How does debt impact financial freedom?

Debt can have a significant impact on achieving financial freedom because it can create a financial burden that prevents an individual from reaching their goals. Highinterest debt, such as credit card debt or personal loans, can quickly accumulate and become difficult to pay off. This can limit the amount of money available for saving and investing, making it challenging to build wealth over time. Additionally, debt can lead to stress, anxiety, and uncertainty about the future, which can further impede progress towards financial freedom. Therefore, it's important to manage debt wisely and prioritize paying off highinterest debt as soon as possible to achieve financial freedom.