have your own resources and money.
But don't enjoy your life by becoming a debtor to somebody.
Of course in the modern world, there are many ways and
means, which force you to become a debtor.
Attractive advertisements in the satellite TV force you to
become a debtor. It tempts you to buy the modern amenities
at any cost.
Even though if you don't have any money or resources it show
you many resources for obtaining credit to buy that product.
But you must think thousand times before becoming a debtor.
In today's world credit is the easily available commodity.
Numerous companies are waiting to pull you in their trap.
They are competing severely to pull you in their trap.
But you must be careful to entangle in that trap.
In spite of this caution if you are prepared to enjoy, then
you won't get any pleasure, but you will lose your peace of
mind.
Let us discuss about the common desire of everybody. It is
natural that every body wants to have their own house. It is
a reasonable desire.
But the desire can be attained if you have enough money on
your own to buy the house.
If you are an executive working in a company what will be
your thinking?
You will ready to apply for some loan and buy that house.
You have decided and applied for a loan also and the loan
has also been sanctioned.
You will ask the engineer to construct the house with in the
sanction of loan.
The Engineer on seeing the plan will say "Sir, you are
constructing house once in your lifetime, why such a low
budget house, we can increase slightly your plan sir, it
won't cost much only a 10% increase in your normal budget"
he will tempt you.
By that time you will also have some Himalayan courage, and
think why we can't adjust that 10% increase, ok we can
adjust that 10% increase by obtaining loan from our
relatives, and you give consent to the engineer's
suggestion.
The Engineer will begin to build your house. The house is
also going to be completed soon and only some finishing work
is there.
You ask your engineer 'when can I take possession of the
house', sir?
The engineer will politely tell you, Sir, there is a small
problem, the problem is there is a sudden increase in the
cost of materials, so I fear whether it is possible to
complete the building what we have already planned.
But you are in the dream that the house should be
constructed at any cost. So you don't bother about the
resource to complete the house and prepared to arrange for
the money required for completing the house.
What you will do. The next thing before you will be some
bank balances available out of your savings and the jewels
of your wife or your children.
So your savings, jewels will all go from you and fill the
cashbox of another businessmen.
Your house will become ready finally. On seeing the house
raised beautifully you forgot all the sources where the
money came from to complete the house.
You will forget about the loan you obtained from your
company.
You will forget about the loan you obtained from your
relatives.
You will forget about the erosion of your savings and
jewels.
All these will come to your remembrance only when the
company commences their recovery for the loan you obtained.
All these will come to your remembrance only when your
relatives need the money they paid.
All these will come to your remembrance when you don't have
enough money in your savings account for your urgent
requirement.
Then your mind will think about the resource to fill up the
deficit in the family budget, the loan to repay to your
relatives and for your urgent requirement.
You will get easy resource to fill up this deficit, because
you are working in a company, getting regular salary, higher
salary. Companies are ready to give credit.
You are also ready to get credit from another company to
fill up the deficit.
So you are ready to close the small debt pit, and begin to
dig another debt pit, which is little more in size than the
first pit.
The same deficit pressure mounts after some time. Again you
are prepared to obtain loan from another company.
Now you dig another debt pit, which is more than the size of
first and second debt pit.
Like this you will go on digging pit after closing the
earlier pit to overcome your deficit.
Finally at one stage when you see the remaining pit, it will
look like a deep pit, which you cannot fill it up from any
source.
So the ultimate choice before you will be to dispose off the
house and fill up the huge pit finally stands before you.
You have also made arrangements to dispose off the house.
One person came forward to buy the house. Even though the
rate offered by him is not as expected by you, you have no
other option except to get the money and fill it up the debt
pit.
The house was finally sold off and you got the money. But
while working out the amount you have to settle to your
debtors, you need some more money.
However with the proceeds realized out of selling the house,
you have settled most of the debt and still keep some
portion of the debt.
You have lost all your savings, jewels, and other resources
and still you have to settle more debts?
Where all of your money has gone?
It is no secret, most part of your debt were for the
interest.
The interest made you to close one pit and dig another pit
and finally you was let with a big pit with most part of the
pit were for interest.
This is a common plight of most of the families especially
in the middle class peoples.
The reason is due to their mental capability to enjoy all
modern amenities without knowing their economic capability.
Enjoying the life is absolutely necessary but it should be
from our own resources. We can enjoy the life but not on
obtaining debt.
We have to increase our resources to enjoy the life. We
should find out the opportunities to increase our resources
and then think about enjoying the amenities.
0 comments:
Post a Comment