Take it, or don"t? by Zuzana Valkova

People were always complaining about money. Some of them didn't have any money, so they were upset about it; other people did have money, but had to pay big taxes. The same thing is happening now. People are always dissatisfied. But who do you think have a bigger problem? People with, or without money?I think people with money can not do much about their situation, only thing they can do is lie to government and pay less on taxes. But this is not very clever idea, because who wants to do something illegal? But what about people without any money? If their situation is only temporary, they can ask for a loan. Loan is a special, usually bank product. It can be used for many things. After some investigation, the bank can give them the amount of money, they asked for. After some time they have to give that money back, but with a loan interest, which can be sometimes very high. Or they can pay them back monthly, some arranged amount. But what happens, when they can not pay back, when is their situation not temporary? Then the bank is allowed to take your fortune, sell it and take the money from that. So they are in the same position like in the beginning or even worse. Other way how to ensure some money, is to ask family for a loan. But this doesn't have to be safe too. So be careful and work hard.

related story: http://news.yahoo.com/s/ap/20071205/ap_on_bi_ge/fannie_mae_capital;_ylt=AkQRKDwTeRCNjEWGsaOcd.us0NUE

by Zuzana Valkova for PocketNews (http://pocketnews.tv)

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Edited by Zuzana Tylkova