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Interest Rates Going Up? What it Means for You

Borrowing is perhaps the greatest form of leverage in both personal and business wealth building. Indeed, it has been proven that you can never become substantially rich using your own money. However, borrowing has become a pricey affair as witnessed with the interest rate revisions in our banking sector.

In this high interest rate environment, the mind goes into overdrive and we begin to seek ways to cope with heavier repayment obligations. It is however critical that we understand the reasons behind the current environment.

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