Debt Breakthrough: the Debt of All Beings in the World

This book is an urban realistic group portrait novel and a documentary literature on financial law popularization. In life, everyone will inevitably reach the lowest point. In today's fast-paced world, excessive consumption, blind lending, favor guarantees, investment traps, financial routines, and pension scams are everywhere. Many people are not lazy, greedy, or depraved in nature. They just lack the most basic financial knowledge, do not understand the rules, and are unaware of the risks. They fall into debt step by step due to negligence, credulity, or favor. This book records multiple life stories that truly reflect reality, spanning four complete life stages: college students, young people in the workplace, middle-aged family breadwinners, and senior citizens. From the ignorance of campus loans in youth, to those who have just entered the society with loans to support them; from the risks of business turnover to support their families, to the financial scams of stable pensions in their later years; some people bear debts due to vanity, some take responsibility for others because of kindness, some fall into traps due to ignorance, and some are unable to breathe due to heavy pressure. Each story tells how ordinary people are trapped in debt, how they do not give up on themselves under heavy pressure, and how they rely on sobriety, self-discipline, law-abiding and self-improvement to step out of the abyss and rebuild their lives. In addition to the story, at the end of each article, there are straightforward and easy-to-understand financial risk warnings, common sense on how to avoid debt pitfalls, and legal ways to get out of trouble. It does not talk about obscure theories or use professional terminology, but only dismantles the traps hidden in online loans, credit cards, guaranteed loans, real estate mortgages, pension fraud, and routine installments one by one, telling the world: Debt is not terrible, ignorance is terrible; desperate situations are not terrible, escape is terrible. Debt is never the end of life, and you can still come back when you get lost.