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
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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