Serious 62-year-old with $3k monthly income servicing $100k debt

[krafty]

 

[sweetiepie]

KNN it is well known that a particular race rike to live with future money and debts KNN some of them buy very expensive home and borrow money but has no plan to pay off and aim that when 1 of the spouse up lori insurance will pay for it KNN

 

[Valium]

Siti can try prostitution. $5 per blow.

 

[sweetiepie]

KNN it is well known that a particular race rike to live with future money and debts KNN some of them buy very expensive home and borrow money but has no plan to pay off and aim that when 1 of the spouse up lori insurance will pay for it KNN

KNN corrected not some of them is all of them aim for insurance to cover it KNN

 

[Pinkieslut]

Wah lah. Shittytimes should have use ah Lian ah Hua to make it hard for readers to Guess.

 

[CPTMiller]

KNN it is well known that a particular race rike to live with future money and debts KNN some of them buy very expensive home and borrow money but has no plan to pay off and aim that when 1 of the spouse up lori insurance will pay for it KNN

Bro. Time have change. Those story from our elders about this particular race spending habit may not be happening nowaday all the time.

 

[no_faith]

Spend more than she earn sure mati

 

[syed putra]

First to be retrenched will be from minority communities.

 

[jw5]

Reminder to Madam Siti and everybody else:

Expenditure = Income - Savings (thanks to zhihau)

and not

Expenditure = Income + Borrowings.

 

[hofmann]

KNN it is well known that a particular race rike to live with future money and debts KNN some of them buy very expensive home and borrow money but has no plan to pay off and aim that when 1 of the spouse up lori insurance will pay for it KNN

They are just emulating the American way. They are good for the economy. Over saving can harm the economy.

There is method to the madness. Mdm Siti got to live a lifestyle that would have taken years to save up for. Now she has to spend the next 8 odd years paying off the debt. If she un(?)fortunately dies before that, it's the banks loss not hers.

It's the opposite philosophy of 先苦后甜 but still a valid one. Why delay gratification when credit is so easily available? Especially if you consider how inflation makes the same stuff more expensive over time.

 

[CPTMiller]

First to be retrenched will be from minority communities.

Bro. Not about race. If retrenchment really come. I think Those cheaper labour people but able to multitask will survive.

 

[nightsafari]

They are just emulating the American way. They are good for the economy. Over saving can harm the economy.

There is method to the madness. Mdm Siti got to live a lifestyle that would have taken years to save up for. Now she has to spend the next 8 odd years paying off the debt. If she un(?)fortunately dies before that, it's the banks loss not hers.

It's the opposite philosophy of 先苦后甜 but still a valid one. Why delay gratification when credit is so easily available? Especially if you consider how inflation makes the same stuff more expensive over time.

yes the American way... Land of escalating debt.

 

[songsongjurong]

change furniture, overhaul, upgrade home deco every raya, latest IOS,Android device,

how not to get incur debt,even though is installment.

 

[hofmann]

yes the American way... Land of escalating debt.

Money (debt) will solve all problems and can buy you lots of happiness, just not all of it. But a lot for sure.

 

[garlic]

Ok, some people over-leverage, like the millions of people around the world. Is this even newsworthy?