Skip to main content

Fast Credits as an indicator

 There is the big mac indicator of how rich a country a society is, but there should be another indicator.

The fast credit indicator to show how poor the financial education of a society is.

Anyone may need money, and fast credits are a very tempting option.

But there is a huge price to pay. For each "small" credit, there is a big percentage to pay as fees when you return the money.

So you should be very careful about what you want to spend such credit on.

The last thing you want to use it for is buying the latest model phone or a luxury excursion.

Comments

Post a Comment

Popular posts from this blog

Where is the performance and load testing

I am reading the book “That will never work” by the founder of Netflix. From a technical point of view, something that really intrigues me is their launch process. The engineering team proposed an increase in server bandwidth to accommodate a higher request volume; however, the business unit expressed uncertainty regarding the projected demand. This result in a lot of guess work and a huge stress on the engineering team during the launch day. On the positive end, they did have stage and prod environment, which is a best practice approach. Scalable system architectures are now critical, yet comprehensive load and performance testing remains insufficiently prioritized. Similar things happened to Healthcare gov on it’s launch day. The key takeaway is the importance of proactive planning and scalable system architecture to accommodate fluctuating demand.
Post a Comment
Read more

The last post

 This is the final post of 2023. I plan to take a break now. I wish you happy celebrations of 2024 and may next year bring us more joy and prosperity and focus on the most important things.
Post a Comment
Read more

Perks of being part of a non-profit

When you join a non-profit, you do it because you believe in the cause. However, if you do something for free, you expect work and people you work with to motivate you to do your fully. If the culture is already toxic, don’t expect you will be able to change it. Then the perks of being part of non-profit are replaced with the pain of being in an organization that even doesn’t pay you. This is also the issue with political parties which want to attract people to promote their ideas. Most of the time, people see how bad the situation is and run away. Let this be the message for all the people who want to build something new based only on the idea. Give your followers or colleagues something they can embrace and enjoy to be able not only to at
Post a Comment
Read more