Remember Brad Pitt as the young detective in Seven? He had to hunt a serial killer who murders people displaying any of the seven deadly sins.

Let's look at some financial sins. Here's your chance to check whether you are committing any.

Of course, no one will track you down if you do!

Sin 1. Living in debt and loving it

Take a home loan to buy a house. Then opt for a renovation loan to do it up.

Oh, and the personal loan to finance your holiday (after all, renovation is tiring).

Then take a car loan to buy yourself a four-wheeler (you have to get to work!).

And then revolve credit on your card.

Congratulations. You have landed yourself in a debt trap.

You now have to pay interest on every single payment you make on your card. And the interest amounts to around 30% per annum.

If this has been your philosophy, you might as well face it: you will never be a millionaire. All your savings will go into servicing your loans.

Get rid of all debt. NOW! And tear your credit card.

Text: Larissa Fernand
Illustrations: Uttam Ghosh