A loan is a must...esp at a young age. if you are not born rich, you must have a loan sooner or later. after that its all about discipline. my dad passed away when i was 20(while in college) i was the youngest, my bro was in college too... the fee's fopr the both of us was as you know very heavy for my mom to bare, not to forget the emotional trauma of my father not being around was also very difficult for my mom to cope. so i decided to quit college
i decided get a job and move out 3 months later(after receiving 3 months payslip),to relive the burden from my mom. When i moved out, i did not take any money from my mom, and i also didnt send any back. at the beginning it was difficult, paying rent, basic needs for a my place, got a car, and a credit card, to survive. a year later, as things were a bit better, was able to start sending rm200 to mom every month. i worked hard.....
long story short, i previously had 3 personal loans, 2 credit cards, which i took in order to survive and also leisure, (i belive in work hard and play hard), i had no regrets taking this loans. cause i was able to be independant at the same time learn a lot of life lessons along the way which i found priceless.
im 27 now, i have 1 car loan and 1 home loan which im glad to pay for... cause it brings me so much joy to have my car and my home, was able to treat my mom for holidays etc.
by the time im in my 30's, my car loan would have been cleared. and ill just have a home to pay for..
my thoughts on loan? for me it was extremely necessary and yes i paid the interest which for me was worth it.
i decided get a job and move out 3 months later(after receiving 3 months payslip),to relive the burden from my mom. When i moved out, i did not take any money from my mom, and i also didnt send any back. at the beginning it was difficult, paying rent, basic needs for a my place, got a car, and a credit card, to survive. a year later, as things were a bit better, was able to start sending rm200 to mom every month. i worked hard.....
long story short, i previously had 3 personal loans, 2 credit cards, which i took in order to survive and also leisure, (i belive in work hard and play hard), i had no regrets taking this loans. cause i was able to be independant at the same time learn a lot of life lessons along the way which i found priceless.
im 27 now, i have 1 car loan and 1 home loan which im glad to pay for... cause it brings me so much joy to have my car and my home, was able to treat my mom for holidays etc.
by the time im in my 30's, my car loan would have been cleared. and ill just have a home to pay for..
my thoughts on loan? for me it was extremely necessary and yes i paid the interest which for me was worth it.
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