Freedom from debt. To not owe anyone anything is not being beholden to them and there is something about that in the human psyche that plagues deep down within or rewards. It could be linked to keeping ones word of honor which if you go back in time was the most important value one person could give another and it self-satisfies as well
RESPONSE-ABILITY
The answer to handling this before it handles you is to know what it is and is like to be a good steward of anything. From there, you can grow, reach out and experiment but with caution. At all times, we want to be able to respond to whatever comes our way. Work up to this and it will answer to you
OATH
Not keeping your promise is a deep, down pulling on ones inner nature that causes stress and in some cases organ failure of all types all before their appointed times. That's how important it is to pay your way and as a result, be glad in it. Remember: Anything of value required/requires an oath
OATH DEFINED: A solemn (serious) promise regarding ones future action or behavior
GRUBSTAKE
Asking for a grubstake to get started is not a new concept either. This goes way back in time as well. Giving anything to anybody so they can start the journey of independence is a good investment in your fellow man, family or friend.
BORROWING HOME LOAN MONEY
I believe that borrowing money as in financing a home is in line with a persons abilities providing one does not get in over their head and can complete the transaction to its finish. There was a time when you would hear frequently about mortgage burning parties but not anymore. It was a big deal to pay-off debt. It didn't hurt either that you now lived mortgage free too
SHORT or LONG TERM
When one is living in a home with a mortgage on it and agrees to pay monthly for the privilege of the loan and does so, this system works well too. Today, it takes a little longer to accomplish and other distractions pop-up on the way. It is a long term tool yet it can be paid off anytime via a sale
BUY THIS OR THAT or THE OTHER
Remember: This is America where we have built a society and a system based on HAVE NOW & PAY LATER. The thing is, it doesn't take much persuasion to jump on board and take advantage of an offering of leverage so that you can live a better quality of life. But herein lies the catch
THOU SHALL & SHALL NOT...
You have to pay back, come hell or high-water, what you agreed to & that means it is not over until it is. Biblically speaking, a man was not intended to have debt that goes past seven years to pay-off. It was part of the equation when loaning someone money. Lender & borrower used it as a risk assessment tool
FAILURE IS AS FAILURE DOES
On this last major sub-prime fiasco, many defaulted on their homes. For those that did, the pain was not limited to the financial realms. NO. They failed to keep their word and they felt it deep down within. Not everyone takes it to heart but that is the concept and core of it. Its there & it hurts believe it or not
EMBARRASSMENT WITH FRESH START
To offset life's wild cards, acts of God and acts of man, the bankruptcy laws were created to be able to give one a fresh start or you would/could never hear from them again. To some, it was a huge humiliation to be kept hidden from all that you went bankrupt. To others, it was a Godsend
OH WELL MOVE-ON
To others, it was a tool of business and a way of starting over. However, we cannot forget but still forgive that someone took a loss and the laws favored that loss taking place. That is why investors while making good amounts of returns must also face the inevitable possibility that you can lose too!
SAVE UNTIL READY
The systems to purchase, that existed decades ago perhaps centuries ago were simple. A person would save their money and when it reached a certain amount, then they would activate the first dream on the list or the one they could afford & pay for it. Out of every income, you learn to put something away
FREE MONEY START
Today, lending is a thriving business and it tries to capture everyone by playing the numbers game. You may win a lot and you may lose a lot and big institutions are set-up to do that. Offering someone who just turned 18 a credit card is where it starts but doesn't end there
WHATS A JOB?
Giving young students free money to attend college works very well in the moment and accomplishes its goals but the payback part doesn't work consistently. Why? The systems have too many loose ends. For one thing, what if there are not any jobs? How can you pay back? What's the plan?
I WILL PAY YOU
For another, what if an emergency comes up and funds are needed for that? Health-care, helping a loved one and prioritizing all kick-in to help or hinder depending on the economy at the time. I have no trouble believing that if everyone had a job, they would be more responsible or able to respond better
BEAST OF BURDEN SOME DEBT IS
To have debt is a burden that some handle better than others. One thing that affects us all is that too much debt can harm you, rob you and slowly kill you off way before fatigue sets in. You suffer mentally, emotionally and psychological long before you actually crash & burn.
END ON THIS NOTE (pun)
Work smarter not harder. Learn how to use money and not let it use you. Watch the temptation, greed and the ease of getting in over your head and refuse to let it have its way with you but instead, you have your way. I never met anyone who saved their money and then spent it feeling bad for doing so
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