From the above quote, debt has caused much hardship, pain, health issues as well as corruption in society. Debt has existed in the past and still exists to this day. It is getting worse as nothing is being done and no proactive measures are being done to give the average person the mindset to deal with it. It is as if there is something that is keeping society in this state, resisting change, magnetizing the individual to financial instability. The quote above states that debt undermines governments and corrupt the people. Even governments are vulnerable to debt; it is a great disease where finding a cure is intentionally blocked or prohibited. The main point is that it corrupts the people. Does not debt involve money? If debt is money then we can also say that money corrupts the people. Money has been with the human race for a very long time going back to the ancient Greek empire and past down from generation to generation as a form of bartering system. We have to understand money in order to understand debt.
Money is a part of our daily lives as we need it for our basic needs such as food and shelter. In this age, we depend on money to survive which is why we have what is called the monetary system. How is it that we get money? It is all different based on the individual. One individual works and gets a pay check that is deposited into a bank account; the pay check is a fixed amount of money. Another individual has a business where they get money from their customers. Other individuals get money from the government either based on employment insurance, social assistance, disability or retirement. Again the money is fixed meaning it comes in a finite amount. There are individuals that get money from investments and these individuals receive it in the form of passive income.
I have mentioned that money we receive is fixed and we receive it either monthly or bi-weekly. However we have expenses where the money has to go and as mentioned previously it would be for our basic needs. Whatever is left would go to our savings, emergency funds, retirement, insurance. Then if there is money left over, it is necessary to see if it can be used to buy items for personal use. It is ok to buy items as wants but we have our limitations. The problem that we as a society have is that we overspend beyond our limits meaning that we spend money we have and we have to start to use borrowed money from credit cards, lines of credit, mortgage. This is where we get into what we call debt. There are individuals that get into debt but discipline their mind to ensure that they get out of it to stay financially stable. The psychology of our mindset has it that if we like something, a new trending item, an item that is popular, we want it as well. We will do anything to get the item. Our impulse and desire will supersede our financial stability and lead us astray into hardship. This is where debt starts to become a disease in society.
Diseases come in all types; some have treatments and some unfortunately do not. Living with a disease is so uncomfortable that it affects ones physical and mental capabilities. It may endure stress, feeling isolated, helpless, hopeless, being ashamed and negative. We have diseases in health, it can happen in the nature and the environment, on physical objects such as mechanical items, and it can be on addictions to things such as drinking, drugs, gambling and spending. The most occurring disease that we as a society is facing is being in debt. Debt itself is a disease. Why does the average household end up on debt? What are the triggers that one would spiral into debt? Does debt as a disease have to happen? Earlier it was mentioned that diseases have treatments and with debt I believe that there can be a treatment. It will take time and we have to have a positive mindset. It will take determination and belief that it can be done.
I hear personally that there is great difficulty in getting out debt, that once in debt there is no going back out, that it is hard keep up with payments. I am in debt and the most important thing I think about is keeping a positive attitude, planning and sticking to a budget; not veering away from my end goals, resist temptation when it comes to buying items that I do not need which will get me more into debt, stay away from corner payday loans and; if I have to, go the cheapskate route by living below my means until I get back to stability, find bargains and I actually mean interest saving bargains from credit cards or lines of credit where I currently have debt to lower my minimum payment so that the amount I usually put will accelerate the debt payment. All you have to do is call the company and ask if they have a balance transfer promotion. You will be surprised in what you find. You have to think with a healthy mind to treat the debt disease. Debt is treatable and there are so many financial medications to search for and find as this is man-made. If I can believe that I can get rid of this disease, it can for certain be done by anyone. I will be an encouragement to everyone and through this mindset, debt as a disease will be a thing of the past.