Mika
VIP Contributor
Financial freedom means you do not have to worry about money to pay your bills, you have enough money to enjoy your life, and you have money for financial emergencies. All of these things can happen only when you are debt free. Timely debt repayment alleviates you from the burden of late fees and penalties, which results in surplus money for savings and investment. Consistent debt payment allows you to build up your wealth through investment and even business. Paying off debt is a critical step toward achieving financial security and pursuing financial goals. Therefore, if you want to become financially free, you need to start with debt management.
