Saturday, October 29, 2011

Debt and the Consequences

Debt is an obligation owed by one party which is called as debtor to a second party which is creditor, usually refer to assets granted by the creditor to the debtor. A debt is created when a creditor agrees to lend a sum of assets to a debtor. In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.

However, debt is a bad disease if the debtor cannot manage their debt well. It is because, if the debtors are desperate and need of financial supporter but unable to get it legally, it will cause the debtor gets the easy way which is loan sharks. Do you know what is loan shark???? 

Let see this video:

From this video, we know who is ah long, how they work and how bad it is. You also can read from this link (click here) to know supporting details from hadith and how to decrease the debt. 

As a conclusion, we have to manage our financial properly and do not waste our money on things that should not be.

Terima kasih sudi baca =)



    "Ya Allah, cukupkanlah kepadaku dengan rezeki-Mu yang halal dan perkayakanlah aku dengan limpah kurnia-Mu daripada meminta kepada yang lain daripada-Mu"

  2. gud post...thumbs up!!!