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Originally Posted by Haris  Since my current PC is not capable to run the softwares which I require such as Adobe photoshop CS2. I'm planning to switch to iMac 17".
I don't have enough money but I'm planning to borrow money from my parents? I've heard leasing money is against self-discipline? Is that true?
Please let me know the disadvantages according to the PD by leasing money.
Cheers,
Haris |
I don't think you can categorically say that leasing/borrowing money is contrary to the principles of self discipline. I'll agree that too many people misuse credit because they're unwilling to delay gratification, but at its essence credit is a tool. You can use it wisely or unwisely. Just using it is neither good nor bad--this can't be determined without some context.
In other words, its not a black or white answer--for some people there are tax advantages to using credit, leasing vs. buying, etc. Another poster gave the example of buying a house--most people are better off owning than renting, even though renting is "paying as you go" while for most people buying a house requires taking out a mortgage.
I'd suggest that the answer to your specific question requires a little more context--is it a case where you just want a new gadget and you're rationalizing it as being integral to your educational/professional development? Or is it really something that you *do* need to progress toward your desired goals? These are questions that only you can answer.....