I was buried in debts. And I still owe good debts from some friends and relatives that I promise to pay soon. 😛
But here’s the thing: I don’t create new bad debts.
I just wonder how some friends and relatives earning no more than Php15k a month can afford to go to Singapore or Palawan (as evidenced by their latest photos in social sites) and afterwards borrow from other friends who themselves have never been to such places in their whole life. Piso fare, perhaps?
What would you feel if a minimum-earning neighbor play Zombie games on his iPad as you pass by their house while you, YOU who have been itching to have one soon but just couldn’t for now? Because you just paid all your debts and you still want to grow your savings by investing.
So you wanna splurge on unnecessary expenses and live above your means again? Here’s some advice for you.
How To Get Buried in Debts
1) Don’t budget. Don’t make a list of all your periodic and regular expenses. You will just waste paper and pen ink. Just continue borrowing.
2) Avoid earning more. Be content with your current job. Avoid opportunities to earn passive income. Don’t use your talent or core gifts. Be sentimental: Don’t sell your old valuable belongings. Bringing in more cash will just give you more headache.
3) Shop anything you want. Don’t look at price tags. You will look poor if you do. Don’t use discount coupons or deal cards. You will look cheap. And don’t forget to use all your credit cards.
4) Buy NOW what you can buy in the future. It’s better to have the thing you love now while others still don’t have it.
5) Spend all your bonuses and salary increments. So what’s the reason you were given a raise, a tax refund, or a bonus at work? So you can have extra money to spend. Nothing else. Don’t save and invest. You will not enjoy tomorrow what you can enjoy now. Needs and wants don’t have that much difference.
6) Never mind your debt-repayment schedule. Others do automatic debt payment systems. That’s just too ugly for your spending plans. Don’t make additional debt payments every time you have extra cash. You can postpone anytime, anyway. You’re just too rich to pay the interest.
7) Forget about long-term goals. God will take care of you.
Prepare to be poor forever.
Do you have other suggestions on how to continue being in debt? Post your comments below.
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Photo credit: Bank Cards, Wikimedia Commons
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