Showing posts from May, 2017

To take or not to take out a loan?

Is it worth borrowing for housing? There is no clear answer to this question. Everyone dreams of own housing, but not everyone can buy an apartment or a house. Many decide to take out a loan for housing and thereby solve this problem. Some are frightened by the fact that for 10 years - 30 years will need to pay a certain amount of money. A friend asked me to advise him. Here are the arguments of Miranda.
"I live alone in a rented apartment and pay $ 1800 every month. There is a guy for whom I want to get married. How should we be? Rent one apartment for two or take a loan for housing and move into your own house?"

If the family budget of Miranda and her husband will allow you to pay a mortgage, it is logical to buy a house on credit. In this case, it is necessary to choose a lender with good conditions for providing money for the purchase of housing. Before entering into a contract, you need to consult a lawyer.

Loan conditions can be different. First of all, it is necessary to…

What is money?

Wikipedia has an exact answer to this question. "Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money."

This definition of money and what is money for us with you? For some, this is the goal of life, for many it is a means of subsistence, but there are people for whom money is not important. Let's look at three categories of people:
money is the goal of lifemoney as a means of subsistencemoney is not needed at all  The first category includes people who have a very large amount of money but, despite their excess, they still need them.…