Bill Gates famously said, if you are born poor, it is not your fault, but if you die poor, it is. His famous words are often quoted on motivational forums, but the real question is: is it true? and How being poor can be more expensive?
We all know that if you fall under a certain level of poverty, it becomes more and more difficult to survive. It not only limits your capacity to provide for yourself and your family but having no money can also put barriers between you and the realization of those plans to alleviate you from your situation.
Banks become less and less cooperative and once the debt starts building up, it feels like it’s time to say goodbye to your own business, as it may as well take a lifetime to pay off those loans.
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