Continuing from part one How to live and Die (1) – Sad post on what I think are some of the points that one needs to keep in mind to have a good Life and Die a peaceful death, the first point as I said is health.. as Health is Wealth..
The next point that is equally important is MONEY.. I don’t like beating around the bush and I am sure a lot of people will be shaking their heads but believe you me that I do think after Health the next most important is a healthy bank balance: OH Yes this is a must, and If you owe some money to someone then you need enough to pay off that debt and as soon as possible. We humans have this tendency that if we owe someone and even though we have enough money we try to keep it closer to us as much as possible and for as long as possible, I don’t know why we don’t just pay our debts off at the earliest.
I recently found this out, that I do owe money to someone, I hope I am able to pay it off as soon. Over the time I have also realised that expensive gifts taking-giving need to be stopped, because when relations go sour suddenly that money spent cuts into an already sour relation.
Anyway I am deviating from the point .. One needs to have a healthy bank balance enough to provide a few comforts, and most importantly One should have enough for fun time, small little things like going for movies, eating out, holidays etc etc. Holidays May not be luxury holidays but some that can release all that pressure that builds up, somewhere that relaxes you.. I have a perfect place where I get relaxed the most .. My Village house.. That’s one place where I feel happy even when everything around me is falling down. Although saying that I had not been there for so long, so this year when I spent 2 weeks it felt like heaven, I have made my self promise ME.. that I am going to spend at least ONE week each year at home, That definitely means I need that MONEY – a healthy bank balance to do just that, as coming to India is becoming more and more expensive each passing day.
Not having enough money to just have basic recreation is very demoralizing. I was talking to a friend on this , he mentioned that he has a mortgage and some credit card bills, But I would not advice anyone to Live on credit or borrow , as that is far worse , it is demeaning and lowers one in one’s own eyes, especially if you are unable to pay the installments.
Now that we are talking about Money PLEASE don’t lend money especially to friends, I know I am being horrible but it is truth, you lose friendship and the Money.
As I said we humans have this tendency that we like to hold on to that money for as long, even if we owe. If you ask your friend for the money back, you are suddenly not that good a friend, so friendship lost with that money too, I had just that experience one of my EX friends lost his job, as he ran into arrears with mortgage he was losing the house too , so he asked me if I could take a loan for 7k as his credit history was in jeopardy, and he was not getting a good rate from the bank, He wanted to pay off all his credit cards so the 400 to 600 pounds a month he was paying on minimum payment could be avoided, The installment for the loan came to 187 odd pounds which was much better than all that he was paying for cards. He promised that he would be paying the installment every month, I was the best friend then :) Other than the mortgage I have never taken a loan, so it was easy to get the loan.
First I had to ring him telling him to set a direct debit for each month so the payment came into my account and then the loan bank took it , that did not happen, First month the direct debit was not set, he put the money in my account Phewww, Next month again the same story but No Money third-fourth-fifth every month the same story, so Now I have given up, its been almost 13 months, haven’t seen a DIME come to me and I am paying the loan, I don’t even know what to do as I guess the friendship is gone , I don’t trust him any more. I earn pretty good but even I can’t afford paying 200/- odd each month for the next 5 years, the money I can use to pay off my debt or save it so I can do what I want to do like coming to india.
After Health — Money is the most important thing in life no matter what people say.. even the billionaires need the money..
The Next important fact after Health-Money is Having your own home, and by that I mean the one which you may buy yourself, I am strong believer that if you buy your own with your own hard-earned money you feel more Happy.I know in today’s economy it’s a big task to buy one’s own home and many many of us live in the house that we have got from our parents they probably from their’s, It is yours but it is not yours .. If you know what I mean.
Many people these days live on rent , Renting a place never gives you the comfort or security that you get because somewhere in the back of your mind it’s always something that you will have to vacate. BUT saying that these days especially in india No one vacates.. If you give your property on rent it seems you have done one of the worst things ever.. this brings added tensions to the owner.. I have burnt my fingers in that too. Use to have a Shop in Chandigarh the normal rent in the sector is at least 60 to 70000, but the gentleman who rented ours paid a measly 2200/- , yeah just 2200Rs. My father was a very soft man, the guy would come and cry how difficult the situation is and my dad would say ok next year we will increase , this carried on for 40+ years. So Last year I sold it off to a friends Uncle at 30% less than the market price, he has enough clout to throw this tenant out on the road, and then I got phone calls every day from him telling me he is ready to up the rent to whatever price I said, but too late for that.
I dont know why we have this mentality if we are having something good we over do it , this guy had all his business , everyone knew him and now when he would have had to set up his work at a different place , at a higher price he realises he was wrong, I remember 4 years ago when i had gone to india I had a chat with him and had told him that , he was wrong, He did the usual sob story and said can afford to increase the rent to 3000Rs. only , I just turned back and said leave it , he can have the 800rs. it will help his family more.. But serves him right.
I got so scared of this tenant business that , the house I had bought a year and half ago , we had given it on rent but now I have got it vacated and I plan to have it like that , we have a care taker who lives in it , the guy who worked our fields has a second wife :) , yeah I know :) .. and one kid, so the other family live in that taking care of the house , it helps both of us he doesn’t have to pay for rent , he was paying previously and we have someone looking after the house.