's the worst that could happen when you take a loan? I always operate with this mindset, it's called WADM(Worst Action Dimension Matrix) look it up. Take loan and start a business if it is available but don't let the lack of it stop you from starting one. [/QUOTE]
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