🤔 To Borrow or Not to Borrow?

Welcome to the 70th edition of ፍራንክ Digest!

Your weekly brief on all things Finance and Investing. Quick, enjoyable reads for busy professionals in 5 minutes or less.

Here’s what’s coming your way:

• 🚣 Debt: Making It Work For You

• 🤝 Kenya and Ethiopia Trade Track for Stack

• 🖼️ Big Picture

Thanks for reading!

Truth About Debt: Good, Bad or Just Misunderstood?

Personal Finance

Let’s be honest: most of us have hit that point in life where the bank balance says “nope,” but life says “you need this now.” Whether it’s fixing your car, paying for your kid’s school or investing in that side hustle you’ve been dreaming about.

But before you go knocking on your bank, MFI or neighborhood እድር, take a beat. Here’s the deal with debt, it’s not always bad. In fact, it can be a smart financial tool if you know how to use it wisely. Think of it like fire: great for cooking, terrible if you burn down your house 🔥

Step One: Know Your Numbers

First, let’s talk budget. Before taking a loan, figure out exactly how much you need and how much you can realistically repay each week or month. And don’t forget life’s little surprises like medical bills, car trouble or that ሰፈር ልጅ who ambushes you on your way out.

Then ask yourself: