This three letter word might prove dangerous especially for fresh employees

Graduates who are in the process of joining an organization for employment should be very cautious of this trap as the history stands as the evidence. Once, individuals progress through their journey in their career after two or three months, they might be influenced with forces that act from externally to make them assume that they are now capable of repaying loans as they got a stable job. This thought enables them to apply for a loan so that they can pay it on a monthly installments which is termed ‘EMI‘.

This actually misguides fresh employees by creating an illusion of enjoying the luxuries rather having thoughts about how is he going to save money to prepare himself for the future. You may think since you obtain a decent package you can apply for a loan so that you are capable of repaying it. But, let us believe that you pay your dues every month successfully. So, this luxury what you have tasted instigates you to go for one more loan. So, if you spend your young age that is full of energy and talent, wasting in repaying your dues, you will not be able to save money for people who depend on you. So, be money conscious when it comes to building your personal wealth.