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Main Reason Why People end up in debt
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[QUOTE="Deleted member 13140, post: 212837"] So what exactly is debt, before I tell you why and the main reason why people go into debt, I want to explain what it is because I'll steal a things from it to clearly make people understand understand concept. Money that one person or entity owes or is required to pay to another, generally as a result of a loan or other financial transaction. When you look at the definition I want you to underline or atleast just carry it off heart - Generally as a result of a loan, now ask yourself what will cause someone to take a loan. There are hundreds of reasons both genuine and not genuine, and I have empathy for the genuine, because I know how hard things are nowadays. But ones that aren't genuine, I also have empathy for it because they is always a deep reason why people behave anyhow they do, so that's why I want to address This- Don’t go for what you can’t afford It is a typical problem in our teens who always have peer pressure ' or, more accurately, generation Zs society that most people have a tendency to flaunt their wealth and end up in debt. However, it is always preferable to live within your means and avoid becoming enslaved by huge debts. Remember that, debt isn't a normal thing it could destroy or make you if used wisely [/QUOTE]
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