Debt Is Not Normal

Debt is not normal. People are encouraged to borrow money in the form of credit cards, bank loans, or other types of debt. Recently, the world’s second-largest economy, China, has become a major “debt-fueled growth machine,” which may negatively impact their economy and currency. However, debt is not normal and you should do everything in your power to avoid it.

It is extremely easy to get a loan. Many forms of credit are available, and even if you have no credit history, it just takes one loan or credit card to start building your credit history. Unfortunately, the application process and interest rates attached to these loans can quickly become overwhelming for an individual.

You should avoid debt at all costs for many reasons.

5 Reasons to avoid debt

1) You are a financial slave – as it is written in scriptures, Proverbs 22:7, the borrower becomes the slave to the lender. You end up working for your lender, as you have to repay and pay them interest. If you have no debt, you are free.

2) Debt encourages overspending – most individuals that have debt end up buying items they do not need or cannot afford. As a result, you will never be able to escape the vicious cycle of debt, and this can eventually force you into bankruptcy.

3) Debt is expensive – individuals that are paying back debt will spend more money on interest payments than they would have owed if they had kept the money in the bank. Sooner or later, you will be unable to pay off your debt. You increase your overtime work hours just to afford this unnecessary debt.

4) Debit can lead to bankruptcy – Once you have no debt, it is much harder to file for bankruptcy as you must prove that you do not have enough collateral to cover a bankruptcy filing. However, if you file for bankruptcy due to debt, it will be extremely damaging to your credit score and can affect your finances for many years.

5) It is a waste of money – as debt leads you into overspending, it can easily lead you into a lifestyle that is way beyond your means. In the end, you will have spent more money on unnecessary items that are only adding to your debt. You need to live below your means and stay out of debt.

Debt is not normal or necessary. You should avoid it as much as possible and stop using it as a means to live your life. Instead, you should live below your means and save money. You will be much happier if you have no debt and are living within your means.

Awesome Facts About Ottawa

Ottawa is a beautiful city with a plethora of things to do and see. There are many sights you must see while visiting, such as the National War Memorial, Parliament Hill, and the ByWard Market. You can also explore museums like the Canadian Museum of History and Confederation Square Park on your trip.

Below you can check out 15 awesome facts about Ottawa

1. We will begin with the obvious… and that is, Ottawa is Canada’s capital city.

2. The current mayor of the city is Jim Watson.

3. The city’s largest employer is the federal government.

4. Ottawa is located on the Ottawa River in a territory surrounded by Gatineau, Quebec.

5. It was founded in 1827 as Bytown.

6. The city has many historic buildings and sights to see, such as Ottawa’s Parliament Hill and the Rideau Canal.

7. The Rideau Canal is a system of locks on the canal that connects the city to Kingston, Ontario, and Montréal, Québec. The connection is used for commercial shipments of goods from Canada to its American neighbours through Lake Ontario, while still allowing ship traffic to pass through both waterways.

8. The city of Ottawa is the 6th largest city in the nation behind Toronto, Montreal, Vancouver, Calgary, and Edmonton. Ottawa is home to about 1 million people.

9. Ottawa was once the capital of Upper Canada and later the Province of Canada.

10. Ottawa is home to both The National Arts Centre and the National Gallery of Canada, and it is also home to two main public television stations in Canada: CBC Ottawa, and CTV Ottawa (CTV News). The city boasts several other television stations that serve to reach out to residents throughout the city.

11. Thousands of people come to Ottawa each year for its winter activities, from skiing at Mont-Sainte-Anne or Mont Tremblant, to tobogganing down a slope at Christian Lacroix Park or skating on Rideau Canal Ice Rink.

12. The city is home to the Ottawa Senators. They are a professional hockey team that plays in the National hockey league (NHL).

13. The Ottawa Gee-Gees who are members of the U Sports football conference and compete in the Ontario University Athletics.

14. Ottawa is home to a Tier 1 Junior “A” ice hockey team called the Nepean Raiders.

15. Ottawa has a very high literacy rate thanks to having some of the best universities and colleges such as Algonquin College, Carleton University, and the University of Ottawa.

Cool Facts About Seattle

Seattle is the largest city in the Pacific Northwest region of North America. The original name of Seattle is Duwamish, meaning “people living at the river”. It became a major trading hub in the 19th century, which lead to an economic boom and rapid population growth. Today its economy is driven by software and service companies with a diverse range of industries including biotechnology, tourism, and aviation.

Seattle has been prosperous for decades and it continues to be one of the fastest-growing cities in the nation. The city has many claims to fame with three professional sports teams (the Seahawks, Mariners, and Sounders) headquartered there and notable music artists like Macklemore who call it home.

Want to find out more? Check out these 18 facts about Seattle below.

1) This one might be hard to believe for some of you but Seattle has more cats and dogs than children.

2) The city is home to two of the top 5 richest men in the world, Jeff Bezos and Bill Gates. Bezos is currently the richest man in the world with a net worth of 193.1 billion USD. Bill Gates is currently the 4th richest person in the world with a net worth of 132 billion USD.

3) Seattle is the worldwide headquarters of both Microsoft and Amazon, and various other tech companies. It is also home to Starbucks.

4) Seattle is one of the most expensive cities in the United States.

5) Henry Yesler is one of the city’s icons and legendary businessmen. Born in the small town of Hagerstown in Maryland on December 2, 1810, he was the city’s first millionaire and served as Mayor two times. He died on December 16, 1892.

6) Seattle is one of the most educated cities in the United States. An estimated 60% of the population over 25 have university degrees.

7) The Pike Place Market is a great place to buy all kinds of food such as fresh fish, meat, and other crafts items. An unknown fact about this place is that over 400 people actually call it home, they live there.

8) Located on Battery Street, the Pink Elephant Car Wash is the most photographed object in the city.

9) Among many nicknames, Seattle has been dubbed the “Amsterdam of the United States”. No other city in the US has more bicyclists than Seattle.

10) Speaking of nicknames, Seattle is known as Emerald City, The Coffee Capital of the World, Rain City, and Jet City.

11) Bertha Knight Landes is the city’s first female mayor… elected in 1926.

13) Among many of the city’s attractions, the Space Needle is a 605ft observation tower offering breathtaking views of the city. It is a major attraction in the city.

 

14) The city’s Evergreen Point Floating Bridge is the longest floating bridge in the world.

15) Back in 1889, The Great Seattle Fire burnt down all of the city’s central business district.

16) The city gets less rain per year than Houston, New York City, and Atlanta, despite the city’s nickname as “Rain City”.

17) Seattle has the largest houseboat population in the United States.

18) It lies on the Cascadia fault line, which means it is due for a big Earthquake.