Financial Daylight Savings
How would financial daylight savings actually work? It is an obtuse idea, just like daylight savings time. The day isn’t any longer.
How would financial daylight savings actually work? It is an obtuse idea, just like daylight savings time. The day isn’t any longer.
Big Cajun Man expresses concern over the high debt levels in Canada, which are fueled by cheap interest rates. He proposes a radical, but unlikely to be implemented, idea to slow the ‘tsunami of debt.’ The idea involves using erasable tattoos that say ‘Debtor’ on the back of a person’s hands in exchange for a 25% discount on loan interest rates. This tattoo would be a condition for receiving the loan and would be removed once the debt is repaid. The author acknowledges its potential to drive people towards alternate lenders.
Do you have selective Financial Perception where you are ignoring important things, because they might be hard to do?
Borrowing money to invest in the stock market and building debt carries far too many risks for most investors. Paying off debt would be a better investment.
The article promotes “Getting out of Debt” as a solution to several problems. It helps spouses focus on more important things by eliminating financial disputes. It provides peace of mind and sleep, reduces worries by addressing one financial issue at a time. Fortifies love life, as money worries create impotency. Lastly, it enables the goal of establishing own living space, especially for those presently residing with their in-laws. The author invites readers to suggest any further possible benefits.