5 Minutes Free Writing - Economy of Doom

Good morning all, doing my 5 minutes free writing with prompt - Economy of Doom. Hope you enjoy the story.

Source

I believe in our daily lives, we will have some moments where we have a shortfall financially and we would have taken a loan either from parents, siblings, friends or financial institutions.

But loan needs repayment, they are not gifts. Thus when we have loan debts of any amount, we must first establish a source of income and plan for repayment. But they must never be another loan, to serve loan with loan, that's the perfect formula for economy of doom.

Doing so will undoubtedly send you into a vicious cycle of stress and problem. To avoid this we must always plan for timely loan repayment.

Loans are common and it is okay to take up a loan so long there's plan for proper repayment.