Borrowing, when managed wisely, can facilitate opportunities for growth, investment, and financial stability.
It allows us to access resources we may not have immediately, enabling us to pursue goals, make investments, and manage unexpected expenses.
However, borrowing can quickly transform from a beneficial tool to a financial catastrophe if not managed wisely.
Excessive borrowing beyond our repayment capacity can lead to a cycle of debt accumulation, escalating interest costs, and financial instability.
Therefore, while borrowing offers avenues for growth and opportunity, it demands careful consideration, discipline, and responsible financial management to avoid potential pitfalls and ensure sustainable financial well-being.
