I have heard many people say that the best way to stay debt-free is to stay away from anything related to finances. I even find it quite extreme to link business with debt, as if the two complement each other and cannot exist without each other. I think many of us have taken on debt at some point, but that does not mean we should conclude that it is not worth investing and working on a project.
Many people have started out with debt or a small "loan" to get them started, and then been able to pay it off with the same job. Would it be wrong to apply this strategy? It's an interesting question because it has worked for many people, so it can't be that bad. So, what is the key or the difference? It all starts with planning and the discipline to stick to a budget, a foundation, and an organization that has an immediate effect so that the debt does not extend beyond what it should.
You also have to be objective and reasonable when taking on debt, so that it doesn't become a monster that grows so big over time that you can't get rid of it. Some people prefer to take on debt in several stages rather than all at once, which could exceed our means and lead us to become practically enslaved to a perceived necessity. Debts never come suddenly, as if they fell from the sky, as long as we do not have a tendency to take on several debts at once.
That would be a very serious mistake. Believing that you have to take on another debt to pay off an existing one would be a very dangerous step, as it could sink you faster than you think. Many have gone further and created a kind of "debt chain" that ends up greatly affecting the business and also the person's reputation. With this, we could make a name for ourselves, but not for good, but for bad, and that would become a kind of magnet that would attract many negative things that could undermine any effort and sacrifice we make to stay afloat with our work.
Talking about debt can cause insecurity, fear, and a certain apprehension toward anything involving money and business, whether you owe money or are owed money. The response time to these kinds of circumstances is also a factor to consider, and the shorter the gap, the less damage it could cause to the project you want to carry out. Even in an emergency, a debt could arise, but if we are loyal and responsible, we will know that the best course of action is to settle the accounts as soon as possible. Having a debt is not the end of the world, and we may even be able to cultivate a sense of commitment and responsibility from experiences like these that make us better people and more skilled workers in the field.
Image links:
https://share.google/Ut4U8LoZ4GLIGQEJr
https://share.google/MD7zaC9oFbesAor2c
Translator : DeepL
Thank you for valuing this publication with your time and attention.
See you soon.
