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
BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

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