True or False: Avoiding debt can lead to financial freedom and hope.

Avoiding debt can indeed lead to financial freedom and hope because it allows individuals to manage their finances more effectively and makes it easier to save for future goals. When a person is not burdened by debt, they have more disposable income that can be allocated towards savings, investments, and experiences that contribute to overall well-being.

Additionally, living without debt generally reduces financial stress and anxiety, contributing to a greater sense of security and peace of mind. This can foster a positive outlook on personal finances and life in general. By avoiding debt, individuals can build a strong financial foundation that empowers them to make choices aligned with their long-term goals and aspirations.

While various factors such as individual circumstances may influence one’s ability to reach financial freedom, the premise that avoiding debt creates a pathway to financial independence remains compelling and widely applicable.