Being in debt means using up the future in the present. Essentially, it’s about how we manage our time. Therefore, the most valuable resource for debtors is time, and it depends on which side time favors. Paying off debt is like repaying borrowed future time early. When the ability to generate wealth over time decreases, the future time becomes a burden, and the debtor faces the pain of bankruptcy. Taking on debt is costly. It may seem like borrowed money is repaid with money, but the irreplaceable resource of time is also returned along with interest. With the rise of postpaid credit cards as a common payment method, we’ve become less sensitive to the associated pain and cost. There are two ways to spend money: using present time or future time. The costs and pain are much higher when the future is spent as if it were the present. - Joseph’s “just my thoughts”
In fact, more often than not, a multitude of thoughts leads to a choice disorder, primarily because you don’t know yourself well. Self-needs are easily recognized, yet many individuals lack awareness of their desires. Desire is often intricately wrapped in morality, making it more likely that you remain oblivious to it. If you don’t understand what you want, you’ll hesitate to make a choice. This results in the worry that your choices won’t satisfy desires you ’ re unaware of. Having a healthy mind entails honestly aligning your choices and decisions with your desires. Nevertheless, morality, dignity, and concern for others often hinder honest choices. - Joseph’s “just my thoughts”