The poor are poor, the rich are rich

Chapter 49 2 Loans - The Snail's Heavy Shell

Chapter 102 Loan - The Snail's Heavy Shell

In life, I have heard such a sigh: "The speed of saving money will never catch up with the speed of rising housing prices!" Indeed, as prices rise, housing prices also skyrocket.Many families have a house and everything is enough, but they suffer every day without a house.If you want to buy a house with your salary alone, you may not be able to afford it, so many people think of buying a house with a loan.

However, the life after the loan is like an invisible constraint, like a heavy shell on the back of a snail, which makes people feel depressed.It's really "success is also a loan, worry is also a loan"!

Mr. Li of a certain magazine has to work at least 14 hours a day.In addition to his own job, he also works part-time as a freelance writer.The tense life made him unable to breathe.When asked about his income, he said, "It's about 5000 to 6000 yuan, but it's still not enough."

This is entirely because he took out a loan to buy a house.He had to run like a robot to pay off his mortgage and was trying to earn some extra money.Normal work is enough to make him tired, and with these, his life seems to be much busier than ordinary people.At 6:[-] p.m., when Mr. Li got off work, he felt sore and backache when he thought about other things to be busy, and he was not in the mood to eat and rest.

After reading the examples above, you may feel the same way.There are many people who are burdened with such loans, and they are overwhelmed by the huge pressure of repayment.Even if you are so tired that your back hurts, you have to grit your teeth and stiffen.Although it is very common to buy a house with a loan, once you borrow more money than you can afford, it becomes your pain and burden.

Therefore, you must use the loan rationally and understand some precautions during the loan process, so as to avoid adverse effects on your life due to the pressure of repayment.

1.realistic borrowing
Before taking out a loan, you'd better notice that the amount of your loan and the amount of each loan repayment must be consistent with your asset status.Borrow moderately and reasonably.You must have a clear understanding of this.If the amount you borrow far exceeds your ability to pay, then you will inevitably become a "debt slave" in the future.

2.Avoid excessive consumption

The money you borrow and loan is not to satisfy your endless consumption.When you spend money, you don't feel extravagant, but what should you do when you pay it back?You have to get rid of the wrong habit of overspending.Otherwise, small money will turn into big money, and one day you will eat the bitter fruit you planted for yourself.

3.Be wary of various risks

After waves of house buying boom, many families have seen that even if they bought a house, because they overestimated their repayment ability and did not have much awareness of the hidden risks in the financial market, they ignored the interest risk , personal accident and property risks.As a result, when neglected risks pop up, borrowers quickly feel overwhelmed and increasingly unable to pay back.

I thought that the planning was very proper at the beginning, but I didn't think of these unexpected factors, so once there was a problem, I panicked.That being the case, you might as well buy some accident insurance, property insurance, etc. to protect your own interests and reduce the interference of accidental factors.

(End of this chapter)