Life Lessons – Vers 17 – Loans

These days, we all get tons of phone calls. And we all must be annoyed with that kind of particular calls.

Sir we are offering you a special easy loan with cheapest interest on market based on your credit score. You can avail this loan in simple steps

That was horrible, This is the Satan calls you to hell putting a red carpet and angels on both sides waving palm leaves. Never fall for it.

Loans is a miracle, It will make a person who works for passion into a person who works like a loyal dog. This is true, if not one of you reading this, i see millions of people works hard like a slave just to clear of their loans. There is this line i remember and got it from google, with the help of google.

The borrower is servant to the lender – Proverbs 22:7

These lines are so true. The borrower is a servant to the lender, isn’t it? Try reading bible.

Ever imagined a life without loans? No commitments, Just to pay the house rent, one can work elsewhere and clear their house rent and live a peaceful life eating simple things they like.

But here comes the Greed. He /she just plays in someone’s mind and brain wash them to buy stuff on monthly EMI’s. Once the monthly EMI is cleared, a confidence builds up, there they go for yearly EMI. After few years they go for a long term EMI with 25 or 35 years of tenure. They never think back, what if there is a job crisis in the middle of their life journey.

EMI – Easy monthly instalment. Only Easy is the word that is here “Easy” from “E”MI. But EMI’s were never easy. Believe me, i also have EMI for next one year. And i am eagerly waiting for the day to close that. Greed is one of a reason, when i wanted to something in full cash, the offer made me to buy in EMI. And look where i am, i can’t lose my job not even for a month. i am stuck. Just like one in the millions.

Here comes my favourite quote i did again google today.

“If you think nobody cares if you’re alive, try missing a couple of car payments” – Earl Wilson

Never ever take loans, always spend something as a cash or from your debit card. Forget the Credit cards. There is nothing free in this world, one way or the other you will end up paying them one day. “Loans are injurious to mental and physical health”. I don’t know why nobody is putting this lines everywhere, This is the basic that every living being on this planet needs to know now. They all think and work like they get money all the time. Yes you get money, but all the time? You will never know the future, so stop being too optimistic when it comes to money.

Another favourite quote from googleπŸ™„ Hope you don’t mind, i happen to google a lot for this 😁

The decision to go into debt alters the course condition of your life, you no longer own it, You are owned – Dave Ramsey.

Hope you get my point with the above mentioned single quote. You want to live a life that you own it? Or you want life that owns you? Choose wisely.

Have a beautiful day ✨

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24 thoughts on “Life Lessons – Vers 17 – Loans

  1. Very well stated Simon!
    You want to live a life that you own it? Or you want life that owns you?
    I couldn’t have said it better!
    I was never a fan of loans or any other debts! I spend whatever I have and I can, if I don’t have o don’t spend! Period! 😊
    But unfortunately I know a lot of people that don’t know to limit their spending to what they afford and they become slaves of the banks…
    Great posts Simon! I hope people will read it and choose wisely!
    Have a wonderful weekend! πŸ€—

    Liked by 2 people

  2. Thanks for your time reading Ribanaβœ¨πŸ€— This is awesome being not a fan of loans. Whenever i see people cursing me about their jobs and not in a position to quit just because of their loan commitments. Here most people take house loans and commit themselves for minimum 25 years which is really shocking. Yes, i wish more people read this and throw out their credit cards and close the loans. Have a beautiful weekend you too βœ¨πŸ’

    Liked by 1 person

  3. Thanks Manoj for reading and your time to share your views. We think alike πŸ˜‰ it’s better to always do something with cash and stay cool without any mental issues.

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  4. We can afford and wait for things which don’t require huge amount but for something like a house we need a big amount and we can’t wait for years to accumulate that much money, it’s when we have to take a loan.

    Liked by 1 person

  5. Money spent for homes are wasted too…unless are not for rent and guarantee you an income 😊 but yes, people like to commit themselves for all these material things…is very difficult to do something while you are tied to a loan!
    πŸ€—

    Liked by 1 person

  6. I agree, it’s a smart plan though, they need a back up for sure, like when couples work, even when one falls sick or loses job, there is still another salary to pay the debts, or if someone is getting paid High, they can make as Much saving as they could and pay in advance to reduce the tenure of loan. I say people don’t think forward and work is the problem. Thanks for your views again βœ¨πŸ€—

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  7. Very good Simon! I agree with you on this for sure. I have a loan that I’m paying off now and won’t be too much longer to get rid of that one, then it’s no more for me. They make it so easy to go into debt now and people don’t think how much that debt is costing, interest rates are high so that “good deal” ends up not so good in the end. Only thing i would say is buying a house is different, it can be looked at as an investment. Over here at least it’s better to buy a house than rent, it’s cheaper. My brother bought a house, his mortgage, property tax and insurance together is cheaper than my rent. And he can sell that house anytime and make money on it, which means he has lived there free. All I’m doing is filling someone else’s bank account. Unfortunately I have no choice at the moment. Here in Canada people owe $1.75 for each dollar they earn. How do they live like that? But they still keep going more into debt, it’s crazy. Great post Simon, I wish more people would stay out of debt. But basically we want to keep up with friends/neighbors, so people go into debt to do it. Have a great evening Simon!πŸ˜πŸ˜Ίβ›„πŸŽ„

    Liked by 1 person

  8. Well said Steve! Thanks for your time, and humbly thanks you for your valuable feedback. Well pointed out! Buying a house is an investment indeed, but buying without a backup for EMI, not smart. And one more thing, i should’ve added these points πŸ€” we people go into debt because we need to keep up with others, exactly a point I should’ve mentioned here. thanks for that Steve! Always love your comments ✨πŸ₯° Thanks for stopping by, and glad you liked my post βœ¨πŸ€—πŸ’Have a beautiful Friday and Happy Weekend βœ¨πŸ€—

    Liked by 1 person

  9. Yes indeed, a backup plan is always important, even for people who rent. If a single person loses their job, then they can’t pay the mortgage/rent. It’s smart to have the equivalent of at least 6 months income saved so if something happens, it gives lots of time to find a different job, even if it means moving to a different town/city. At least the person has the funds to live for a while and doesn’t get kicked out on the street for not paying their rent.
    Yes indeed Simon, great post and something people really need to think about, but most people, especially young people don’t want to think ahead like that and they just keep going further into debt, so sad. Have a wonderful weekend Simon!πŸ˜€πŸ˜€πŸ˜Έβ›„β›„πŸŽ„

    Liked by 1 person

  10. For many years, I used to pat myself for good financial management. Then things slipped. A few wrong decisions here and there, and then getting into loans. Well, life is hellish. The sword of that pending loan (or loans)is something that can take a lot of joys away.
    And then, other folks think as to why we do not seem happy?
    Well, I do dream of a day when I would be debt-free. Yet it would need a long and hard struggle.
    May be I can learn to live with things and still try to be happy.

    Liked by 2 people

  11. We offer flexible and easy loan which affordable and stress free no need to extra work your self, because one of the major challenge customer are facing is the loan interest rate and method of calculation. However what EASY CAPITAL LOAN INVESTMENT dose for you, is to help our client to reduce the rate of deduction from the primary loan administrator while our client benefit from the government support to CAPITAL INVESTMENT COMPANY

    Liked by 1 person

  12. Loans? Did you read the post? For real? And posting this for πŸ€”πŸ™„πŸ€ͺ You got skills and guts. Respect that. Find a better blog dear blogger βœ¨πŸ€—

    Like

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