1. Debt Consolidation: The World of Bankruptcy
People say that “Money makes the world go round” and others say that “Money makes
people greedy,” do these quotations make sense? Of course yes, money really matters to people
and does a lot. Money is one of the basic needs of people, money can buy anything under the
sun such as basic necessities like food, shelter and clothing even the luxuries of life can be
bought by money; cars, gadgets, sports, and anything that is beyond our needs.
People work hard to earn money to buy their basic needs and some luxuries in life, some
people establish business, others expand their existing business, while others invest their fruit of
labor on house, car, hobby, or sports, but most of labor earners invest their money on banks to
have savings, savings that can earn small interest, a little interest that may increase in due time
that may be used in the future. Most people are securing their futures by establishing a profitable
business such as small food store or a bigger business name like construction products; rest
assured that the business that you will establish will always depends on your capital money and
the market place. But not all businesses last long it is simply because of the competition that
takes place in the business world, economics called it “perfect competition” it was perfectly
designed to measure one’s ability, patience and competitiveness in the business ground. Most
small business grown into a bigger one, some became respected companies and expanded
business. But not all the businesses grow into bigger one; there will always ups and downs in the
business world. Having a good profit will not always be the case in the business; some business
establishments have their peaks down to the point of bankruptcy because of different reasons
like improper circulation of business, misused of profit earned, weak marketing strategies,
market demands or inflation rate. Bankruptcy does not always pertain to business alone but it
pertains to money in general that can be in the forms of coins and bills. If there’s a word that a
person especially business people would not want to hear is the bankruptcy, simply because this
word means a lot to people and it may cause everyone: laborers or the employees of one’s
business, investors, business and the family of these people who are part of the business world.
Every one depends on the companies which provide occupations that generate money that is use
by every members of the family, if there is no business there will be no money generates and
multiplies that support people’s everyday lives.
People can prevent from this bankruptcy through being wise, thrifty and being
resourceful in what sense? In being keen into the usage and practicality. Use money to its
practical but and wiser way, don’t buy such stuff that is not useful to oneself. Old things can be
restored, reuse and recycle all you need is imagination, creativity and resourcefulness to generate
a new one. Strive hard, work hard, and save the fruit of your labor for your future. Save, save
and save your fruit of labor so that you can have bullets in case of demand in the near future.