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A collection of things I sometimes write about. Comments? Questions? Get in touch

Dealing with Debt

August 4, 2018

The best way to deal with debt is to have none of it. 

  

In a world where loan opportunities and credit cards are offered every time you so much as sneeze, and where borrowing money is made incredibly easy and normal, it’s difficult to not be in debt. After all, who wouldn’t take up the offer of using someone else’s money to buy cool things and only having to pay just ~10-20 bucks a month for it? 

 

 

Free Money

 

The sad truth is this: Free money is never free. And when something is too good to be true, it always means there is a price to pay, if not now, then somewhere down the road, for sure. 

 

Here's what happens when you buy something on credit or loan: you kickstart a relationship with something called Interest. 

 

It’s an unhealthy relationship, where for every dollar you take, Interest demands one dollar and 20 cents back. And for every day that you fail to pay back, the amount grows and grows, until suddenly, the $1000 you borrowed once upon a time to buy a sound system has ballooned into $3500.

 

Interest only ever appe