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Home Finance Personal Finance

Paying Off Debts, A Life Sentence!!

Dan by Dan
06/05/2019
in Personal Finance
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The present life condition of many people is in common background, in debts. Irrespective of the disparities in n number of things at the back, what remains the connecting phenomena among human beings is debts. Causing by breakups, gambling, Luxurious ways of lives have contributed to have more of expenditure than the earnings.

What are the factors contributing to debt?

It is not always one’s behavior pattern or individuality that makes losing money, but also the community they live in. A person is always influenced by the society they live in and associated by, economically, politically, socially which in turn affects psychologically, mentally, physically as well as intellectually. Adding on to the uncontrolled expenditure by the people, the elements that which are contributing to the going money out of hands are, in terms of today’s life style;

  • Credit Card System: Here plays the role of economical nature of the society, where the government, the center who is in power have given allowance to every adult to have access to have a bank account which in beneficial to get Credit Card. The way Credit Card functions, to withdraw money more than what they have in savings from the bank. As there is such an option, it is kept as a temptation in which people falls and takes huge amount of money to meet up the Luxurious ways of living.
  • Pleasing Mentality : In order to meet up with rich friends or to please the peer group one is in, or to be in equal with the community they belong to, or rather to show off to the society of their posh life, people are forced to live a life that which is beyond their financial capacity. The pleasing mentality among the people instead of pleased with one’s own life.
  • Non-contentment with what one has: Being not happy with what one is capable of and having does add to the feeling of jealousy, and the mere anxiety to acquire the unreachable to them, by gaining the component of wealth in various forms.
  • The psychological element: The reflection of Non-satisfaction within oneself in distinct projection may also be reciprocated in the physical portrayal in Luxurious innings. A resolution to this illness would only be acquired through the practice of self-contentment by being happy with oneself.
  • The Mental component: The meaning of life is need to be learned from and through the process of thinking and via experience. The lack of experience of life and not knowing what life is all about in more way negatively affected an individual. The basic fundamental thought is that the meaning of life cannot be taught and made to understand to anybody. It depends on the perception, point of view and openness of mind that engages one with the true meaning of life in contradiction to what seems to be found in the outside, the external. The importance of the inner, interior and internal need to be taken care of by which way would get accessible to a life far away from being equal to others in financial status or rather above them. It is all about what one considers important to be and how one sees everything.

What people do generally is that they hide their liability from their family and keep it as a secret for which they always had to take a particular portion of salary. Most of the people lead a life of many faces with masks, to please people around them in distinct ways suitable to them.

Every human being is unique, and everything that happens to them may or may not be different, but it is always subjective. Life of everybody is significant. I’m their way which cannot be equated with anyone else’s.

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