{"id":330,"date":"2009-07-27T08:47:00","date_gmt":"2009-07-27T08:47:00","guid":{"rendered":"https:\/\/clusterfamilyoffice.com\/blog\/?p=330"},"modified":"2009-07-27T08:47:00","modified_gmt":"2009-07-27T08:47:00","slug":"endeudate-con-moderacion-i","status":"publish","type":"post","link":"https:\/\/clusterfamilyoffice.com\/en\/endeudate-con-moderacion-i\/","title":{"rendered":"Borrow in moderation (I)."},"content":{"rendered":"
Continuing with the healthy exercise of re-reading articles published years ago, we have come across a gem written months before the credit bubble burst. Back when no one had even considered the possibility that the monetary system\u2014borrowed from the future and spent extravagantly in the present\u2014might be unsustainable. Back then, in the spring of 2007, even the most foolish person was making a fortune virtually on the stock market or through property speculation. What sense did the relationship between wealth and production make back then, if everyone was inflating profits with borrowed money brought in from the future? Foolish indeed.<\/p>\n

Things are finally falling into place, and we\u2019ve moved on from foolish the last<\/span> to They're all idiots, every last one of them<\/span>. As the article, written on 20 April 2007, is quite long, we will be publishing it between today and tomorrow. I\u2019ll leave you with \u00abBy the time you\u2019re 30, it\u2019s too late.\u00ab Or \u00bbTake on debt in moderation. It\u2019s your responsibility.\u201d<\/a>:<\/p>\n

\"\"<\/a>Surely we can almost all agree that during our unpredictable lives we should try to accumulate assets that will allow us to reach the end of our lives with a decent financial stability. Growing old, falling ill and dying are unavoidable stages in our lives. Although, if we think about it, we can avoid old age if we die young, and even illness if we die accidentally. But in view of this, I prefer to cling to the hope of growing old and getting sick before I die.<\/p>\n

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All this in a scenario of financial comfort is more bearable. Especially because of the way you will be treated by those around you if they are waiting for a more or less substantial inheritance. We all have close cases of people who have come to their decline depending on the charity of others, be they family, friends or the State itself. Although I could not say which of these is less reliable, I would venture to establish Friends as the most stable plank to hold on to if one has maintained an honest and noble life trajectory, which is rare.<\/p>\n

Most realise this need for financial foresight when it is too late. They rely solely on their ability to produce an income. via<\/span> The banks kindly see to it that an individual can greedily consume goods far in excess of his or her productive capacity. The banks kindly see to it that an individual can greedily consume goods far in excess of his or her productive capacity. Even beyond what could<\/span> The state would be able to produce healthy working people until the age of 65 and then be supported by the state. Even in these ideal circumstances, it would never be able to generate as much as the banks can. are<\/span> The limit of indebtedness should be set by ourselves, not by the companies that live by mortgaging all our time and productivity two times over. The limit of indebtedness should be set by ourselves, not by the companies that live by mortgaging all our time and productivity multiplied by 2. And even so, moderate indebtedness should only be assumed as a depreciable investment and not for the purchase of leisure consumables. You will find some amusing situations in the novel \u00abEl vendedor de tiempo\u00bb by F. Tr\u00edas De Bes (http:\/\/www.empresaactiva.com<\/a>), which refer to the aberration of mortgaging one's entire life time for an asset, even if it is one's own home.<\/p>\n

It is true that most people never manage to break out of the vicious circle of living at the same rate at which they are able to progress. This condemns them to depend on the income generated by their work throughout their productive lives, and only live off the state in old age, something that is increasingly evident that is not going to happen. succeed them<\/span> to our generation of 40-somethings and, of course, to future generations. It doesn't matter if we are talking about an office worker with a salary of 25.000 eur<\/span>\/year or a high-earning professional earning over 100,000 eur<\/span>\/year. If they live life to the full and don\u2019t Prevent<\/span> an accumulation of productive assets over the years, they will always depend on their jobs. And unforeseen events such as work-related problems, marital problems, illnesses, etc., are always will sink<\/span>n<\/span> in hardships from which not everyone will be able to recover. Robert<\/span> Kiyosaki<\/span> christened this phenomenon of a \u00abrat race\u00bb from which it is not easy to get out of, in his popular book \u00abRich Dad, Poor Dad\u00bb. You can find out more about Kiyosaki<\/span> at http:\/\/richdadclub.es<\/a> But it\u2019s not just a matter of getting out of this rat race but<\/span> what is truly essential for achieving success is<\/span> Do it as soon as possible! That\u2019s why I\u2019ve titled this post \u2018It\u2019s too late at 30\u2019: (to be continued tomorrow)<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Sigui\u00e9ndo con el sano ejercicio de releer art\u00edculos publicados hace a\u00f1os, hemos encontrado una perla escrita meses antes del estallido de la birbuja de cr\u00e9dito. Cuando todav\u00eda nadie ni siquiera se planteaba la posibilidad de que el sistema de dinero tra\u00eddo del futuro y gastado desmesuradamente en el presente fuese insostenible. En aquel entonces, la […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-330","post","type-post","status-publish","format-standard","hentry","category-sin-categorizar"],"_links":{"self":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/comments?post=330"}],"version-history":[{"count":0,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/posts\/330\/revisions"}],"wp:attachment":[{"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/media?parent=330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/categories?post=330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clusterfamilyoffice.com\/en\/wp-json\/wp\/v2\/tags?post=330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}