Money is a powerful thing but some people don't seem to get how that is possible as they only think of spending the money and if they don't have, find a way to borrow with the mind that they'll pay up when due. Collecting debts is done mostly by people who are expectant of some money which they couldn't wait for that so they borrow and stay positive about paying back.
What people who borrow can't seem to get is that, it is harder to pay back what they owe especially when what they expected isn't coming through for them. I've seen a case scenario where one borrowed money to lend another person, the story after the money was spent wasn't cool at all. The borrower who helped saw himself in prison, simply because the person he lend the money to refused to pay.
My main point is that, owing money or too much debt will cause a blockage in your journey to financial freedom as you'd be more focused on how to keep paying your debts but not have chances enough to build your wealth towards financial freedom. How do you become free at last? There's no ways about it, you've got to pay your debts, some people even go as far paying every debt they owe even though they will end up in nothing.
That way, they are sure to start building up again and own the money they make which they'll be able to build and become confident about their financial freedom. Taking loans isn't bad but it shouldn't be an habit and it shouldn't be too much to pay back, there's what they call money management which you should do to avoid taking some unnecessary loans.
So in a nutshell, avoid debts with all you got... Pay up your debts if you've fallen for it already, there's no need to try to avoid it... Find ways to be confident about your financial freedom, we all deserve a free life and we have to work towards that somehow.
Debts are Blockage in the sense that you will feel stuck at paying up more than building up, and this could take a much longer time for you to start thinking of how to pay it completely to start building. So it is much wiser when you learn to live without debts if it's possible.
Thanks for reading, your comments and support will be very much appreciated
This isn't a financial advice, do your own research