"Don't dig your own pit" iArticleBeach.com - Free Articles for Reprint. Add great content to your web site today

Home | About Us | Contact Us





Forgot Password? New User?

	Poetry
	Business
	Music
	Humor
	Arts & Entertainment
	Movies
	Destinations
	Women Issues
	Home Improvement
	Dating
	Real Estate
	SEO
	Health & Fitness
	Investing
	Home Based Business

View all Categories

Welcome to iArticleBeach.com - Free Articles for Reprint. Add great content to your web site today!

Articles » Arts-&-Entertainment » Humor >> View Article

"Don't dig your own pit"

By: Krishnan.C

If you want to enjoy your life out of spending,enjoy if you have you have your own resources and money.

But don't enjoy your life by becoming a debtor to somebody.
Ofcourse in the modern world,there are many ways and means, which force you to become a debtor.
Attractive advertisements in the satellite TV force you to become a debtor.It tempt you to buy the modern amenities at any
cost.
Even though if you don't have any money or resources it show you many resources for obtaining credit to buy that
product.But you must think thousand times before becoming a debtor.
In today's world credit is the easily available commodity.Numerous companies waiting to pull you in their trap.They are
competing severely to pull you in their trap.
But you must be careful to entangle in that trap.
In spite of this caution if you are prepared to enjoy,then you won't get any pleasure,but you will lose your peace of mind.
Let us discuss about the common desire of everybody.It is natural that every body wants to have their own house.It is a
reasonable desire.
But the desire can be attained if you have enough money on your own to buy the house.
If you are an executive working in a company what will you think.
You will ready to apply for some loan and buy that house.Alright you have decided and applied for a loan also and the
loan has also been sanctioned.
You will ask the engineer to construct the house with in the sanction of loan.
The Engineer on seeing the plan will say "Sir,you are constructing house once in your life time,why such a low budget house,we can increase slightly your plan sir,it won't cost much only a 10% increase in your normal budget"he will tempt you.
By that time you will also have some Himalayan courage,and think why we can't adjust that 10% increase,ok we can adjust that 10% increase by obtaining loan from our relatives,and you give consent to the engineer's suggestion.
The Engineer begin to build your house.The house is also going to be completed soon and only some finishing work is there.
You ask your engineer 'when can I take possession of the house', sir?
The engineer will politely tell you,Sir,there is a small problem,the problem is there is a sudden increase in the cost of materials,so I fear whether it is possible to complete the building what we have already planned.
But you are in the dream that the house should be constructed at any cost.So you don't bother about the resource to complete the house and prepared to arrange for the money required for completing the house.
What you will do.The next thing before you will be some bank balances available out of your savings and the jewels of your wife or your children.
So your savings,jewels will all go from you and fill the cashbox of another businessmen.
Your house become ready atlast.On seeing the house raised beautifully you forgot all the sources where the money came from to complete the house.
You will forget about the loan you obtained from your company.
You will forget about the loan you obtained from your relatives.
You will forget about the erosion of your savings and jewels.
All these will come to your remembrance only when the company commences their recovery for the loan you obtained.
All these will come to your remembrance only when your relatives need the money they paid.
All these will come to your remembrance when you don't have enough money in your savings account for your urgent requirement.
Then your mind will think about the the resource to fill up the deficit in the family budget,the loan to repay to your relatives and for your urgent requirement.
You will get easy resource to fill up this deficity,because you are working in a company,getting regular salary,higher salary.Companies are ready to give credit.
You are also ready to get credit from another company to fill up the deficit.
So you are ready to close the small debt pit,and begin to dig another debt pit,which is little more in size than the first pit.
The same deficit pressure mounts after some time.Again you are prepared to obtain loan from another company.
Now you dig another debt pit, which is more than the size of first and second debt pit.
Like this you will go on digging pit after closing the earlier pit to overcome your deficit.
Finally at one stage when you see the remaining pit,it will look like a deep pit, which you cannot fill it up from any source.
So the ultimate choice before you will be to dispose off the house and fill up the huge pit finally stands before you.
You have also made arrangements to dispose off the house.
One person came forward to buy the house.Even though the rate offered by him is not as expected by you,you have no other option except to get the money and fill it up the debt pit.
The house was finally sold off and you got the money.But while working out the amount you have to settle to your debtors,you need some more money.
However with the proceeds realized out of selling the house,you have settled most of the debt and still keep some portion of the debt.
So what happened to your dream of having house.You have lost all your savings,jewels,and other resources and still you have to settle more debts?
Where all of your money has gone?
It is no secret,most part of your debt were for the interest.
The interest made you to close one pit and dig another pit and finally you was let with a big pit with most part of the pit were for interest.
This is a common plight of most of the families especially in the middle class peoples.
The reason is due to their mental capability to enjoy all modern amenities without knowing their economic capability.
Enjoying the life is absolutely necessary but it should be from our own resources.We can enjoy the life but not on obtaining debt.
We have to increase our resources to enjoy the life.We should find out the opportunities to increase our resources and then think about enjoying the amenities.
krishnan.cauthor

ABOUT THE AUTHOR

Krishnan.c,is writting articles mostly on motivational topics blended with his professional and personal experiences. Recently he has released his ebook "You can succeed".Author's website:http://www.tncity.biz

Total Views : 1021 Word Count Appx. : 1053

See All articles From Author

Wed, 08 Feb 2012 00:54:11 GMT Chairman, 3 others out in Yahoo board shake-up (AP)

AP - Yahoo Chairman Roy Bostock and three longtime board members are stepping down, submitting to the demands of many frustrated shareholders who blame them for contributing to the follies that have dragged down the Internet company's revenue and stock price.

Tue, 07 Feb 2012 23:58:47 GMT Disney 1Q revenue misses estimates but profits up (AP)

AP - The Walt Disney Co. said Tuesday that its net income rose 12 percent in the final quarter of 2011, as a slimmer movie slate and upbeat theme park results helped the company top earnings forecasts even while revenue gains were less than expected.

Wed, 08 Feb 2012 00:01:25 GMT 2.1 million viewers live stream Super Bowl online (AP)
AP - The first live stream of the Super Bowl drew 2.1 million unique viewers, NBC said Thursday.

Wed, 08 Feb 2012 02:49:44 GMT Just Show Me: 3 great and free cooking apps for the iPhone (Yahoo! News)
Yahoo! News - Welcome toÂ Just Show Me onÂ Tecca TV, where we show you tips and tricks for getting the most out of theÂ gadgets in your life. In today's episode we'll show three greatÂ cooking apps for theÂ iPhone. BigOven Epicurious Serving Sizer Take a look …

Wed, 08 Feb 2012 02:39:36 GMT Transparent Screen app saves you from bodily injury while texting (Yahoo! News)
Yahoo! News - Fond ofÂ texting while walking? Unless you're extremely nimble, you may have bumped into people, objects, or even stumbled. In extreme cases, you may have even bruised yourself or broken a few things. But if you have anÂ Android device, you can …

Tue, 31 Jan 2012 23:45:44 GMT NASA Launches Facebook Game to Test Space Program Knowledge (Mashable)
Mashable - How much do you know about the NASA space program, Earthling?

Wed, 08 Feb 2012 05:37:34 GMT Analysis: More than just Great Firewall awaits Facebook in China (Reuters)
Reuters - When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.

Wed, 08 Feb 2012 01:23:46 GMT Yahoo chairman exits, review drags on (Reuters)

Reuters - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.

Wed, 08 Feb 2012 00:26:41 GMT Social Gaming Apps for Android -- Steam, Xbox Live and More (ContributorNetwork)
ContributorNetwork - For many people, gaming is no longer a solitary experience where you buy a game and bring it back home and play it -- not even on Android-powered smartphones and tablets. Because it's not just that people are buying games from the Android Market, or Gameloft's store, or other online marketplaces. They're making friends, playing online, and earning trophies and achievements through gameplay that their friends can then see on their profiles.

Tue, 07 Feb 2012 22:50:41 GMT Google Android Mascot Merchandise -- Own Your Own Tiny Robot (ContributorNetwork)
ContributorNetwork - COMMENTARY | Say what you will about the relative merits of Android smartphones vs. the iPhone, but the Android mascot wins against the iPhone's hands-down. This is largely because the iPhone doesn't have a mascot, but that's not the point. The point is that the cute little green robot seen all over Android phone commercials (and depicted in Google branding) can be yours, and can sit on your desk or even do useful things for you. And yes, he comes in more colors than just green.

Wed, 08 Feb 2012 01:31:45 GMT CalSTRS wants Facebook board to expand, add women (Reuters)

Reuters - The California State Teachers' Retirement System, the second-largest largest pension fund in the United States, wants Facebook Inc to expand its board of directors and diversify a panel that has no women.

Tue, 07 Feb 2012 23:35:39 GMT Halliburton to abandon BlackBerry, turn to iPhone (Reuters)
Reuters - Oil field services company Halliburton plans to stop issuing BlackBerry smartphones to employees and switch over to Apple's iPhone, which it said was better suited to its needs, marking another setback for Research In Motion.

Tue, 07 Feb 2012 23:13:00 GMT Path iPhone app shown to be uploading iOS address books to its servers (Appolicious)
Appolicious - One of the most popular social networking apps available for iOS and Android devices is in a bit of hot water.

Tue, 07 Feb 2012 20:50:06 GMT Summary Box: Jobs flow from mobile, Facebook apps (AP)
AP - CAREER OPPORTUNITY: All those apps being made for smartphones, computer tablets and Facebook's online social network are helping the U.S. economy lower its unemployment rate. A study released Tuesday by the technology trade group TechNet estimates apps are responsible for creating about 466,000 U.S. jobs since 2007.

Tue, 07 Feb 2012 22:51:02 GMT Amazon, Viacom close to Web video deal (Reuters)
Reuters - Amazon.com Inc is about to announce a Web video deal with Viacom Inc in what sources said was one of the last steps in a plan to launch a standalone subscription service to compete with Netflix Inc.

Tue, 07 Feb 2012 22:00:00 GMT Don’t stress tax time with these helpful iPhone apps (Appolicious)
Appolicious - It’s tax time! What, it isn’t a happy time for you? Well maybe you should spend more time prepping throughout the year with your iPhone apps so you don’t get so stressed out come the beginning of next year. Tax time shouldn’t be stressful, it should be routine. Here are some helpful tax apps to get you started on a road to financial stability.

Tue, 07 Feb 2012 22:53:55 GMT RIM tells European developers it's "ready to compete" (Reuters)

Reuters - Next-generation software for BlackBerry's smartphones is "ready to compete", Research In Motion's new chief executive, Thorsten Heins, told more than 2,000 technical developers on Tuesday, expressing confidence in RIM's long-term future.

Mon, 06 Feb 2012 23:21:16 GMT Cisco seen reporting solid second quarter (Reuters)
Reuters - A year after network equipment maker Cisco Systems Inc unnerved investors with yet another weak quarterly outlook the company looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.

© 2006 - Present - iArticleBeach.com - Free Articles for Reprint. Add great content to your web site today. All Rights Reserved. Use of our service is protected by our Privacy Policy and Terms of Service