Debt Logic
Many years ago, then as a supplementary card holder, i was an avid user. I would credit the heavy usage as a new enthusiastic user, partly peer pressure, somewhat commercial temptations and other unspoken reasons. Every month, i will never fail to skip any possibility to accrue the bills. Simply, i do not have any money sense and i would term it as insensible transactions. Come month end, i will be notified by the main holder on my outstanding payable. Occassionally, as an irresponsible user, i will play delay tactics resulting the latter to fund the payment first. Somehow, ultimately, so blessed, i managed to settle my insensible expenditures each time.
Eventually when i found my own ability to promote myself to a principle card holder. It was a jolly good news that the former main holder welcome. I realised, its a shitty affair - to view the past transactions, to be accountable for my past actions, to be on time for payment…
A page from a magazine put me in deep reflection and I’ve learnt the experience from my past mistakes.
“If you charge today’s expense on a credit card, you’re using tomorrow’s salary to pay for it. And if you’re using a future income to repay a debt, then you can’t invest it for future wealth. The smartest way to improve your finances?
CLEAR ALL EXISTING DEBTS & START ON A CLEAN SLATE”
I made it!
