Tuesday, 5 November 2013

How to Become Beggar at the End of this Year


How to Become Beggar at the End of this Year

Post written by Sherin Devassy. Follow me on Twitter

Last week of 2009 and first week of 2010 consider as new resolutions weeks. This is the time most of the people consider to set brand new resolutions for New Year and start plans to achieve it. I have also set a unique resolution for this year, "How to become a beggar”, at the end of this year! I have not only set this as a New Year resolution, but also have identified some best workarounds to achieve this resolution at the end of this year or even before it! It all depends on how one follows these workarounds:

how to become beggar1. Budgeting is useless and time wasting. So don't have a budgeting in line. Spend more than real earning in each month. If more money required, borrow it from friends, banks or lending organizations. Make shopping, probably every day, as a hobby and wonderful if that is doing with borrowed money.

2. Apply for two or more credit cards and frequently use each of it with an intention to get "Customer of the year" award from the credit card company. Never pay the money in right time, but use other cards to pay the money back. Have credit card rotation to pay the bills of other cards as a hobby.

3. Think that debts are so common and no one in this world is free from it. So apply for possible personal loans to get the real taste of falling into debt. Repay whenever you have money and don't pay if you don't have money. Borrow more money from other lending organizations or take more personal loans to pay installments of previous loans.

4. Buy each and every new item reaching to the market. If you don't have sufficient money, take personal loan, use credit card or even withdraw possible amounts from your pension plan or employee saving schemes.

5. Take an investment path to become a ‘fast beggar’. To invest, follow the public and their words entirely. Follow tips from all including analysts. Trade frequently upon broker's tips, recommendations and sweet words and smile. Use borrowed money to start day trading using technical analysis. If possible, trade twice or more in a day using big amounts. Buy stocks when prices are going up. Invest on companies that have very good advertisements, glittering annual report covers, high competitor base and especially who have lavish managements and huge debts.

6. Never think about protecting family through insurance. Never have medical or term or loan cover or vehicle insurance including third party..

7. Don't teach kids about money and convert your wife as a shopping lady. Have all facilities like electronic items, heaters and air conditioners run always.

Above are some points to follow to become a beggar at the end of year 2010. If you have more idea than this, most welcome to point it out here.

Picture courtesy: Donald Macleod


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