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Understanding the 10 Levels of Debt: A Roadmap to Financial Freedom
Debt is often viewed in simplistic terms: you either have it or you don’t. However, a deeper exploration reveals that debt exists in varying levels, each influencing personal finance, lifestyle, and the degree of financial freedom. Based on extensive research from Alux, here’s a breakdown of the 10 levels of debt, showcasing how each tier can either constrain or liberate individuals on their financial journey.