Write a new post in response to today’s one-word prompt.
Lifestyle, Free Or Slave
There are actually two categories of lifestyles free and slave. You can try as hard as you want, it is very difficult to find an between place, that your conscience can be happy with, unless you consider wants and needs.
Did you buy a larger house then your friends Jack and Jill, just to keep up with the Joneses? Jack lost his job and fell down on their mortgage, that could also happen to you. If you continue to keep remortgaging your house to get spending money, you will never have any equity in it. You could end up losing it all. To buy a fancy home with a mortgage payment to large for your income to handle is actually putting your lifestyle into the slave category.
In the same respect, if you go out to buy a new automobile and you purchase a luxury vehicle to park in your new three-car garage, with a new power boat in one stall and your SUV or four wheelers in the other stall. You have a huge garage full of hefty payments for you to continue making. That is without any problems with employment or income loss due to illness, or layoff. You again might be living a slave lifestyle, while trying to appear as a King. Wants, easily trump your needs, that happens all the time!
Do you have a pocket or purse full of maxed out credit cards and you’re making the minimum payment on most of them? Waiting for tomorrows mail to bring more plastic miracle card applications? If you’re living this way you do not have a free lifestyle, you have a slave lifestyle. You are living in a make-believe, want for nothing wonderland, all built on credit and accumulating debt. You know in your heart, you can never live long enough to repay the lenders.
People find it easy to say, ‘the credit card companies keep sending them out.’ So we use them. Why not? Everybody’s doing it! That is just the point, soon the majority of the people in this country will be living a slave lifestyle. They are not what they pretend to be, everything that they do, revolves around more borrowed money. They have become slaves to the lenders and they will stay that way unless some Bankruptcy Court, lets them file bankruptcy.
Many people still have a free lifestyle, they pay off the balance due on all their credit cards at the beginning of each month, they didn’t tie themselves down with huge payments for cars, homes, SUV’s, boats or property. They live according to their income and do not put on a show of wealth, for the neighbors to covet. They have never tried to keep up with the Joneses, they are just everyday people who want to be free from slavery, and not to be saddled with a lifetime of debt.
It is only a matter of time in this country until the majority of the people come to the conclusion, they have so much debt now, there is no way of repaying it, so they may as well just keep on borrowing more and going deeper into debt. The lenders are greedy enough to just keep loaning out more money, handing out more credit cards until the big human greed bubble busts.
The economy of the country will collapse, maybe that is the plan? Inflation will be like it’s been in the Third World countries, where you’ll need sacks full of money to do anything or to buy anything. All of this debt that has been accumulated didn’t have to be, it is like a voluntary tax, people are willing to borrow and pay so they can have everything they want right now.
The people who lived free lifestyles will end up losers, taxed by inflation in the end, but will have peace within themselves. The people who lived slave lifestyles could become the biggest losers when the lenders come to repossess everything .