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Pay your business dept and liabilities as early as possible.
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[QUOTE="Kingsley, post: 244535, member: 30278"] Debt is something we can not do without mostly in these current times that we find ourselves most business organizations are been run on debts and borrowings, this is not limited to business organizations alone but also to governments of various countries mostly here in Africa and my own dear country aswel. Well when we consider debt in the real sense of it, it is not bad thing to borrow, infact it is a crucial aspect of running a business one must obtain some form of financial assistance in other to expand one's business but the truth is how we spend the borrowed money is what really matters. Statistics has show that most of those G-20 countries are even more indebted as compared to some third world countries. But those this actually make the third word countries better off, the answer is obvious for all to see. As we all know those developed or advanced countries are channelling the money they are borrowing into more productive venture hence we can see their levels of development as against those African countries who misappropriate the funds that they receive and run into huge debt. So one should always look out ways of paying up debt as we use the funds we receive. [/QUOTE]
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Pay your business dept and liabilities as early as possible.
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