When to sell an Asset to pay a Debt?

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We’re very emotionally attached to things that we own, and we often call these things our assets. We are proud of our cars, and they have a useful function. We have dreams for the houses we are going build on the plots that we own.

We gauge our cultural wealth by how many cattle and goats we keep. However, we often have debts too – sometimes-big debts that cause us stress. Is it a wise choice that so many of us make to keep our assets whilst paying off our debts? Due to the emotional attachment, it’s a hard choice to consider selling items to pay down debts.  Sometimes, selling them won’t completely clear any of the major debts - why should we consider it if it won’t solve the full problem?

 

Editor's Comment
Be careful on the road this festive season

Over the past weekend in Greater Gaborone, four people tragically lost their lives in separate accidents, a stark reminder of how vulnerable we are on the roads, especially during this busy time of year.The accidents, which claimed the lives of three pedestrians and one driver, paint a grim picture of the dangers faced by everyone on the road, not just motorists but also pedestrians. In one case, a young man was fatally struck by a truck whilst...

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