Millioniare or not a millionaire. Seems successful or not but CAN be in debt. The wealthier, the more toys, hobbies, homes, etc... but also maybe in debt. Normal income, home, car, etc.... still maybe in debt. We all live based on debt and owing to banks, unlike the middle east. In the middle east, they aren't allowed to borrow money. It's against their religion or country laws. Curious, how many people actually live without boroughing money from the bank? I'm sure precentage wise, it's extremely low. Do you agree?
Millioniare or not a millionaire. Seems successful or not but CAN be in debt.
The wealthier, the more toys, hobbies, homes, etc... but also maybe in debt.
Normal income, home, car, etc.... still maybe in debt.
We all live based on debt and owing to banks, unlike the middle east.
In the middle east, they aren't allowed to borrow money. It's against their religion or country laws.
Curious, how many people actually live without boroughing money from the bank? I'm sure precentage wise, it's extremely low. Do you agree?
I'd say that is some good advice. Now just imagine, you work hard, save your money and finally have a large nest egg. You retire at 62 to enjoy life...then you watch as the US government prints money giving your savings less buying power. That is what is happening today...not to mention a artificial bubble created by the Fed. Just some thoughts.
Quoting Justsimplicity:
Hi I think the idea to owe any one is slavery. I learned early in life from my dad. He told me to watchout for what I desire in life and how to obtain it. People get into debts for various reasons but to get in debt because of caerless spending more than we can afford is destruvtive.
One question we should ask ourselves is "if someone can comfortably live in a budegt half or less than half of what I currently spend why can't I? I lived in the streets for four years. Since I was not used to selling drugs or stealing I learned to survive with what I had in hand. That is the best lesson I learn in the streets. When I got married and left the streets my spouse earned ten times more than me but she was constantly broke and in debt while I had none. Reason? I do not buy what I do not need and I do not spend what I cannot afford.
To start my company I had to save money for years. I refused building a credit history beacuse I beleived I will not need one. Though this hurt me down the line it is easy to fix. When I registered my company my banker advised me to start building my credit by securing secured personal and business credit cads. Basically what I spend is what I put in in the card.
My company is a promising company and I do not have any debts and I do not expect to have any soon. However it is a good idea to use borrowed money for your business if you have set aside money to payback every time you spend. Extravagant spending destroys relationships, businesses and more. You will exploit, blame and hate others for your financial wes if you are indebted as a result of careles spending.
Quoting Justsimplicity:
Hi I think the idea to owe any one is slavery. I learned early in life from my dad. He told me to watchout for what I desire in life and how to obtain it. People get into debts for various reasons but to get in debt because of caerless spending more than we can afford is destruvtive.
One question we should ask ourselves is "if someone can comfortably live in a budegt half or less than half of what I currently spend why can't I? I lived in the streets for four years. Since I was not used to selling drugs or stealing I learned to survive with what I had in hand. That is the best lesson I learn in the streets. When I got married and left the streets my spouse earned ten times more than me but she was constantly broke and in debt while I had none. Reason? I do not buy what I do not need and I do not spend what I cannot afford.
To start my company I had to save money for years. I refused building a credit history beacuse I beleived I will not need one. Though this hurt me down the line it is easy to fix. When I registered my company my banker advised me to start building my credit by securing secured personal and business credit cads. Basically what I spend is what I put in in the card.
My company is a promising company and I do not have any debts and I do not expect to have any soon. However it is a good idea to use borrowed money for your business if you have set aside money to payback every time you spend. Extravagant spending destroys relationships, businesses and more. You will exploit, blame and hate others for your financial wes if you are indebted as a result of careles spending.
I'd say that is some good advice. Now just imagine, you work hard, save your money and finally have a large nest egg. You retire at 62 to enjoy life...then you watch as the US government prints money giving your savings less buying power. That is what is happening today...not to mention a artificial bubble created by the Fed. Just some thoughts.
Hi I think the idea to owe any one is slavery. I learned early in life from my dad. He told me to watchout for what I desire in life and how to obtain it. People get into debts for various reasons but to get in debt because of caerless spending more than we can afford is destruvtive.
One question we should ask ourselves is "if someone can comfortably live in a budegt half or less than half of what I currently spend why can't I? I lived in the streets for four years. Since I was not used to selling drugs or stealing I learned to survive with what I had in hand. That is the best lesson I learn in the streets. When I got married and left the streets my spouse earned ten times more than me but she was constantly broke and in debt while I had none. Reason? I do not buy what I do not need and I do not spend what I cannot afford.
To start my company I had to save money for years. I refused building a credit history beacuse I beleived I will not need one. Though this hurt me down the line it is easy to fix. When I registered my company my banker advised me to start building my credit by securing secured personal and business credit cads. Basically what I spend is what I put in in the card.
My company is a promising company and I do not have any debts and I do not expect to have any soon. However it is a good idea to use borrowed money for your business if you have set aside money to payback every time you spend. Extravagant spending destroys relationships, businesses and more. You will exploit, blame and hate others for your financial wes if you are indebted as a result of careles spending.
Hi I think the idea to owe any one is slavery. I learned early in life from my dad. He told me to watchout for what I desire in life and how to obtain it. People get into debts for various reasons but to get in debt because of caerless spending more than we can afford is destruvtive.
One question we should ask ourselves is "if someone can comfortably live in a budegt half or less than half of what I currently spend why can't I? I lived in the streets for four years. Since I was not used to selling drugs or stealing I learned to survive with what I had in hand. That is the best lesson I learn in the streets. When I got married and left the streets my spouse earned ten times more than me but she was constantly broke and in debt while I had none. Reason? I do not buy what I do not need and I do not spend what I cannot afford.
To start my company I had to save money for years. I refused building a credit history beacuse I beleived I will not need one. Though this hurt me down the line it is easy to fix. When I registered my company my banker advised me to start building my credit by securing secured personal and business credit cads. Basically what I spend is what I put in in the card.
My company is a promising company and I do not have any debts and I do not expect to have any soon. However it is a good idea to use borrowed money for your business if you have set aside money to payback every time you spend. Extravagant spending destroys relationships, businesses and more. You will exploit, blame and hate others for your financial wes if you are indebted as a result of careles spending.
Welcome to the blogs and I hope there is no hard feeling between you and I. I thought I'd answer your question, as it is a good one.
I personally have no debt. If I don't have the money to buy something then I just don't buy it until I save up the money. Of course I do have a credit card but make sure I pay it off each month. I can't imagine having to pay such a huge interest rate. (just like burning money) For me a credit card is a necessity as I use it to buy online for my business...thus saving money plus taxes.
Sometimes debt can be used in a positive way and if managed correctly can be utilized in a way to allow one to enjoy something now rather than later. In business debt can be used as a tool to make investment that would otherwise be unavailable to people (companies) if they had to pay cash. I'm sure even the ultra wealthy use debt, especially those that have acquired their wealth through business.
I personally do not like paying interest and I have enough to pay for most things I want and need. (I tend to want a lot, but have to ask myself do I really need it) But I believe debt is fine as long as it's managed well and plans are made to pay it off in the not to distant future...Unlike the US government.
One last thing, debt has allowed people to look as if they have more and are more successful than they really are. How many women out there have fallen for a man because he appears to be successful, but come to find out he owes for everything? And YES, I agree with you that the percentage of people that are NOT in debt is extremely low.
Hello StunningYetShy76,
Welcome to the blogs and I hope there is no hard feeling between you and I. I thought I'd answer your question, as it is a good one.
I personally have no debt. If I don't have the money to buy something then I just don't buy it until I save up the money. Of course I do have a credit card but make sure I pay it off each month. I can't imagine having to pay such a huge interest rate. (just like burning money) For me a credit card is a necessity as I use it to buy online for my business...thus saving money plus taxes.
Sometimes debt can be used in a positive way and if managed correctly can be utilized in a way to allow one to enjoy something now rather than later. In business debt can be used as a tool to make investment that would otherwise be unavailable to people (companies) if they had to pay cash. I'm sure even the ultra wealthy use debt, especially those that have acquired their wealth through business.
I personally do not like paying interest and I have enough to pay for most things I want and need. (I tend to want a lot, but have to ask myself do I really need it) But I believe debt is fine as long as it's managed well and plans are made to pay it off in the not to distant future...Unlike the US government.
One last thing, debt has allowed people to look as if they have more and are more successful than they really are. How many women out there have fallen for a man because he appears to be successful, but come to find out he owes for everything? And YES, I agree with you that the percentage of people that are NOT in debt is extremely low.
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