Dai Yee Long

For the Chinese-speaking people, I’m sure they’ll understand the title of my article today. For those who don’t, the direct translation will be, “Big Ear Hole.” It implies something that will drill the hole in your ear bigger and bigger, until you lose your brain and head. Haha.. that’s my own understanding. Well, the actual meaning would be, loan shark. Or better known as, “Ah Long”.

The recent death of the 3 siblings murdered by their parents with bleach and kitchen gas surely has saddened the Malaysian folks. As usual, fingers started pointing everywhere, including the other family members and friends who didn’t lend a hand, government who didn’t put a stop to these loan sharks’ businesses and etc. A friend or family member may help you once, twice, thrice... but definitely you don’t expect them to clear your junks your entire life! You have to first look into the root of the problem. First stop creating junks.

My point here is, my dear friends, don’t point fingers at people when things do not turn out right. In the first place, one should never loan money from these people. They are not called SHARKS for no reason. Whatever problem you may face, DO NOT APPROACH THESE SHARKS.

Well, if you do not want to approach these people, dun think that the banks will supply you personal loans without checking your background first. Those with dirts and dusts in the financial history will be unlikely for any loan candidate. So, the core issue is, do not get into any kind of debt in the first place.

These are a few reasons why people run into debts.
Gambling habit. A fatal habit, which can actually drag the whole family into the fire of hell. Buying share without understanding the company’s nature is also a form of gamble.
Pleasure in using credit cards. While credit cards are definitely a necessity in today’s modern world, but always check your balance. And spend only what is necessary. Keep a habit of writing your personal spending accounts in order to keep track of what you’ve spent on. Many people, despite a zero credit, still dares to buy furniture, handphone and other accessories with no worry in their mind. Daring in this case could spell you trouble fren…

Bought cars and houses… without planning. Too many downpayments with too much of car loans.

Bought too many insurance. Having insurance is fine, good… but one do not need too many of them. Once you start to have problems in your current job, where will you get the money to pay up the thounsands of insurance bill? This applies especially for the young parents who started buying insurance for their children at infancy age. Halo?? Ultimately, either you run into debt, or your premium becomes void – which means you lose money also.

So to my friends out there, keep yourself clear of these four debt-inducing issues. =) All the best.