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Dont Dig Your Own Pit
If you want to enjoy your life out of spending, enjoy if you
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 you don't have any money or resources it shows 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 you
think?
You will get ready to apply for some loan and buy that
house.
As such you have decided and applied for a loan.
The loan has also been sanctioned.
Next you will ask the engineer to construct the house with in
the sanction of loan.
But the Engineer on seeing the plan will say "Sir, you are
constructing house once in your life,
Why such a low budget house, we can increase slightly your
plan sir, it won't cost much only some increase in your normal
budget, he will tempt you.
By that time you will also have some Himalayan courage, and
think why can't we adjust that 10% increase, we can adjust that
10% increase by obtaining loan from our relatives, and you give
consent to the engineer's suggestion.
The Engineer begins 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 due to the increase in the cost of
materials, I fear whether it is possible to complete the House
what we have already planned.
But you are in the dream that the house should be constructed
at any cost.
What you will do. The next thing before you will be some bank
balances available in your savings account 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 becomes ready finally. On seeing the house raised
beautifully you will forget where you got the money.
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.
You can get easy resources to fill up the shortfall, because
you are working in a company. Companies are ready to give you
credit on the basis of your salary slip.
You are also ready to get credit from another company to fill
up the deficit.
Now you are ready to close the small debt pit, and begin to
dig another debt pit, which will be deeper than the first
pit.
The same deficit pressure mounts after some time. Again you
are prepared to obtain loan with some other 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 pit, 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 will be very difficult to fill it up
from any source.
So the ultimate choice before you will be to dispose off the
house to fill up the deep pit.
You have also made up your mind to sell the house.
Then you have also made arrangements to dispose off the
house.
One buyer came forward to buy the house. Even though the rate
offered by him is not as expected by you, you have to get the
money and fill it up the debt pit finally remaining before
you.
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.
With the proceeds realized out of selling the house, you have
settled most of the debt.
So what happened to your dream of having house?
You have lost all your savings, jewels, and other resources
and still have some 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 after another and
finally it let you with a deep pit.
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
one's own resources. We can enjoy life but not on obtaining
debt.
We have to increase our resources and then think about
enjoying the amenities.
Author's bio:
Krishnan C, was formerly working in a State Government
Corporation in India.
He is now writing articles mostly on motivational topics. He
has written many articles on parenting, children, health
practices, etc., His articles are being published in many
Internet sites.
Please visit his homepage to view more articles: http://www.tncity.biz/article.html
MORE RESOURCES:
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