Money - Wealth Creation Guide by Phillip Seanego

Money - Wealth Creation Guide by Phillip Seanego

Author:Phillip Seanego [Seanego, Phillip]
Language: eng
Format: epub
Publisher: Reach Publishers
Published: 2013-02-11T05:00:00+00:00


Debt

One of the big hold-backs when it comes to pursuing your dream life is that people are coerced into debt by different circumstances, as a way of being able to get the things today they wouldn’t afford to get for cash, and pay for them later. It makes it difficult to grow when you have debts because it reduces the chances of growth in your life. It is a problem of patience; waiting for your time to afford things or saving towards the things you want to acquire. All this requires patience and people fall into debt simply because of the lack of patience and a plan for life.

Today it is the norm to buy things on credit to the point that if you tell people otherwise it might be harder for them to accept or agree. But you need to know that debt also causes lack and a lot of unhappiness because it denies people their natural desire to grow. It is becoming increasingly stranger to hear someone saying that they are saving for a house. Many people don’t believe they can do that; you don’t believe that you can have enough money to buy that house for cash, you don’t believe that you can be successful, and you don’t believe in yourself. You might as well stop reading right here, as you will not succeed if you don’t believe you can.

When you believe you can save for a house, you wouldn’t mind staying in a one-roomed house until that happens, but if you believe that you won’t be able to save that money, and that it will take you a lifetime to achieve, you are wrong. Paying up a house bond will take you a lifetime and puts you at risk of losing it if you lose your job, but saving and investing your money for a house makes it easier and faster to achieve your goal without any risks. It is also cheaper to buy for cash, as there is no interest to pay that comes with debt.

I am not being hard on people who have taken out house bonds. I know a lot of people purchase high-cost possessions through debt, but you must know that there is a better way, and to have an advantage with your newly desired success you must first work on paying off the debts, unless you know you can manage changing careers without losing your bond, which is not always the case for a lot of people.

They get to be stuck in jobs they don’t like just because of debts, and you know that if you resign or you can’t manage to pay the bank back, they take everything. That is why I say this is building your house on quicksand. You must strive to stay away from debt. Be a cash, not a credit, person. It is great to be debt free; it makes it easy to change things around if you feel you don’t like your career anymore or anything about your life.



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