January 11, 2014

A part of us becomes bonded labourer whenever we buy something on installments.

There is a commitment to pay every month.

There we have to work every month.

We have to earn every month and pay back.

The bonded laboured are in same position. Some amount is paid upfront. In return they sell their freedom and bound themselves to work for their master.

This does not mean that to buy on instalment is always bad.

There may be cases where product which we buy is an investment which start giving returns more that we have to pay for instalments.

The point is to choose wisely when you are buying something on instalments.

Haresh Raichura
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