Quote from: fauzan Ichsan on Today at 02:57:16 AM

Quote from: uswa56 on June 19, 2024, 11:58:10 PM

Quote from: lepbagong on June 19, 2024, 03:02:35 PM

It is not unusual anymore that there is a situation where is all -round technology, the use of credit cards is very advanced and massively used. They are right, as you say it's better to use other parties' money than your own. But if they are wise, then they will pay in full all the loans that have been made so as not to be exposed to interest, but those who are not wise to use them will actually be increasingly wrapped in the debt that continues to grow.
If smart and intelligent, he will use the facility for purposes that are indeed useful and not actually destroy his life.

Before someone decides to take out a loan, of course they must first have a clear plan with the money they are lending and after they take out the loan they can use it for things that can benefit them, such as developing a business that is already running well, but if they take loans are only for their lifestyle, of course this will be very troublesome for them when they cannot pay off the loans they took out and instead they have to sell the goods they bought with the money they lent.

When going into debt, of course we have to be able to use it for things that we really need and don't let the loan we take get us into trouble because we can't pay it off, of course this will put us in trouble that we should be able to avoid.

If we are going to take out a loan, of course we take into account that the money will be used for business or for personal use. If it is used for business, then there is the possibility for it to grow and develop, but if it is to cover a lifestyle, then we just have to wait for the time of collapse. In fact, when we borrow money for business, we have to be able to minimize expenses, we have to be careful so that the money is used right on target for business development.

This is what differentiates the mindset of rich people, middle class people and poor people when it comes to debt. What is very visible is the way they owe. If rich people are in debt, they take it into account, they go into debt so they can make more money (become productive). Middle class people are in debt to fulfill their daily lives (consumptive). And poor people go into debt to pay more debts (digging holes and filling holes).

Rich people go into debt for the sake of business because they believe that going into debt is a way to add additional income, but it does not rule out the possibility of adding a new business, which in essence means they go into debt so that the money works for them.

If a middle class person goes into debt for a lifestyle, even though he is in business, the goal is so that he has the lifestyle he wants. What I mean is this, usually rich people get into debt for business, middle class people get into debt because of their lifestyle, poor people get into debt to pay off debts. Although not everyone is like this, this mostly happens in everyday life. Debt is actually good if we have the skills to manage it, but if we don't have the skills then debt will have a bad impact on our finances in the future.