Instant Gratification

I Want It Now Attitude

My parents started with used appliances and furniture. They only purchased what they could afford. Many people today want everything brand new and go into debt to buy what they want when they want it, even though they know they cannot afford it. No one needs the latest TV set or the new smartphone that just came on the market. Please wait for the price to come down or buy a gently used one; when you buy something on time, depending on the loan length, you pay twice the original amount. Save up for the future and forget the I want it now attitude, as you will be glad you did down the road.

Starting In Life

Never go into debt as a college student to buy a car, TV, or a new laptop computer. Ensure you get your college loan paid off before purchasing anything else. Buy used furniture and items for your dorm room. Live within your means. You do not have to follow suit if your college friend has a fancy car; let him have his car and be happy you do not have his debt. No one should start life with much debt, as you may pay it off for the next ten years or more. You must have a job that you can count on and pays well. Instant gratification can be an instant failure. A bad credit rating will follow you for years, and when you need a loan, you will not be able to get one.

Buying A Home

Start buying an older home in good shape, so you will get it paid off quickly. Older homes have a lot of character and charm. An older home will most likely have beautiful oak floors and built-ins that newer homes do not have. If you keep the house in good repair, you should be able to double your money on it down the road. When you have saved up money over the years, you can buy your dream home and get it paid off without a massive debt hanging over your head.

You Do Not Need A New Expensive Sports Car

Start buying a used car that your mechanic has looked over and found mechanically sound. Your used car will get you from point A to point B the same as a new car would. Buy another used car after your first one stops performing mechanically. I would never go into debt to buy a new vehicle unless financially ready. You need to have a steady income to purchase and maintain a car. Enjoy the ride if you still need speed and can pay cash for your sports car.

I Hope You Have No Debt Sucking The Life Out Of You

Instant gratification can lead to instant failure in a heartbeat. Live within your means and enjoy the fruits of your labor without worrying about unpaid debts. Never try to keep up with your neighbor or someone else. Never show off, as that grows very annoying quickly. Live responsibly and sensibly. Remember to tithe at church and help the needy and the poor.