You may not realize what a credit card bill is doing for you...
Bob is a 27-year-old truck driver. One year later he dropped out of school and found a job. With hard work and good luck, he earned about $35,000 a year. Bob is keen to exempt debt. He promoted his old car from high school until he was able to pay cash for the new car. He rented a cheap apartment until he saved a considerable amount of money on his house. Even during the thin month, he firmly refused to set up a credit card balance that he could not pay off at the end of this month.
At the age of 27, he decided to be tired of his job and wanted to change direction. By living in his own way and without debt, Bob has enough money to take a break from the bank, find a part-time job, and then return to school. He will soon have his own business - and nothing will stop him.
Now see John. John is 40 years old and is with his company's senior management. His salary is more than double that of Bob, but his outlook on life is different. John never feared debt - as long as he was able to pay the bills, he would think he was fine. He has a very nice house, a brand new $40,000 car, lots of new sports and entertainment equipment, and travel on vacation. And he completed it all with credit. Before he could afford it, John lived this lifestyle. Now, he is almost hired - his credit card has been cleared, his house is double mortgaged, and despite his high income, he lacks a way of life, peace of mind, freedom, and Bob's chances.
Externally, anyone who sees both will think that John is a greater success. But the fact is that John is trapped. He may be tired of his job. He may want to do something else. He may wish he could spend more time with his family than at work, or have a business investment he wants to pursue. However, before he got the money, he spent his money and now he is paying the price.
Most of us believe that the key to "financial freedom" is to make a lot of money, but we see from two examples that this is only part of the equation. The other part is lifestyle management and debt relief or debt removal. If we wisely plan, live up to debt, and control our desires beyond our ability to withstand, we can enjoy a lot of financial independence and have the money to spend on what we really want to have and do, even if Very modest income.
But for most of us, this information comes too late. Anybody buried in debt will agree that it is best to never fall into debt. But this does not help much now. What we need now is to help solve everything we do.
No debt. If you have debt to withdraw. Do not purchase loans, declare bankruptcy or register for credit counseling services, which may damage your credit. Instead, regardless of your current situation, do your homework and educate yourself on the steps you can take to restore a sound financial foundation.
[ad_2]
Orignal From: Debt and Your Dreams
No comments:
Post a Comment