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”
We express our attitudes and thoughts through words. Words can also influence our thinking. Choosing and using words that suit the situation helps prevent misunderstandings and fosters relationships. Even those who wake up on the brink of death in a coma do not easily change the words they have been using. Words shape a person, and the person reflects their words. A good way to check and monitor yourself is to write, even if you’re not a professional writer. - Joseph’s “just my thoughts”