When to sell an Asset to pay a Debt?

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We’re very emotionally attached to things that we own, and we often call these things our assets. We are proud of our cars, and they have a useful function. We have dreams for the houses we are going build on the plots that we own.

We gauge our cultural wealth by how many cattle and goats we keep. However, we often have debts too – sometimes-big debts that cause us stress. Is it a wise choice that so many of us make to keep our assets whilst paying off our debts? Due to the emotional attachment, it’s a hard choice to consider selling items to pay down debts.  Sometimes, selling them won’t completely clear any of the major debts - why should we consider it if it won’t solve the full problem?

 

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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