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

Popular posts from this blog

The messy meeting

When you know there will be a messy meeting and there is nothing you can do about it, the best thing to do is to avoid it. Messy people produce messy meetings, and they take the time and the energy of everyone who is part of it. That is why instead of being part of this drama, find a better team and better meetings to invest your precious energy.

New year preparations

 I stopped preparing for things since August this year. I decided to go with the flow. With no plans for the New Year, today I received an invitation to a party. Seems like not having any plan was the best plan in the end.

The recovery day

 What to do once all the presents are opened? Should we just move forward with our goals? As I wrote about recovery day after flying long distance. It is important to plan a recovery day after the holidays. This is your guilty free time.