01/04/2015
WHY DO PEOPLE GET INTO HUGE DEBTS?
There are reason why an individual or family get into heavy debt.
Let me tell you a story and I hope that this will give us a lesson in our Financial Life.
ANG MUKHANG MAYAMAN
To most people Judy is a picture of success. She is an executive of a big company and earn 100,000 monthly just like her husband. Malaki ang kanilang bahay sa isang class na subdivision,
Maraming nagagandahang sasakyan, magagarang damit, at naninilaw na parang may hepatitis
Sa dami ng ginto sa katawan; in short mayaman ang dating. Ang hindi alam ng marami baon sa utang si Judy! Her three credit card are maxed out with a total balance of 300,000. They are also
Paying huge sums for their car and housing loan which amount to several millions. Judy and her husband are in serious financial trouble despite their big salaries because they choose to live a luxurious life; gusto kasi nilang ipakita sa mga tao na may kaya sila! Ayaw nilang mamuhay ng simple dahil ayaw nilang isipin ng iba, lalo na sa mga tauhan ni Judy, na “poor” siya. If she doesn’t change her attitude, I’m afraid she will live the rest of her life in debt; at di magtatagal
Matatapos din ang kanyang Pagkukunwari.
LESSON:
Poor management of your hard earn money- gambling, smoking, excessive drinking, Doing drugs, and Buying a lot of things with little value-can also get you into serious financial trouble .
To crawl out of a Debt hole you will have to break the habit of overspending and use your money wisely.