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Debt can cause uncertainty. Whether it’s national or personal, short-term or long-term, debt rarely carries good connotations. However, being in debt doesn’t have to be permanent. With discipline and good management, it’s possible to get yourself back on solid financial ground.
Some may see taking out a loan as free money — funds that allow you to purchase what you want when you want it, with no immediate consequences. However, debt can quickly spiral out of control and have a lasting impact on your financial well-being.