(specific to personal finances) Any physical item that you purchase, in part, or entirely, with any form of debt, automatically means that you don’t actually own the product. You may have physical possession of the product. You may use the product. You may use up the product, wear it out, break it or lose it,Continue reading “It’s not your money (and it ain’t your stuff either)…”
Tag Archives: loan
WHEN BORROWING MONEY, WHETHER FROM A FRIEND, A RELATIVE, A LOAN SHARK, OR A BANK, MORE IMPORTANTLY THAN HOW MUCH CASH CAN WE GET ARE:
Realistically, how are we going to pay back the lender, IN FULL, AND ON TIME (preferably early)? How much interest will we incur? What changes will we have to make in our lives (and in the lives of the people around us) in order to pay back our obligations? How much emotional energy (stress, worry,Continue reading “WHEN BORROWING MONEY, WHETHER FROM A FRIEND, A RELATIVE, A LOAN SHARK, OR A BANK, MORE IMPORTANTLY THAN HOW MUCH CASH CAN WE GET ARE:”