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
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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