There are lot of facts involved in concluding the statement ” No to Loans!!!”
I have made one mistake : Took loan for my first car.. Thank GOD, I am able to pay back.. Now another 2 more years left.. I wish this will be my first and last loan…
I should have bought a car from the money that my money[real asset] makes and not from my hard earned money!!!
I will ensure that i will buy or build my house not by EMI
You can buy a house by emi. But , first one should be for resale and so make money out of resales.But this investment on housing should be well planned for timing to get maximum profit and location.