Good evening, everyone! ^_^
I always wonder, in this world, why people do like to be in debt.
I could understand if the one need borrows money, but why do rich people also like to be in debt?
Once, I had an opportunity to interview a rich woman. :D I asked, "You're capable enough in everything. Why do you like to be in debt?". She answered, "This debt encourages me to work harder....(to pay for debts)"
This answer really tickled my ear... lol
Is it comfortable to think about debts while sleeping at night, for years....?
To me, being truly rich is when you don't have any debts and you can share so many things to others, including smile and knowledge. ^_^
So, what about you? Do you wish to live with or without debts? :)
Thank you so much for your time.
Happy weekend! ^_^
Replies
Dear Saba,
I'm glad that we are in the same boat. I'm not sure if 'greedy' and 'abuse' are the proper words. I hope she will realize and stop one day.
Thanks a lot for your precious reply. :)
Nice topic!
You are right, being truly rich is when you don't have any debts and you can share so many things to others, including smile and knowledge. That woman is greedy and likes to abuse others.
Dear Svitlana,
Thank you for sharing your view, dear. I don't know much how people in Ukraine live. I'm sorry to know that. Sure, if one cannot avoid that, then life must go on. It's not a big deal as long as we can reach happiness inside. At the end, I think everyone aims to have a better life in the future.
You're welcome and thanks for sharing your experience with us. :)
You are welcome, Dear Onee!
Dear Nadira,
Yes, Ma'am. I agree that 'horrible' is the appropriate word for the case I mean. Even if we are in need (not urgent/critical), some people think it is better to enjoy life without a debt.
So many thanks for sharing your precious opinion, Ma'am. ^_^
Yup, Mishaikh. For some reason and some circumstances, people need to get a loan. And, it is better if we can get a loan from relatives, not a bank. Glad to know that you're healthy now. Hope so.
I don't agree if people should get a loan for dowry. It's a pity to know that.
Yeah, that's what I mean, Mishaikh. Many great bussinessmen do that, though not all. That's why, just like in a drama. :D. Once they had a big problem, everything is ruined. This is also a common thing.
So, in my humble opinion, it is better to use their own financial capital or make a cooperation to improve the business. It reduces worst thing happen in the future and they don't need part of the profit to pay for the debt.
So many thanks for sharing your comprehensive view. :)
Onee businessmen are very clever. They do not use their own resources (at least major part of it) to run a business. They establish their business solely on banks' loan shoulder, earn, get their share pay back instalment of bank loan, it goes on and on. In case of disaster, they declare themselves bankrupt. Banks takes back everything which is already their. The businessman moves on for new venture.
I am talking about clever businessmen. Others become the victim of banks' interest trap. Once I was in an engineering industry. They took a loan for some machinery, paid back double the amount, still they had to pay pack more than double the amount when they got bankrupt because of the compound interest and inflation.
lol....Mishaikh. What's the profit for both of them then? One sounds like doing it for fun, another one was getting trapped.
Thank you for sharing great stories on this discussion. ^^
Dear Onee,
I hate debts too.
But life is not easy nowadays. In Ukraine it is impossible to live without debts. Otherwise you can spend all your life for saving money and you will be able to achieve your goals at old age only. We have to take mortgage and loans to have comfortable life and raise our kids. Maybe this is our nature to go ahead and always srive for more.
Thank you, dear, for interesting discussion.
To be in debt is horrible life is short and one should not be remembered beyond the grave for the over dues
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