Here is my opinion on loans. It is not the opinion of whom we call “expert financial advisers” or “debt consultants” but for many, it is an opinion of the simple truth. The truth about loans is that you should not need one. If you do need a loan, you are not on the right path in life. Debt is not a good feeling. People get loans in desperation or greed or lack of sensibility. If you cannot afford something that you feel you need or want, then you should not want those things, you should want more money. However, you should not want to borrow money, you should be concentrating on how you make that money for yourself.

Now, many will agree there are a very few loans that are actually worth getting. For instance, student loans (more…)