Jun 5 2019

Earn First, Spend Later

Nowadays many people will sign credit card first, and pay later, especially to those young people, who will sign cards first before earning. When payment due, they cannot pay and will only pay by installment at high interest. Such practice will make them poor and poorer.
The purpose of credit card is to help travelers not to bring too much cash in hand, but today many people use credit card to spend first even they have no money in the bank. This practice causes many people to be bankrupt and even suicide.
We Chinses have a saying “use money within our income”. This mean that we cannot borrow money for our expenditure. But credit card encourages to spend first and earn later to return payment.
Wealth will not come to your hand without reason. You have to work hard and earn your money by which you shall deposit to your bank account. Then, slowly, money accumulated, and you get your wealth automatically thorough course of time.