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”
Psychologist Robert Epstein published a paper in 2002 that found that many couples who do not marry, due to affection being the main cause, such as in arranged marriages , develop romantic relationships with greater affection over time than couples who marry for love. In other words, love doesn’t change us; rather, when we change our behavior, greater love emerges. If you change your mind, your behavior will change, but in fact, if you change your behavior, it seems more reasonable to change your mind. Actions influence the mind. - Joseph’s “just my thoughts”