"krengggg!" phone rang. i answered. it was a lady.
lady: faisal, can i know how much i entitle for the housing loan?
me: you wanna wait or i call you back when i get the amount?
lady: i can wait *giggle*
me: ok, you entitle for 96k.
lady: omg! why so little? is it because the salary or the position?
me: salary and position. both counts.
lady: ok. you know what?
lady: have you ever realized that we could pay off the car loan which is roughly the same amount of the housing loan but why we wanna drag the housing loan to a longer period rather than pay off the loan exactly like car loan -- which will only takes about 9 years max and 7 years is common?
me: if we are talking about investment, hold for few years and we sell. then its another case. we could buy 2 or 3 houses with that amount of money in let say 5 years and we could sell them. so why are we in hurry?
lady: but if its the house we live?
me: then, i think you got the point *smile* but if you are into business, you can do something else with the money rather paying off your housing loan lump sum. you know you won't get rebate like car loan if you pay quick right?
lady: oh yeah. i've forgotten about that *laugh* thanks for the info and have a nice day.
me: you too madam.
if you have no intention on getting yourself a business then you better pay off your debt quick. after all, you will have a better life without debt around you. trust me, you won't have a headache about money anymore.
again, to be rich is not about how much you earn (yes even though this is the best way for you to get rich fast if you know how to handle) but how much you save.
if you are doing business, never break a promise. once you break it, there is no way you are going to be success.
i talked to a friend few days ago about capitalist and socialist. what caught my attention was what he said about capitalist "there are differences between capitalist and stingy". we ended with a big laugh. indeed.
Great spirits have always encountered violent opposition from mediocre minds.- Albert Einstein -