in life and debt

You should really really be very careful with your money.

For a person like me, who belongs to a community below poverty line, money is really important. I remembered this a class in CL122 under Prof. De Veyra and we discussed a lot about economics. Kind of weird huh? A Criticism Class talking about economics, but then we realize that for us to understand a certain literary piece, we must learn the state of the economy within the text.

Along with the things I’ve learned under Kiyosaki’s Rich Dad, Poor Dad, I started to widen my view towards money and its importance. I have the impression that businessmen treat money as tokens or casino chips in their deals. It’s not exactly gambling but using your brain effectively towards business.

I learned that debt is not necessarily bad. Rich Dad, Poor Dad suggested to loan for capital in your business deal. What you earn, you don’t pay to your debt. Instead, you use the profit to start another business! The cash continues to flow to your account. Buy a lot of assets first! Pay your debts later. Debts should not be your priority.

Of course if you need help in consolidating debts, just to understand more about it, there’s actually debt consolidation online. This site I know of has been offering free debt consolidation program since 1997.

I’m not really an expert in business and loans and debts but I guess it’s better if we know a lot about these things. It wouldn’t hurt to be ready for our future transactions.

Tags: assets, business, debt, debt consolidation online, Kiyosaki, loan, money, rich dad