Focus

Its 1.03 AM and the ambience of this nightly dilemma begins.

Writing style. Some people can write and most just don't care. To be cryptic about infromation may not be clear for readers alike. To be cryptic is almost a language itself. The way my mind works is cryptic, I have stated this many ions ago.

My objective is not to attract as many viewers as possible, its rather a self fulfilling practice to write whenever you can. 'Planet One' was a great hit as much feedback was obtained.
There were more than 8000 hits during the Planet One ERA.
State.My is still in action, I shall leave it to the humble viewers to find out its location in cyberspace.

Much has happened today, with a visit from a special Business Developement Executive. She came in dressed professionally, 4 eyed but cute. The way she spoke easily beats bullet trains on the Japan coastal tracks. Young, fresh and intelligent.

Second scene, bank in the morning. Went in to get a 'banker's draft', waited for several minutes and I was approached by a bank officer, " En. Zarique, would like to borrow money and invest?"

My reply was "getting in debt to gain? No thanx"

I don't know what kind of scams banks are doing these days but the idea of taking a 200 thousand dollar loan and repaying within 20 years at the prevailing rate of interest by investing in FD's is simply absurd.

I have not wrote like this in absolute ages. Feels like there's more to tell. That's all folks.

ZZ.

Comments

[DZ]

Thanx for dropping by Toastsmasterian.

[Zsarina]

I don't know if one should be totally against it on principle or whether one should calculate the difference in interest, length of time, etc, etc then make a final decision. Because there are times when borrowing can be good - it's not always all bad. Without borrowings, for instance, a lot of corporations would not be able to grow or take risks.

[MzMin]

Malaysia not have poverty? Who are you kidding? Poverty exists almost on our doorstep, even if we've never seen it with our own eyes. Well, I have. People with 6 children trying to survive on RM80 a month while trying to give those 6 kids education to change their social standing. If that isn't poverty, I don't know what is. And yes, the rich are swimming in it.

[Zarique]

Well Yazmin, we all have choices, and to those choices we make determine our future. It's unfortunate for the poor, bearing in mind as well that Malaysia does not have poverty. Everybody has enought to eat and has shelter. Basic needs from Maslow's hierarchy of needs are well defined. The social divide is already great between the rich and the poor, its just not transparent as one might think. The richest of families have enough reserves 10 times the countries GDP.

[MzMin]

Then again Zarique, what about those who don't have enough money to not go into debt i.e. mortgages for houses, loans for cars? Won't that make the social divide between the rich and the poor bigger?

[Zarique]

Great response Yazmin. We are a young nation approaching full development. Examplary measures should be in place and copying the UK and US is of last resort.
Equity is an asset until converted to a loan.
Don't take loans!
Don't have money, Dont' Spend!

[MzMin]

Cute 4 eyed lady. Apa lagi Zarique? LoL.. but seriously, the debt industry is huge, and gets even huger as a country's economy progresses. It's said that without the existannce of debt, a country's growth would be severely stunted. The idea of borrowing money to invest is almost (but not quite) as pathetic as paying off debts by getting into more debt - a system which happens to be very popular in the UK and the US.