Since we are young we are taught to “certain” things cannot be purchased otherwise than with credit. For many years I too thought that. My apartment is being paid with mortgage payment each month where only 10% to capital. The remaining 90% of the money that a monthly payment is interest.
Navigating the depths of the bowels of credit, you realize that credit is through the money generated. Explain: the bank has only 1% of the money it lends. This means that for every $ 10 you pay the bank $ 9 NO (yet). People working and paying their debts “produces” that $ 9.
The biggest lie is that one cannot generate the money to buy X or Y. If this is true, how come we end up paying much more than the X or Y they cost?.
For example, recently someone close to me got into a loan from those banks that offer (no card). The loan was for $ 50,000. The person it took like 2 years to pay off and you know how much you paid in total? $ 80.000! This means that the person did have the ability to generate the $ 50,000 + $ 30,000. It is unfortunate that the $ 30,000 the bank gave them.
One makes money by working. Those extra $ 30,000 he received the banks did this person. Suddenly, “from nothing” (apparently).
If our parents (and parents of our parents) taught us that money we do, that managing it can accomplish great things with our resources from small, could, at age 35 to buy an apartment or a house without credit. Because we would clear the cost of borrowing, we would clear those we who have the ability to make money and save it. If you look good, cash buying is not a dream if we start from 15 or 18 years (when we have our early work) to set that goal. Never mind that the first depart is 30m2. Could. As with order and save cash can buy a car or a television or anything that we propose.
How come we do not have money to buy cash, but we have lots to give to the bank?. Think about it, and you will see that although they look very “utopian” or “pulled” my post and my idea of great things you can buy without credit, it makes sense.
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