The crisis of the financial debt - analyzing the circumstances push people to fall under the debt cycle, part 1
Hello, I would Like to share with you a series of situations you might face in your life and drag you to a debt black hole.
it all starts from a nice car fantasy, or a small house, perhaps the new iPhone, the bottom line is it all starts from the moment of fantasizing about the things you think you miss.
the second ring in that chain is the plan you set up, and here I don't mean the plan will be bad or it's a low-quality plan, actually, the chances are higher if your plan is good and I'll tell you why in a second, but at some point, the moment when you are full of hope and trust that tomorrow is better, you'll do that mistake, and you will start to think about taking a bank loan, but you will be series about it, then you'll realize that the plan you have set is great actually, but it needs more time than you thought, at this point, you'll start losing your patience, and you'll consider the bank loan for real, you remember when I said the chances are higher if your plan actually good? well, the reason is this will generate the feeling that you'll be able to fulfill your obligations with the bank in the long term, while before having that good plan you were with no hope in a better financial situation in the short, middle, and the long term, as a result for that your strategic part in your subconscious has always excluded the idea of the loan.
so fantasize wisely and I hope you guys like this analysis and wish that I find encouraging replies to post part 2 of the circumstances.
Yours Yasser Alaa.
