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09-04-2021, 10:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
You buy a home. You take a loan. You are in debt.
When in debt, you need money to service your loan. This is done by selling your time and life. That's opportunity cost.
In this modern society we live in, we all have to sell our time and life when we were starting out to own our first home (unless you are not born into a wealthy family).
However, if you choose to buy a second o third home or a car via more loans, then you are asking for trouble.
It means you cannot stop working to...
The Entrapment of the Modern Society (https://www.sammyboy.com/threads/the-entrapment-of-the-modern-society.302502/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/the-entrapment-of-the-modern-society.302502/).
You buy a home. You take a loan. You are in debt.
When in debt, you need money to service your loan. This is done by selling your time and life. That's opportunity cost.
In this modern society we live in, we all have to sell our time and life when we were starting out to own our first home (unless you are not born into a wealthy family).
However, if you choose to buy a second o third home or a car via more loans, then you are asking for trouble.
It means you cannot stop working to...
The Entrapment of the Modern Society (https://www.sammyboy.com/threads/the-entrapment-of-the-modern-society.302502/)
Click here to view the whole thread at www.sammyboy.com (https://www.sammyboy.com/threads/the-entrapment-of-the-modern-society.302502/).