Five Reasons To Get Out Of Debt
Do you want to get out of debt but can't find the motivation? Do you dread the mail arriving in case it brings you even more bills to pay?
Well if you need a burst of motivation to improve your financial position,
I've put together five reasons to get out of debt and avoid borrowing in the future.
1) Everything that you buy becomes much more expensive
OK, I'll show you. While out shopping you just can't resist buying a new plasma television. The price was $2300, but it has been reduced to $1995. Bargain! So you sign up to an attractive looking credit agreement.
How much will is cost? This is not a trick question.
$1995? Wrong!
Whenever you borrow to buy something, the total cost to you is made up of three distinct parts.
a) The actual amount that is borrowed - $1995
b) The interest on the loan at Perhaps 3 years at 29.9% APR. That would come to $915.78 (36 payments of $80.85 less $1995)
c) These payments must be made from your taxed income at Let's say 30%.
That would add another $1247.40
So taking all of these things into account, you'll have to earn an eye watering $4158 to pay for your television.
And that's before we take into account the opportunity that you've lost to earn interest on the money that you're using to make the loan repayments. At 5% per year over 3 years this could amount to another $300 in lost interest.
Doesn't seem such a bargain any more, does it? Do you really want it that much?
2) Lack of Freedom
The world is full of credit junkies. Too many people hold a must have attitude that they simply can't afford. Unfortunately, this position translates into a must borrow state of mind. They borrow in order to feed their need for a regular consumer spending fix.
But this addiction is not without its consequences.
Every time you borrow money you forfeit a piece of your life. It means that your lender owns a bit of you. They own the time that you take to earn the money to repay the debt every week or every month. Welcome to life as a human limited company and your lender has just become a major shareholder!
Every pound of debt reduces the freedom that you have in your life. It's a simple equation.
Debt = lack of freedom to spend your time as you decide
Part of your precious, non-renewable life, now has to be devoted to acquiring enough money to repay your creditors.
Your personal freedom has been curtailed. Every pound of interest paid represents a waste. Waste of your money. Waste of your effort. Waste of your time.
Waste of your freedom. WASTE OF YOUR LIFE!!
3) Rows
What's the most common reason for rows between couples? Work, children, sex, the house, trivial matters?
Wrong!
The answer is money. Debt is the biggest cause of rows and relationship problems.
4) Stress
This is the inevitable result of the last two items. You owe money that you no longer have. You have to repay it with interest.
You have to work every hour available just to make ends meet. And at the back of your mind is the nagging doubt, what if I can't keep up with the repayments?
Then on top of all that worry, there's the frustration of being permanently skint, despite the fact they you've never worked harder in your life.
And all the time your better half is nagging you about never having any money and the amount of time that you've been spending at work.
5) Bankruptcy
With all debt, there's always the chance that it will spiral out of control. One debt can lead to another debt. After you've borrowed money once, it becomes incredibly easy to do it again, and again, and again!
It's the easiest thing in the world to say Oh I'll just stick it on my credit card, but it's much harder to repay! Especially when you've got interest working its mischief against you!
Eventually, it can get to the stage where you can't even afford to repay the interest, let alone the original amount you borrowed.
And the end result?
Life is not be as happy and exciting as it should be! And if that's not a good enough reason to get out of debt, I don't know what is.
by Stuart Laing
Copyright (c) Get Out Of Debt.
Plasma TV for the Home Theater
One of the hottest topics in home entertainment is home theater. And one of the hottest topics in home theater is plasma TV.
Plasma TV for your home theater is actually only a receiver, much like your computer monitor, and is only one component of a great home theater. Still, it's an arguable point that the plasma TV is the part of the home theater package that you'll be viewing and is therefore a very important component.
Consider the technology of the plasma TV and you'll understand why this is such a great choice for the home theater. Typically, a plasma TV is a flat screen monitor.
Because of the thin design, it becomes very versatile in the home theater design. Remember the television sets of a few decades ago? They were bulky pieces of furniture and the rest of the room was often arranged around the television set. A plasma TV, by comparison, is easier to manipulate. Most models will even mount on a wall, making the home theater seem even more...
Plasma TV for the Home Theater
Plasma > Plasma TV for the Home Theater
Plasma TV for the Home Theater
One of the hottest topics in home entertainment is home theater. And one of the hottest topics in home theater is plasma TV.
Plasma TV for your home theater is actually only a receiver, much like your computer monitor, and is only one component of a great home theater. Still, it's an arguable point that the plasma TV is the part of the home theater package that you'll be viewing and is therefore a very important component.
Consider the technology of the plasma TV and you'll understand why this is such a great choice for the home theater. Typically, a plasma TV is a flat screen monitor.
Because of the thin design, it becomes very versatile in the home theater design. Remember the television sets of a few decades ago? They were bulky pieces of furniture and the rest of the room was often arranged around the television set. A plasma TV, by comparison, is easier to manipulate. Most models will even mount on a wall, making the home theater seem even more...
Plasma TV for the Home Theater
Plasma > Plasma TV for the Home Theater
THE ETIOLOGY OF DIABETES MELLITUS
Diabetes mellitus is a chronic disease characterized by relative or absolute deficiency of insulin, resulting in glucose intolerance. It occurs in 4-5 million persons in the United States (approximately 2% of the population). The classic symptoms of diabetes mellitus result from abnormal glucose metabolism. The lack of insulin activity results in failure of transfer of glucose from the plasma into the cells. This situation so called "starvation in the midst of plenty".
The body responds as if it were in the fasting state, with stimulation of glucogenolysis, gluconeogenesis and lipolysis producing ketone bodies.The glucose absorbed during a meal is not metabolized at the normal rate and therefore accumulates in the blood (hyperglycemia) to be excreted in the urine (glycosuria). Glucose in the urine causes osmotic diuresis, leading to increase urine production (polyuria). Stimulation of protein breakdown to provide amino acids for gluconeogenesis results in muscle wasting and weight...
THE ETIOLOGY OF DIABETES MELLITUS
Plasma > THE ETIOLOGY OF DIABETES MELLITUS
Pre-Diabetes: Gamblers Understand the Odds
Do you gamble? Play Texas Hold'em poker, casino games, or lotteries? Then understanding your odds of winning is part of the challenge. Are you planning on living a long and healthy life? A life free of aches and pains? A life full of excitement and adventure? Great, then understanding the odds of developing diabetes will surely cause you to take immediate action. It is estimated that one in three Americans born in the year 2000 will develop diabetes. Those are terrifying odds. Already, more than 18 million Americans live with diabetes and that number is growing.
What is even more alarming is the fact that 5 million people don't even know they have diabetes. A new buzz in the medical community calls it- Pre-Diabetes. Today, roughly 41 million Americans have pre-diabetes which left undetected and untreated, progresses into full-blown diabetes. The challenge with pre-diabetes is the fact that the condition doesn't like to reveal itself with noticeable symptoms. Because there are...
Pre-Diabetes: Gamblers Understand the Odds
Plasma > Pre-Diabetes: Gamblers Understand the Odds
Silent Motorized Art Frames to Conceal Plasma, LCD, and up to 120" Projection Displays.
(ContentDesk) April 13, 2004 -- Large plasma and projection screens are becoming standard in new construction and remodeling. Unfortunately, the disadvantage of these screens becomes apparent when they are turned off and all you have is a large gray piece of glass on the wall. Most designers, builders, and homeowners have tried to fight with this aesthetic dilemma.Media Decor, LLC has solved the problem with its HideandChic motorized art frames. When the TV is off, all that is seen on the wall is a beautifully framed painting. When the TV is on, the canvas rolls up and the TV appears.This unit exclusively uses the Lutron/Vimco Quiet Electric Drive (QED) for silent and smooth operation.
As an added bonus, it seamlessly interfaces into Lutron lighting and shade control systems as well as Crestron and other control systems.For additional Information Contact:Media Decor, LLC
Tel: +1 954 524 1104Email: mailto:e-mail protected from spam botsWebsite:
Silent Motorized Art Frames to Conceal Plasma, LCD, and up to 120" Projection Displays.
Plasma > Silent Motorized Art Frames to Conceal Plasma, LCD, and up to 120" Projection Displays.
Plasma
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