The Really Obvious Thing We All Forget When Borrowing Money
The Really Obvious Thing We All Forget When Borrowing Money
by THE INVESTOR
Have you ever wondered who you’re borrowing money from when you go into debt? If you think you’re being given money by a bank or credit card company, think again. In this piece I’ll explain in one sentence who is really lending you money when you borrow. The rest of the article will explain why it costs you more than you might think to take it.
Borrow now, and have less later
Loans, mortgages and credit cards are mechanisms through which you can borrow money. They don’t give you a penny to spend. So where does the money come from? When you borrow money, you’re borrowing from your future self. Loans and credit cards turn the impossible into reality, taking money you’ll have in the future and giving it to you today. It’s an almost magical process that clouds where the borrowed money comes from, and what it actually costs.
Let’s say you want to buy a new computer. You have three choices:
Save up to pay for it - Borrow the money - Steal the money, or the computer
Option 3 is the cheapest, but it has practical, moral, and spiritual consequences. Option 1 requires you to live within your means, save the difference, and delay owning a PC until you can afford it. You may even buy a cheaper PC so you can own one sooner. If you don’t like waiting and you don’t like compromise, you’ll probably go for option 2.
In some households, option 2 is the standard choice. Such people regularly borrow money to buy everything from the groceries to their summer holidays. Borrowing might be done via: A credit card - A personal loan - Adding to the debt in your mortgage - Using a doorstep lender - A hire/purchase arrangement
All these options have advantages, costs, and consequences. Smarter borrowers shop around for the cheapest method. Others take the first loan that comes along. Finding the cheapest way to borrow is a subject for another article. The key point is that all these methods have the same common structure: You borrow money - You must repay it
To continue reading, please go to the original article here:
https://monevator.com/the-really-obvious-thing-we-all-forget-when-borrowing-money/
MilitiaMan & Crew: What's Happening Now: Militia Man's Take on Current Events
8-31-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
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KTFA
Monday Night Video
FRANK26…8-31-26….LOUDER ANNOUNCEMENT!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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Good Afternoon Dinar Recaps,
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Hypothetically Speaking:
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Coffee with MarkZ, joined by Bob Lock. 08/31//2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: US strikes on Iran over the weekend, fuel lines, and progress in Iraq. Bob Lock joins us at around the 30minute mark. Dr. Max will join around 1 hour in to talk about the mushroom farm event September 12th.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
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Good Morning Dinar Recaps,
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TNT:
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The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
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