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No cash in bank. This sound gathers more curious to the readers. And this is TRUE.
Sometimes the largest and the biggest institutions like Bank, Insurance company etc. ran out of cash. Even these institutions borrow money to balance the nation’s economy.
THINK!! If banks borrow money for an economically balanced nation, then why an individual like us hesitate to borrow money.
BUT WAIT!
If the borrowing is done recklessly / carelessly / without any calculated risk then the lender (from whom you borrow) may put you in trouble legally/illegally.
For all those queries about
- Debt
- Is debt good or bad?
- How to manage debt?
- How to calculate debt?
- How to come out of debt trap?
….and many more with real life examples are covered in this e-book.
More precisely this book will help the readers when to take loan, how to take loan for your startup. It teaches to maintain balancing your expenses and avoid borrowing.
It distinguishes the basic difference between a good debt and a bad debt with proper examples.
Detailing of the Archimedes quote about the debt with the real-life examples. Sometimes borrowing is profitable!! Is also explained. On another perspective borrowing may ruined you!! Is also detailed with the examples.
Ways to come out of debt trap are also explained.
But remember, debt or loan are also a vital part for a successful entrepreneur.
Hope the readers will enjoy this book.
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