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”
When the caterpillar believed its journey was at an end, it transformed into a beautiful butterfly. It’s easy to feel overwhelmed by the shell you need to shed and think it marks the end of everything you know. But change is really about embracing new beginnings and discovering a fresh perspective! Although changing ourselves can be daunting and even a little painful, it’s also a chance for growth. The caterpillar that struggles with what to let go of isn’t foolish; it’s simply on a journey of discovery. So, before you stress about your next steps, why not take a moment to reflect on what your shell represents? - Joseph’s “just my thoughts”