« Do You Need Great Lakes Student Loans? | Main | Loans For College - What You Need To Know About Them »
Financial Freedom in Debt
By plrprousers | October 24, 2008
The latest global economic recession showed the power of almighty loan. That’s a great exaggeration but loans and mortgages galore is one of the most important reasons behind this recession. But that’s not what this post is about. The mindset that lead to this recession is.
A typical way of life in modern civilized society can be seen consisting of the following distinct stages. Starting in the pre-school and school stage, the innocent and not worth any attention for the discussion. Then the college. Ah yes, those wild days. And that is the critical stage in a person’s life because the decisions made now, have the greatest impact for the rest of one’s life. Sadly, as a rule of society that is when a person falls in debts. You see, it is not possible otherwise and for many indeed it is not. To study, you need a student loan, to get a car you need a car loan, to have a home you need mortgage. You can’t otherwise you say, yes, but that’s only the end result and let’s take a look at how it started.
I blame the mindset of then only budding loan society. You see, getting credits and loans has grown to be a reasonable way to so called financial freedom. And who cares, as long as you can put them away for tomorrow, you can be in debts for the next 50 years. That’s what it’s all about, after all, to put away the debts for tomorrow while reaping the benefits today. A loan for financial freedom — the paradox which unfortunately has grown into our blood. What kind of freedom is that?
The only answer is being cautious since the very beginning. If you’re already deep in debts, you’re a history, but you can teach your children and what way better than showing the right example. Stop taking loans just to fall even deeper in debts, cut your credit cards in half, give up your car and get a bike. Stop and think what your life has become since you took your loan for financial freedom, and don’t let your children make the same mistakes!
Tags:credit card,debt,education,loan,student loanRelated posts
Topics: General | No Comments »
No Comments
You must be logged in to post a comment.