It is better to be poor during the earlier part of life than to experience bankruptcy at the dawn or latter years of one’s life, right? I think it is always better to start from zero and end in ten than to experience a downfall in finances. Living a life of a pauper in the beginning and ending up as a prince or princess is better than experiencing the other way around.
That will be traumatic. That will take a whole lot of adjustment in terms of social, economical and psychological aspects of life.
That, however, can be prevented. If one will just live beneath one’s means or finances, life will be better off. Ironically, how does one learn how to live beneath one’s means? How does one control impulses to buy and buy and spend some more? How tempting can material acquisition can be most of the time, right? Everyday heavy marketing and advertisements are bombarded to all consumers to different media sometimes, before one knows it, debts have accumulated and financial mismanagement happens.
Debt Management, however, is always available online these days. This will help people avoid bankruptcy. This will help many people from sinking deep into total bankruptcy.
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