Category: Stanford Business School

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    My family’s financial stability has been shaken recently. We have always lived frugally, minding our income, but somehow we’ve accumulated a substantial amount of debt over a decade. We have two main sources of debt. The first is our home loan. My father is an employee in a well-established company and has been saving for years, but we were unable to keep up with the repayment. Therefore, the mortgage interest rate was increased. The second debt is for a car loan. We borrowed enough to buy

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    160 words I was walking in the market when I saw a young child with an old toy, a teddy bear, lying on the street. The toy was completely broken, and its cash was missing. But the child was looking at me expectantly, waiting for something. I felt like I was supposed to do something to save the toy from the kid, but somehow I didn’t know what. I felt guilty for not being there to help the little guy, and something inside me was screaming for the kid to have the cash