Started investing! Thank god n thank u too!!

There is one class of people in an investing society you would never like to be a part of---‘BORROWERS’. Borrowers do solve their financial problems easily because banks love them! Even they invest with borrowed money u know!! Their idea of financial planning is robbing Vikram to pay Manish.

They are never cautious about money and their spending habits. Spreading Debt over a long period of time is smart for them. They say themselves: “I want the kids to have what I never had.” Or “Low EMI! Fantastic!!”



They use credit cards impulsively for doodads such as vacations, cars, swimming pools, World-cup cricket tours and roll that debt into a long term home-equity loan so that they can clean up their credit cards and then start charging again. If value of their home goes up, they borrow on equity again, or buy a larger and more expensive home!!! They believe that real estate prices never go down.

These investors often look rich having big houses and flashy cars but if u check they buy on borrowed money. They may also make lot of money but they are just one financial accident away from financial ruin………………………….
More money won’t solve problem but our controlled money habits can for sure.