Hello People!

Let's talk about Loans! Do you think of loans as support or as a burden?
How many loans do you currently own?

For me, I have a house loan in my name right now, a car loan in my husband's name which is going to end very soon, and had an education loan previously.
My take on loans - Loans are good when taken to build an asset but a burden when taken to build a liability. I consider my car loan and house loan as a burden since it's not giving me any value, just eating my earnings each day.

But my education loan gave me an MBA degree in return which helped me get a good job and build my career. And that's what I consider my greatest asset. Hence I call that support.