In the US, a big credit card company has a TV commercial with the
slogan, 'you can have it all now!' That certainly made someone happy
because of the need to purchase a particular item without waiting for
the pay check. All that's needed is to put it on credit card. Better
yet, in developing countries like Nigeria, you get the offer of
installmental payment. Some to be deducted from your salary or you
gradually pay yourself. Before you realise it, a huge percentage of your salary
goes for installmental payment. And what's left can barely satisfy your
needs. And more debt is acquired months after months. Year after year,
automatically, its accepted you can't get out of debt. But you can if
you try. With so much on installment, its time to stop taking the bait
and get out of debt not deeper into it. Because at this moment you feel
helpless in this hole you've dug for yourself. These four principles should help. Hey! Its a good way to start.
