Understanding Debt - The Basics

Debt can have serious negative side-effects that influence your entire life.

What you'll learn
Explore your own debt
Refinance a mortgage
How to control high interest debt
How to start saving

Requirements
No previous experience needed
Open mindedness is required
Desire to improve your knowledge of debts

Description
Chances are good you have some sort of debt.

Unfortunately, though, without a proper understanding of debt, you can quickly dig yourself into a deep, unending financial hole.

This course will explain the key features of any loan and the types of debt that you should be aware of. It will also explain the benefits and pitfalls of debt, and offer advice on how to get yourself out of debt.

The words ‘debt’ and ‘loan’ are essentially the same, and we use them interchangeably.

Basically, a loan is a specific amount one borrows from another party, and debt is the total amount of loans one has outstanding.

Debt is used by both individuals and corporations as a way of making big purchases which they cannot afford under ordinary circumstances – purchases they can't finance upfront.

Debt is stressful. When you have high levels of debt, there’s a very good chance that you don’t want to think about it at all.

For some people, that means avoiding opening bills and not looking at statements. However, while out of sight means out of mind, this behavior doesn’t help you pay off your debt.

So, in this course, let's discuss debt in more detail.

I wish you happy learning!

Who this course is for:
Anyone who needs to understand basics of finance and budgeting
Anyone looking to get out of debt or build wealth
Anyone who wants to relieve stress with good personal financial management

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