Monday, May 25, 2009
Japan Economic Collapse And Poverty
In this video, Japanese old man lost his director job, went bankrupt and lost his house and then his wife and children left him. Very sad but this is the consequence if you get yourself overleveraged and buy stuffs on credits. For instance, If you earn RM 5000 and you take a 30 years house mortgage of RM 500K for the sake of the "security and happiness" of your wife and children. IMO, That's just plain suicidal because a recession or depression in any year of this 30 years period could result in potential jobless and you losing the house. Your wife may leave you if she's a heartless b*tch ( but who can blame her for seeking happiness elsewhere....). So, be very wise my friend, don't get into huge debt because of "TRUE LOVE" or whatever bullshit reason. Don't let your LIL brother overrule your manly intelligence. Spend wisely and moderately. Don't get into too much debt because it may kill you some day... BTW, I'm debt free. HEehehehehe It feels good to be debt free..
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