Quote:
|
Originally Posted by woj
illness or disaster is just an excuse, the problem is people charge up more than they can afford... as long as you don't charge up more than you have in your bank account, you will never have any problems no matter what the interest rate is, or no matter what life throws at you...
|
True woj - it's too easy for some folks to have a mentality of getting $10K or whatever "credit" on a card and adopting a "I got some money now" attitude
Also know of one particular person in the US who was ill and used .. not sure.. one of two cards to pay for healthcare (done the insurance stuff already). So.. basically unable to work and *very* concerned about paying debts - to the point of complete stress and nearing breakdown. Ain't a comfortable position.
Some folks can handle that - others can't. A friend who turns out could and did handle it (tho still think he's totally nuts!) - managed to lose.. around $11 million US on a prime property deal. Had to even pay a plumber to sort the toilets in his home which was worth well over a $1mill at that time (Prob $3mill now). He stayed cool and went thru bankruptcy and disappeared on holiday for a month and came back and recovered all he had lost - and more.
Everybody is different when the pressure sets in
