Taking on excessive debts early in life may compromise your goal of being financially successful.

Question

Quizplus · Accepted Answer

Accumulating excessive debts early in life can lead to financial stress and burden, which may prevent you from achieving your long-term financial goals, such as saving for retirement or buying a home. High levels of debt can also affect your credit score, making it harder to access loans and other financial products in the future. Therefore, managing debt responsibly from an early age is crucial for long-term financial success.

Taking on Excessive Debts Early in Life May Compromise Your