Loans ๐คฏ๐ฐ
Namaskar / Hello to all hive users, who will reach this post. I hope you are doing great and having fun in your life and enjoying it with your loved ones.
The loan is like a big burden for the middle-class family ๐ and it is really a necessary part of everyone's life here. If you don't have a stable income we do have a take a loan from person to person based upon the amount and the need. Even if you do have a stable job it doesn't matter how much you earn in the end it seems to be not enough. And that is the reality of life and most of us are very well aware of that. Maybe we haven't reached the correct way to earn or spend our money most of us are used to spending the money we do earn on expensive products most of the time to show off and sometimes to compare with others. what do you do? do you spend money or invest it? ๐
If you dont have enough money to earn bread for your family for the entire month then we do have to take a loan from a known source at the workplace and sometimes from relatives for sure. I do think workplace friends are really easy to approach for sure.
Those who are single and those who don't smoke or drink and they don't even have a girlfriend ๐ [like me]. yes, seriously I do give loans to my fellow friends for a short period of time, and yes without any interest and panelty. Sometimes I do think I should take some just kidding. we should help those who really need money for emergency uses not those who are begging for drinks. (my personal opinion ๐)
You know what I do give loans to others and last month I have taken a small loan from one of my fellow friends and guess what he is not married too but he has girlfriends ๐.
Most middle-class family members spend their entire lifetime paying the interest and loan amount. I do feel sad that we do earn money by the hard work for the entire month and have to pay interest from that that is really the sad part that I do think. Banks are ready to give us loans by showing us many schemes and do tell the half-truth about that half but we do know after the loan will start. ๐
The banks don't increase interest rates on the saving, RD, FD, and Mutual funds but do increase the rate of the loans from time to time and do make us look like a fool ๐. Maybe the 0.1% looks like a small amount to us but slowly it di make a big difference and imagine how much banks do earn from the 0.1%.
Thanks to credit cards and EMI they do make things easier for us but not all the time. There are always hidden charges included on each thing we do use. we do know about that when we have to pay the bills. Did you get a call from the credit card companies?
Or from banks who do offer you loans? what do you think about how they do know about your financial conditions even though you don't have an account in their bank?
What do you think about the loan system do you think this is good?
Thanks a lot for staying till the end ๐๐, let me know what you think.
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few posts from my past that might be helpful for you.
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Thanks & Regards
@bhattg
-----Together we will make this a better place-----
Before the hyperinflation that settled in my country, I used to take loans to buy tools or take courses and qualify myself better as a technician, so for me the loans were a great support and I appreciate it, thanks to them I was able to greatly expand my field of action .
On the other hand, if I agree with you, asking for money for luxuries and showing off is silly.
May you be well and with much encouragement.
Yes taking a loan for better good is need a good choice for sure. Yes the best investment is to invest in yourself ๐. That is great developing skills is indeed worth ingesting in for sure.
Thanks for sharing your thoughts here sir, have a great day and weekend ๐๐
I am the one who's calling people if they are behind on their overdue credit card balance.
I believe that loan system is good and if it will be use wisely and can generate more income in the future it can greatly help. Back then I was torn if I will be getting a credit card or not. Turns out that yes I need one to purchase some of the stuff that I will need on my online job. If I save and wait, it will take me some year to buy that and start but thanks to the loan that was used wisely I am now starting and getting the rewards the soonest. Though I am not yet fully paid with the loan amount I can say that I am around 70% complete.
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Oops ๐ , that is good i guess if the the bill are over due. Thanks for sharing. He hee actually i was talking about the data by which the banks do call the new customers ๐.
Yes if it is used wisely sure it is really good to take a loan. Yes i do agree with you on that. I do prefer EMI but i know many friends who do owns a credit cards.
I did bought many smartphones and a laptop for my younger brother , if there was no EMI option i am sure i was not able to do that for sure. Thanks for sharing your views here. Have a great day and weekend. ๐๐.
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!giphy thanks A lot
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!giphy thank you so much
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nice post about loan, I'm searching for education load but did't get it.