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far in debt

Debt is a Four-Letter Word

The author highlights the negative connotation of the term ‘debt’, emphasizing that it is a difficult burden that one owes to their future self. Noted financial expert, Preet Banerjee echoed this sentiment in a presentation. Numerous people are likely unaware of the substantial impact that a quadrupling prime rate might have on them, especially with the current low interest rates. The author also encourages readers to anticipate potential increases in mortgage interest rates and consider the levels of consumer debt.

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