Before a loan is taken, read this pieces.

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 Before a loan is taken, 

read this pieces. 

D E B T &  L O A N

BY:: SANNI COCKER MONDAY.  

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According to Advanced Dictionary offline, "Debt" is state of owning something. (especially money).


What i discovered this 21st century was that some people are 

 creating rooms for debtors


Different means of laon firms, both at large and small, but the misery behind that is you are forced to take such loan by situations, can you resist? I doubt, if faced with an urgents situation that requires money to solve.


And taking such loan at first place is with assured faces of paying back but to some inner mind they are sure they didn't have any plans of paying back.


Debt is general condition that even affects most big organizations and Nations. 


There was a slogan among individual that want to go into  blind debt.

 Here is the slogan: "Even government owes" by mentioning this word their mind is strong to fly into uncalculated and blind debts. 


Most human being is Victim of debt but few people has control over their debt Status.


Debt is a risk but when taking the risk, make sure you Take calculated one.


The outcome of taking a loan without paying back leads to unstable mind, embarrassment on the highest order and if not lucky facing  law enforcement officers.


Saving of money sometimes, anyhow small it will reduce landing in debt and shame.


I discovered that ability to save money is an habit. when the habit is possessed or learned, then automatically you have full control over debts. Or you live a debt free life. 


know type of debt to get yourself involved, either blind debts or helpful debts.


MY RESEARCH IN  WUSE MARKET.


Wuse market is a popular Market in the heart of Abuja, Nigeria. I embarked on reaserch to get some facts on debt.

 

I realized there are helpful debts and blind debts.

I met one Mr Eze paul in his shop, when I introduced myself and my vision, he joyfully gave me his attention.

What a handsome man. 


When asked, what he sense and maybe the cause of debts, he answered my questions with  Beautiful story. 


He Said : 


"In the year 2009, i had an idea to get my personal shop in Abuja. But what I had with me was just #250,000, (687.35 dollars).


How much will I get a shop? And how much will i stock the shop? 

This are questions that keep bothering my mind. 


I went to our family head to get a loan from our family savings.


That loan turned debt on me but the debt didn't worry me so much because i used it for something That will reduplicate the money in months."


Mr. Eze  loan and debt story Is what i called "helpful debt" because it was well planned and calculated. 


A loan that was been used to purchase TV set, Home theatre  (home speaking system), Fridge and other things that will not serves as source of income. 


While paying back  such loan with your single income, there  Maybe stoppage in meeting the timeframe to payback the loan.  


I called such loan a blind debt. 


A debt free life is lived by few who are guided by strong financial principles and principles of life. 


A debt can turn you "focus-less", "vision-less" and hopeless. 


Have a strong reasons for loan and go for helpful debts not a blind debt. 


I love you all ❤


#SANNI_COCKER_MONDAY

#artificial_intelligence_view_round

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