Most people
fear making a start-up company or investing because they said their formulas
might not work and they may end up paying half of their lives to their lenders
if things do not work out. People find it an aggravating situation to be in
debt. In reality, being in debt is not a health condition and it will not kill
you. It may be important to pay debt off, but it isn’t always wrong to have
some in my opinion. Here’s my list that may convince you.
1.
Doing
the Proper Math is the Best Way
Some people
may be afraid of mathematics, but everyone recognises arithmetic as an
important part of everyday life. When you have a £30 starting credit limit, you
purchased something that costs around £5, and you pay only for the minimum of
£1 with 4% interest, you wouldn’t get into so much trouble in one year, given
that you would only accrue double your debt by two years. You still have enough
time to pay. However, this idea only works if you could do the proper
mathematics regarding these numbers in the long run.
2.
Your
Time is Essential
Time is gold
and time is money as well. Your money could be replenished, but your time could
not. Time should be used sparingly. Getting things on credit and paying them
back later helps you get the item or service instantly, increases your credit
score and saves your time. Sure you may get some debts, but you could still pay
them in a few short years.
3.
Risk is Always Present
Remember, in
any kind of venture and purchase, risks are always present. It is essential
that we consumers understand that our money also lowers in value daily. Think of
buying as a form of investment into products and items that increase the value
of our money. In this way, we create more savings the more we buy. In using
your credit to gain loans and financing, this can definitely help boost your
chances of ensuring the value of your properties increase.
