The Virtues of Loans


When it comes to our personal finances, we’re deeply invested (get it?) in the state of our wallets and bank accounts, and for good reason. After all, money makes the world go ‘round, and you don’t want to be left high and dry. However, the world seems rigged, and it absolutely is, to swindle you out of as much of your hard earned money as possible, so it can be exhausting to try and keep the money you have, let alone saving money for emergencies. To make matters worse, cars and houses, two things everyone absolutely needs in the modern world, are so prohibitively expensive as to require all but the richest among us to take out a loan in order to afford them. A college education isn’t necessary… yet. But, that is slowly becoming the case, because, in today’s economy, a college degree has the approximate value of a high school diploma just a decade or two ago, so it’s cruel, but sadly not unusual, for such an important part of modern life to be gated behind astronomical costs and, therefore, debt. learn detailed updates at

There is a bright side, a silver lining, to all of this, though. Because these exorbitant fees are made so much more possible via loans, they remain accessible despite the ludicrous business models associated with these industries. That frees us up to, first of all, survive in this world that requires you to have a car and a house, and possibly a college degree. Without these things, modern life is a never ending uphill battle that will almost certainly leave you homeless and unemployed. Therefore, it’s good that in the nightmare scenario that is modern capitalism, there’s still some protection in place for the less fortunate which, by the way, is most people.


Another thing loans can help us accomplish indirectly is maintaining our existing lifestyle. By taking out a loan to pay for something with a gargantuan price tag, you’re essentially renting to own, and so you’re paying a tiny sliver of the actual cost from month to month. This frees up more of your money to buy new clothes from Fossil as needed, as well as paying rent or mortgage, buying groceries, and the list goes on. Somewhat affordable loan payments spare us, in most cases, from the death by a thousand cuts that capitalism loves.

Tagged as: , , ,