THUNDERLION

business SOLUTIONS

Debt is like is like Tequila.

You hear all the stories of how bad it is, how it will ruin your life. Yet we think it cannot be so bad, it will never happen to me.

So one day you go out with your friends and you decide to try some. You take the first shot. Boom! You feel the rush straight to your head, and it feels oddly pleasing. Everyone is happy, including you. “That wasn’t so bad. I can handle it”.

Your friend says to you “lets have another”. You think, “One more won’t hurt”. So you take the second one. Ka-pow! It feels even better than the first. This is oddly reassuring to you.

By the third you think you are Tequila’s boss! “Who said I couldn’t handle it? I’ll show them!” So it goes on until the Tequila completely takes over and you pass out.

You wake up the next morning wondering what happened and if they got the number plate of the truck that rode you down. This is where you realize that things got out of hand and you now have to deal with the hangover!

This is the debt trap that a lot of us get into. We see something we like and think we can have if we just had the money. The credit terms seem easy to pay off, who could get hurt? This would be fine, but then we see more things we like and we just can’t help ourselves.

We need to ask ourselves if we really need that big screen TV (Gucci handbag, new car, new shoes, etc.) or do we just want it because it feels good to have it. The key to not getting yourself into a debt trap is self-control. But as we all know it’s easier to talk than to do!