[Presh]

Some people just have a debt habit. When you have that habit as a person, you cannot grow financially. Don't take loans as much as possible but people would still take loans for child dedication, marriage ceremonies and those unnecessary events.

[augusta]

Yeah debt takes so much from people it is good to get rid of them to start saving.

[Uty Theo]

Debts is the surest path to financial uncertainty in the future. Every human should strive to stay debts free.

[Presh]

When you are owing, you might not even be able to think straight and make money. You won't even be creative to explore how to make money. You would be busy calculating how to pay your debts.

[Kalayla]

I don't do loans because it messes with my peace of mind and freedom. I saw as my own parents worked so hard but got so little to live by because they took a mortgage loan.

[JASPREET]

Keeping ourselves without any debt is the best mental state a person can have

[Uty Theo]

One of the greatest killers of wealth potential among young people today is debts, especially students loans. As much as we can, we should stay away from debts.

[King Belieal]

One of the greatest killers of wealth potential among young people today is debts, especially students loans. As much as we can, we should stay away from debts.

I know that sometimes, students loans can't be avoided. But here is my advice. If you aren't sure that going to school would give you a four figure job, don't take a students loan for it.

[Nsikan]

Avoid debts at all costs. The only debts you should take must be productive and profitable for you unless you are roping yourself in financial problems.

[OldGuy]

I vaguely remember taking out a car loan maybe 30 to 40 years ago but I really recall the pain of the monthly payments. I vowed then and there that I would always pay cash for every purchase from then on. If I don't have the cash, I really don't need the want.

I have never had a credit card and don't give a hoot about any credit score. I just never use credit and have lived debt free ever since that single car loan was paid off. The reason I was able to pay cash for my home was a surprise big gain in the stock market that provided enough to pay it off at the closing. I would not have made the purchase if I had to get a mortgage.

I'm debt free and plan to stay that way.

On the other hand, take a gander at the debt level of most Americans. I don't begin to understand how they can stand it.

The average debt in America is $59,580 across mortgages, auto loans, student loans, and credit cards.
Debt peaks between ages 40 and 49, and the average amount varies widely across the country.

Debt Level Of Most Americans
https://www.bing.com/news/search?q=Debt ... &FORM=EWRE

[Pistis]

One of the greatest gifts one can give to himself or herself is to live a life free of debts. That would help you to build a future that is not full of financial struggles for yourself and your family.

[JASPREET]

For that reason, I don't like to buy anything on debt or take help of anyone

[Nsikan]

The greatest legacy you can give to your kids is that they don't have any debts to pay after you are gone.

[Fidelia]

I know of kids who had to start life by paying debts owed NY their parents. That's starting at handicap.

[augusta]

Debt takes so much from people it's good to rid it and save money

[Vehlijanta]

If you are under debt then you need to pay interest too and this way you need to pay more than you owe and will affect you negatively

[Fidelia]

And the consolation that these serial debtors would give themselves is that no one can stay debts free which I always counter all the time. People can actually stay completely debt free.

[Uty Theo]

Anyone that is in huge debts can possibly not retire well. It is important to avoid debts for a good financial life.

[Tendz]

Being burdened with large debts can have a detrimental impact on one's ability to retire comfortably, that is true. When someone carry substantial debt, they often find themselves allocating a significant portion of their income towards debt repayment, leaving little room for saving and investing for retirement.

[Pistis]

Staying debts free is very important for your financial and mental wellness. And the easiest way to stay out of debts is by staying contented and making plans for your life.