Thursday, September 10, 2020

WHY DO PEOPLE DROWN IN DEBT( UTANG)?



Why do people drown in Debt (UTANG)? 


"Debt is already embedded in our culture" . Ito ay isa sa mga bagay na normal na sa karamihan sa atin. 


We must know how to classify Good/Bad Debt.


Reasons:


1. Misinformation of the society →They feed us with wrong information that DEBT is good.(NORMAL LANG ANG UTANG ABNORMAL KA PAG WALA KANG UTANG). At sa paniniwalang walang nakukulong sa utang. Kaya karamihan sa atin ay walang takot na mangutang.


2. Living in higher Lifestyle →Don't go broke tryng to look rich. Buying things we don't need just to show up to impress people. Dapat alam natin ang pag kakaiba ng needs at wants ( kelangan at gusto). Marami sa mga tao yung pa- SOSYAL maka upload lang ng picture ng starbucks sa facebook masabi lang na IN samantalang ang inutangan ay naka 3in1 coffee lang. Yan ang realidad ngayon maki uso lang.


3.Too many people spend money they haven't earned. To buy things just to  impress people. Madali para sa ibang tao na gastusin ang perang hindi naman talaga nila pinag hirapan kaya go lang ng go ika nga nila 1 day millionaire mindset.


4. Passed-On responsibility → After you graduate, it's now your turn to support your siblings education or your parents retirement. Never treat children as Investment. Nagkaroon ka ng anak obligasyon mong buhayin at pag aralin, huwag kang mag anak para gawin mong investment pag tanda mo.


5. Lack of Financial Literacy → This is the reason why you're not able to break the culture of Debt. This is the reason why you're not able to AVOID THE TEMPTATION OF SOCIETY..(Credit Cards, Car loan, Housing Loan, etc.) Ito yung tipong paulit ulit na lang. Uutang ka tapos sasahod ka tapos yung sahod mo mapupunta lang sa pinag kakautangan mo.

 

It takes a lot of discipline how to get out of debt..


"Debt can turn into a disease. It could control your life diminish your happiness and limit your  freedom."


No comments:

Post a Comment