The Debt Dilemma: Truth About Living Debt-Free Vs Taking on Loans

Sometimes I wonder if It would be a smart decision to just continue doing that 9 to 5 or just live on the debts instead, which would be worse? To live as a hero or die as a monster if you don't repay that debt you'll eventually be known as the monster

While you'd be known as a hero if you die working on a job that's been paying your bills and all. there are literally so many books talking about living on debts is much more better but is it even true?

Like practically it can't be possible to entirely live on the debts and where you're going to get it from?

The Gov won't give you loan

I've been against taking loan or being under debt from past couple of years and living a life with no debt and paying, clearing all those bills on due time.

But it's not adding up anything to my saving at all cause that's being drained by the rents I'm paying, groceries I'm getting and bills.

Can it be solved or fixed if I just take the loan from government? With no interest rate or anything like that?

it is like no-brainer decision to take as much as loan as possible from Government or anyone giving with no interest

I'm scared of that interest rate thing otherwise I'd have taken a big loan, built a home and would be living in a much better situation

Explored internet and found something interesting from government

So there's this loan scheme where you can get loan with zero interest rate

But only for businesses like if you want to setup a startup than you can get funded by government itself

And pay them off in 5 year time through installments which is legit amazing

But there's also loans for those who don't have home and are making average income

Like government is trying to finance people and get them the house they're dreaming for

Kinda want to apply for it myself but I need to do more before that first.

Is Debt Free life a better choice?

I can honestly tell you it is better and worse at the same time sometimes like it is all fine and great as long as their liquid amount is available in your bank

But as soon as two or three bills pile up and the new paycheck arrives you'll be fucked up and wondering where it's all gone

It is annoying when you run out of money, I'd rather take loans from government with no interest and keep on saving my own money and invest it over and over again

The whole bills and rent should be like paid off by the loan you're taking from gov or banks with zero interest

That way you can own asset or house and other stuff otherwise it's just that you'll remain poor no matter if you spend an entire life doing 9 to 5.

But nevermind it's not even possible to take loan more than once? I kinda want to try it and will go for it once I find my way and later I'll share how it goes.

For now I wonder what's your thoughts like is it better to live on debts? Do share your thoughts in the comments.

fin.