Owing someone money is a big drag on your life. A chain keeping you from financial freedom. Even loans from financial institutions can feel like a big ball and chain.
Loans are a necessary part of life if you want to purchase big items such as a car or a home.How many people have $250,000 laying around when they want to buy a house? Loans allow us to make big purchase items. The trade off is paying interest on these loans for many years to come.
While loans may be necessary, you should want to pay them off as quickly as possible. Here are a couple of tips on how you can break away from the bonds of an I. O. U.
Most car loans are 3-6 years long. Lower these