How to Avoid Debt Traps: Smart Use of Loans and Insurance

How to Avoid Debt Traps: Smart Use of Loans and Insurance

What Is a Debt Trap? A debt trap happens when you borrow money but struggle to repay it. High-interest loans, missed payments, or borrowing without a plan often lead to this cycle. Once trapped, people end up taking new loans just to pay off old ones, which only makes the problem worse. Common causes of … Read more

Best Financial Planning Strategies with Insurance & Loans

Best Financial Planning Strategies with Insurance & Loans

Step-by-step financial plan using insurance + loans 1) Immediate safety net (0–3 months) 2) Risk management (ongoing) 3) Debt triage & management (1–12 months) 4) Use good debt to build (12+ months) 5) Protect & grow (ongoing) Smart loan-and-insurance pairings (practical combos) Behavioural & tactical rules to live by A simple sample allocation (early-career example) … Read more