Moneylovera Simplify Your Life Plan
Everyone need money. Some people use debt to fulfill their needs. There are 10 bad impacts of debt that you must contemplating this. To find out, please see the discussion below:
1. Make life unable to develop
The bad impact of debt on this still has something to do with the number 6 above. The more people we have, the harder it will be to figure out how to pay them on time.
We know that all economic needs are coming and will increase along with the prices of goods and basic necessities which are increasingly skyrocketing. Furthermore, what was previously unnecessary is now a vital need. For example, in the past no one needed credit, now credit is part of his life. In the past, people used electricity only to light their homes, but now they need it for refrigerators, rice cookers, air conditioners and others that make our lifestyle high.
Now in addition to the growing needs of life, if we still have a lot of debt it will be difficult for us. We should therefore be able to self-manage to better manage income and expenses in order not to go through a phase of terrible difficulty
2. Always pessimistic in action
Perhaps we often experience this when we are in debt to other people. We find it difficult to be confident in pursuing a career or developing the talents we have. Yes, of course, because the reason is that they still have debt, especially when they have a lot of debt. This will lower our motivation and enthusiasm to be able to move forward again.
Debt is why we feel ashamed to start our own business, we become reluctant to have a career, we become difficult to build trust in business relationships with other parties, who will eventually confuse us personally for the present and also for the future .
Furthermore, in social relationships, we also often see poor people who have a lot of debts to marginalize from the surrounding community, especially owners of rented houses, stalls where to buy basic necessities and more. If they cannot pay their debts even if they pile up everywhere, then they will be ashamed of themselves for the debts again, even if they still have nothing.
3. Mentally burdensome
Maybe the human being as a social being has also been in debt, including yourself. When you are stuck in money matters, you become doubtful and find it difficult to grow because of the debt.
Bad impacts of debt is we feel that someone is burden. It’s already fun to receive a monthly salary, we immediately frown because of the large amount of money from the salary we have to pay to cover all our debts.
Various mental changes and our lifestyle will change 360 degrees when we are in a state of a lot of debt. That’s because all he can think of is money and money to cover all debts. So our mentality will not be able to be free and live in peace and develop for the better in the future because we are already in an economic prison. Isn’t that right?
4. Life is not calm
The bad effects of debt on this one are sure to be felt by many, including you, right?
“Oops, tomorrow I want to pay my motorbike loan for this month, I don’t have money yet!”
“The debt at the shop has pile up, you haven’t paid for electricity, this morning there was a tax collector here, ouch, I’m dizzy”
Yes, those are words that are often said by debt owners. They feel that they are always being chase by debts that seem to be shackle. So even though they are just getting paid. They will not feel the true happiness of life. They actually feel more restless and uncomfortable when they just receive their monthly salary.
5. Having no goals
Debt with moneylenders with very high interest is the same as agreeing to be cheat or rob. Yes, that’s right, bad impacts of debt make you no goals because it will make us have to pay what should be ours, not someone else’s.
It’s the same as having no purpose in life. Want to build a business thinking about debt, want to have this and that remember the debt has not been paid. They want to pursue goals, know that he still has many dependents.
Eventually they will give up hope and try to achieve their goals. They choose to live an ordinary life as long as all debts can be paid off. And in the end, he’s the one who loses isn’t he? So stay away from debt, especially those that smell like usury.
6. Debt piled up
You know what it means to be in debt, right? Yes, that’s right, pile debt is debt that aims to dig a hole and close the hole. So bad impacts of debt is no end at all. The debt at the shop next door is finish. We are bill for this debt, we owe it to A. A’s debt must be paid, we pay it with a debt from B. Then it doesn’t stop. And if it is not paid, we ourselves will not be trust again if we want debt.
This pile-up debt will later be troublesome for us. Especially if the debt is the same as moneylenders, banks, Savings and Loans Cooperatives and so on that have interest, every time we make transactions we will feel disadvantage ourselves.
So to avoid this accumulate debt, apart from minimizing debt, we also don’t owe money to moneylenders, it’s a sin to lose anyway.
7. The more difficult the economy
The bad impact of debt on this still has something to do with the number 6 above. The more people we have, the harder it will be to figure out how to pay them on time.
We know that all economic needs are coming and will increase along with the prices of goods and basic necessities which are increasingly skyrocketing. Furthermore, what was previously unnecessary is now a vital need. For example, in the past no one needed credit, now credit is part of his life. In the past, people used electricity only to light their homes, but now they need it for refrigerators, rice cookers, air conditioners and others that make our lifestyle high.
Now in addition to the growing needs of life, if we still have a lot of debt it will be difficult for us. We should therefore be able to self-manage to better manage income and expenses in order not to go through a phase of terrible difficulty.
8. Bad impact of debt at managing your own economy
The greater the value of our debt to others, the more we have a weak ability to manage our own economy. That bad impacts of debt because our positive thoughts, which usually regulate this, are being block by bad mental states so that we can’t think positively and make better decisions.
This will later worsen the economic conditions we have. Especially if our monthly salary is equivalent to the UMR or not up to 10 million. Because there is a study that says that the lowest standard of living that makes a person feel prosperous is if he earns at least 13 million per month or around US $ 1000.
So if we haven’t been able to earn $1000/month but we already have a lot of debt, let alone to fulfill luxurious needs, it will make it difficult for our own economy in the future.
9. Think of it as extra funds
The bad impacts of being in debt for us is that the debt that we have to pay in installments every month to the party that is reduce + the existing interest becomes our funds that we have to spend.
Even though we both need to know that this debt is money that is not includ in additional funds in an economic calculation. Debt is debt and it must be repaid.
So if you think that debt is additional funds, then you are wrong and trap in a misunderstanding. Because the funds that we took earlier, belong to someone else, there were other people’s rights there, so it should not be consider as additional funds. If you think of it as extra funds, it will have a bad effect on you and your business in the end.
10. Doesn’t solve the problem but hides the problem
The last bad impacts of debt is not solving problems and increasing the welfare of life. But hiding problems and increasing the burden of life. Because I have said in the discussion above, that debt will make the current problem complete but there will be more problems later.
With debt we may be able to make the difficulties we feel will subside. But that is only temporary, because it will only divert our difficulties at a later time with more difficulties.
That means right now it’s possible to hide the problem. But eventually the problem will arise again and we can’t think whether it’s the same as the current predicament or even bigger. And if the problem grows bigger, we’re the ones who are bother, aren’t we?
Conclusion
What do you think about it ?. After knowing the ten types of negative impacts of debt above for ourselves and our business. Of course we will be a little scared and will not try to borrow money from anyone. Especially to the wrong person.
If we want to develop a business, we are managing well. We should think twice or discuss it with various parties. This can ensure that your business doesn’t lose money one day.
Overcoming the problems that have already spread due to debt is indeed difficult, we cannot solve it easily. So, think carefully before you get into debt …
So much discussion about the negative effects of debt this time around. We hope it will be useful for all of us. Greetings….
