These days almost every TV channel has its own talent hunt show, inspired by Indian Idol, showcasing judgement and other talent of of who is who of the music industry. Some of them even managed to have warring personalities like Annu Malik and Alisha Chinoy to share the same dais.
Any one with even an iota of interest in personal finance & its workings would probably know that credit card debts and personal loans are usually the worst kinds of debt traps that you can fall into. Yet many people fall into that trap again and again. Many people do come out of it eventually but some don't & this becomes a part of their "lifestyle". That you are eventually paying much more than you need to, if you default on credit card payments intentionally or unintentionally (probably @ 36 % per annum or something similar) or take a personal loan (say, @ 12% per annum or so) is not hard to fathom. However behind these numbers, there may be even a deeper story - that usually that of not having control over expenses or not having created a buffer amount. While there may be some pressing need like unplanned or recurring medical expenses which fuels sudden demand of money or an unexpected job loss, in many other cases this need may be fueled by lack of plani...
U know what, I wrote a post on the same thing yesterday...But I guess, these shows are fun to watch :)
ReplyDeleteYeah ... often they r fun to watch , esp when u have likes of Himesh going gr8 guns !
ReplyDeleteBut eventually it becomes a bit irritating with people deviating from singing and indulging in emotional showbaazi to get sm brownie points.