Since you are entering a new phase in your life, the last thing you need to do is to be carrying past obligations into your new future.
If you’re planning to start a new business, paying down debt can be a critical first step in securing the success of your venture. Debt represents lingering obligations from previous financial transactions. Since you are entering a new phase in your life, the last thing you need to do is to be carrying those obligations into your new future.
Source: 5 Reasons Paying Down Debt Is a Critical First Step for New Entrepreneurs
5 Reasons Paying Down Debt Is a Critical First Step for New Entrepreneurs
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