And when the shoe drops? @kaylinart

Never a borrower or lender be

Polonius:
Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
Hamlet Act 1, scene 3, 75–77

Shakespeare merely borrowed a commonly accepted dictum of the Roman Catholic Church.

Ireland has now ditched that diktat, both in public debt & personal finance, long before becoming the first country in the world to legislate gay marriage by popular vote.

If you don't have ten credit cards and tons of loans and monthly payments you are failing in life. That's the new way of living, lots of debt. And living paycheck to paycheck. Why delay happiness when you can have everything you want now.

In theory, a bank will loan you money for an unlimited amount in Dubai. All you need to do is sign a blank cheque.

The bank can then present your blank security cheque at their discretion, whenever you default, in their opinion.

It is a criminal offence if you dishonour a cheque in the UAE.

There is good debt & bad debt. What constitutes good debt, like beauty, is in the eye of the beholder. But, that's a topic for another day.

If I am not confident that I can repay, on a specific schedule and/or have a plan on how I can repay, other than hope & wishful thinking, I don't borrow.