Credit is the illusion of success

I’ve never had a completely empty bank account. I have never had to sell anything to just ‘make ends meet’. I have never had such a lack of money that I could not buy myself to eat. Of course, this is partly due to my income, but mostly because my attitude to credit is different.

When I was 18, I immediately completed my first credit card. I researched and found a credit card that offers many benefits. Despite the fact that these benefits were not overwhelming, if we value them in monetary terms, they were enough to feel the true taste of life.

When I started studying at a university

My spending continued to grow. Music system in dormitories – it was colossal! A beautiful bike for school. A new smartphone whenever I wanted it. My life was undoubtedly great, but it was just an illusion. It was built on credit. When I realized it, I started to eradicate my devastating money spending habits.

Anyway, I had to start paying off my credit card debt. But I also had a study loan that was given to study at a university. In one word, I was constantly owed to one or the other bank. It was definitely a time of anxiety and ignorance because I had to ask myself constantly: “Do I have enough money to pay for the loan?” But I knew it only. For people from the outside, my life seemed to be successful and great, as my room in the dorms was always full of new purchases. Everything was bought on credit – all my things were actually bank things, but no one even thought about this huge shortfall in my “success story”.

Credits help us not see how little we actually own

Credits help us not see how little we actually own

This is a psychological trick that many people have felt on their “skin”. Why do we spend more money than we actually have? Why do we need to buy all these cars, dwellings and other glowing dreams? If we don’t have our own money, we should not spend more than we can afford.

It seems that people have not yet evolved so far that they can borrow a loan and successfully cope with it. Nonetheless, there are systems in the world that literally make us borrow foreign money and then be responsible for the consequences of this action in every possible way. Victims of this system are directly and indirectly shamed and humiliated, and even in the worst cases they are left to the debt collectors and bailiffs.

Every one of us should objectively assess the reality of our life and its illusion. In reality, I don’t want to go to the warm lands, but I can’t afford it. In turn, lenders whisper the opposite. In reality, I can’t afford a car I saw in television advertising, but creditors continue to offer me loans at good interest rates.

How to find a “golden middle ground”?

How to find a "golden middle ground"?

Where can I find commitments and match my wishes with my financial situation in reality? One of the easiest ways is to realize that we don’t really need so much. Most people take credit and buy unnecessary things to justify their status in society. First of all, try to understand that in reality we need very little – most of the purchases we consider to be needs are in fact desires without which we could well do.

Every time I want to spend more money than I can just because I can afford it, I remind myself of the unpleasant feelings I felt during my credit commitment. Apart from anxiety and ignorance, I also felt a strong shame that I could not control myself. We should take more responsibility for our actions and be aware that we are living in a system that constantly forces us to spend, spend, spend, but then blames us for giving in to these temptations. The best we can do for ourselves is to hold on to any kind of loan and accept the truth that credit is just an illusion of success.

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