COST OF CORD BOLLD BANKING
Published: 12th December 2010
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There's a huge problem with almost all Greek families nowadays, and for over 2-3 yrs already, with Banks. Well banks have turned to a ''blessed curse'' now in Greece, with many families being in debt from loans and credits cards. We have even read and heard, that many families lose their fortune, houses, cards due to their debt form morgages.
The fiancial crises has escalated recently, in Greece, and existing in some other countries of Europe, and all over the world in general,like Spain, portugal ireland..There seem not to exist a direct solution to all this, and above all unemployment and inflatio are too high, though contraticting one to the other in the first place..In the financial field, the more higher the inflation is the lower unemployment is, and vice versa, but nowadays, due to the whole situation prevailing, these are high both. Er are all considered to be victims, and balme government, banks and capitalism in genereal for all this.This is somehow true of course..
What a middle class person, with medium salary and high debt, do for this, Will someone wait for his/her ''execution''? This is not a solution to the problem!..Facing things in a way and mentality of fatalism, we have to do something!
First of all, we shouldn't borrow, above our fianncial capacity, and we should seize and ponderate everything before we buy or make a new investment!whatever..I remember, under another government, some years ago, there was the boom of Stock Exchange, and some people indeed committed suicide, in the end after loosing huge amounts of funds. Then their families had to get high rate loans to pay off the debts of these people!.
The point is to organize a financial family plan, with mutual understanding amomng family members, KNOW HOW, and know what to do before it's too late..A fiancial advisor in many cases would be useful to this, if possible.We should learn that it's difficult to fulfill all our desires, and realize all our dreams, we should get adapted to the new situation and discipline to the new needs. And just learn to wait until we come out of this so unpleasant situation, for too many people..Limit our expenses, to maximum possibility, make a though budget, in trems of famly eah time we get paid, our salary or pension, an try being productive.. We should focus on working more each one, even with two or three part tim jobs,try to raise productivity, thus save funds for the future, this way reduce inflation, so that waelth can be ridistriibutef in a more fair basis, througout the world..Try to contribute to betaing financial crimes, give to our ''neighbor'' as much as we can, thus contribute to the fair wealth distribution all over the world, the reward is ahead..Thus if we save money for us and our neighbor, then the positive result will come round to us again!..The rule of nature and history, is that ''we take back as much as we give in advance'', history is fair, life also in the end, the poor will be richer, and the rich non givers, may be poor again!..Here's the version of Old Scriture, revealing God's will in this time of fiancial ''Crisis''..
Think,the best before invest, is the final conclusion that our debts in an indirect way will lead the path of prosperity again, that's the ''nurture'' to the future!..
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Source: http://katerinakatapodi.articlealley.com/cost-of-cord-bolld-banking-1895987.html
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