Debt Is Bad

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Debt is simply money that is owed, and it can be very dangerous to get into. Many people, even rich people can go into massive amounts of debt and be nearly unable to escape it and get all of their money paid back. Debt can include things like loans for credit cards and other things, such as loans taken out to pay for things that current cash reserves can’t pay for. A lot of celebrities have gone into debt, and I will be explaining one celebrity’s debt; Kanye West. On February 13th Kanye announced that he was approximately $53 million in personal debt.
The news was delivered on his Twitter where he made multiple tweets in which he somewhat vaguely explained the situation. He mainly blames the debt on issues with being successful in the fashion

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