Taking out loans can result in relinquishing one’s economic autonomy and property rights to others, causing psychological distress. Accumulating debt signifies a substantial loss of control over one’s finances, leading to dependency on lenders and greater vulnerability in times of hardship. Therefore, relying solely on net assets for handling all financial matters is more ideal. Avoiding loans can contribute to maintaining financial stability and individual economic autonomy.
When you are surrounded by loans means you are not different from a person caved in slave. Thanks for sharing.