The Illusion of Ownership and the Debt Trap [ENG-URDU]
The Illusion of Ownership and the Debt Trap
When I left my house this morning, I saw my young neighbor sitting proudly in his new car. I went forward to congratulate him and asked about the price. He told me that he had acquired it by paying an advance and had not bought it in cash. I asked, "So how much did it cost you on installments? And in how many years do you have to pay the installments?" I was stunned to hear his answer. For one thing, the car was bought at double the price, and then, despite paying one-third of the total amount as an advance, the installments were for a full three years. To make matters worse, the monthly installment amounted to more than half of his salary.
I asked in surprise, "Brother, three years is a very long time, while your job only started two years ago." In response, he said proudly, "Oh my friend! What world are you living in? Nowadays, everyone buys on installments." Hearing this sentence, I fell into thought. Is everyone really living their life on installments nowadays? On one hand, we see that every second Pakistani is suppressed under the burden of debt in some form or another. Have you ever thought that these are the very chains pushing us into the swamp of poverty?
The Trap of Luxury and Social Status
I asked a bank manager, "On what things are most of your loans given?" His answer was, "70 percent of our personal loans are given for mobile phones, cars, and luxury items." What a tragedy this is, friends! It means we do not take loans for our basic needs, but we do not hesitate at all to take loans for showing off. There is a young man in my neighborhood whose monthly income is 30,000, but his iPhone is worth 150,000. I asked, "Son, how did you get this phone?" He told me, "30,000 was the down payment and the rest in 12 installments."
Do you know that this is the behavior making us economic slaves? We very easily take loans for things we don't actually need. Why? Purely and only so that we can show off to others. Even our so-called middle class takes loans up to five hundred thousand for their weddings. Brother, what use will such a large amount be? The answer will be, "We have to feed 300 guests at the Valima (post-wedding reception) and maintain our nose in society as well."
The Illusion of Wealth and Social Pressure
Respectable readers! To tell the truth, my hair stands on end hearing such answers. Are we really ready to bury our future generations under the burden of debt just for show? The question arises as to why we are doing this after all. Perhaps a major reason for this is the social pressure in which we are living. We have made wealth a symbol of respect. We think that using expensive things raises our social status, while the reality is that by spending more than our income, we are actually working to lower our social status.
Just think, is it not a tragedy that if people in developed countries spend a mere 30 percent of their income on installments, then quite the opposite, this rate reaches up to 70 percent among us. This is the reason we are never able to become financially strong. These installments become those usurious moneylenders for our income who suck the blood of the poor. Furthermore, among its disadvantages is that by falling into this circle of confusion, we lose investment opportunities. The money we are giving for the payment of installments, if we had put that same money into investment, we might have become rich long ago.
Strategies for Financial Freedom
I believe that a successful businessman is one who, when his contemporaries and friends are buying cars on installments like this, puts that same money into starting some small business of his own. In this way, he becomes a millionaire in no time, while his friends are still paying installments at that time and planning to take new things on installments. So friends, can we get out of this trap of debt? Can we save our future generations from this financial slavery?
I think yes! We just have to adopt a few major principles and make them an essential part of our lives for a lifetime. First of all, we should always spend less than our income. Unless there is an extreme compulsion, do not take a loan for even the most important matter under any circumstances. And along with this, definitely save at least 20 percent of your income every month. And most importantly, we should focus on our needs instead of showing off.
Breaking the Chains of Debt
Respectable readers! We have to decide today that we will get out of this race of installments. We have to determine today that we will give the most importance to our financial freedom because the truly rich person is not the one who has expensive things but the one who has no debt. No one becomes a king by wearing the chains of installments but remains a slave, and these installments remain the characteristic and symbolic sign of that slave, and that is all.
ملکیت کا فریب اور قرض کا جال
میں آج صبح گھر سے نکلنے لگا تو دیکھا کہ میرا پڑوسی نوجوان اپنی نئی گاڑی پر فخر سے بیٹھا تھا۔ میں نے آگے بڑھ کر اسے مبارکباد دی اور ساتھ ہی قیمت پوچھی تو اس نے بتایا کہ ایڈوانس دے کر نکلوائی ہے، کیش میں نہیں لی۔ میں نے کہا: "تو انسٹالمنٹ پر کتنے کی پڑی۔۔؟ اور قسط کتنے سالوں میں ادا کرنی ہے۔۔؟" اس کا جواب سن کر میں چکرا کر رہ گیا۔ ایک تو گاڑی دگنی قیمت میں خریدی تھی، پھر کل رقم کا ایک تہائی ایڈوانس ادا کرنے کے باوجود قسطیں بھی پورے تین سال کی تھیں۔ اس پر اضافہ یہ کہ ماہانہ قسط بھی اس کی سیلری کا آدھے سے زیادہ بنتی تھی۔
میں نے حیرت سے پوچھا: " بھئی تین سال تو بہت لمبا عرصہ ہے، جبکہ تمہاری نوکری تو صرف دو سال پہلے ہی لگی ہے۔" جواباً اس نے فخریہ انداز میں کہا: " ارے میاں! کس دنیا میں ہو؟ آج کل ہر کوئی قسطوں پر ہی تو لیتا ہے۔" یہ جملہ سن کر میں سوچ میں پڑ گیا۔ کیا واقعی آج کل ہر کوئی قسطوں پر ہی زندگی گزار رہا ہے۔۔؟ ایک طرف ہم دیکھتے ہیں کہ ہر دوسرا پاکستانی کسی نہ کسی شکل میں قرض کے بوجھ تلے دبا ہوا ہے۔ کیا آپ نے کبھی سوچا کہ یہی وہ زنجیریں ہیں، جو ہمیں غربت کی دلدل میں دھکیل رہی ہیں۔
تعیشات اور سماجی رتبے کا جال
میں نے ایک بینک مینیجر سے پوچھا: "آپ کے زیادہ تر قرضے کس چیز پر دیے جاتے ہیں۔۔؟" اس کا جواب تھا: "ہمارے 70 فیصد پرسنل لون موبائل فون، گاڑی اور لگژری ائٹم پر پر دیے جاتے ہیں۔" یہ کیسا المیہ ہے دوستو! یعنی ہم اپنی بنیادی ضرورتوں کے لیے تو قرض نہیں لیتے مگر دکھاوے کے لیے قرض لینے میں ذرا نہیں ہچکچاتے۔۔؟ میرے پڑوس میں ایک نوجوان ہے، جس کی ماہانہ آمدنی 30 ہزار ہے، مگر اس کا آئی فون ایک لاکھ پچاس ہزار کا ہے۔ میں نے پوچھا: "بیٹا! تم نے یہ فون کیسے لیا۔۔؟" اس نے بتایا: "30 ہزار ڈاؤن پیمنٹ تھی باقی 12 قسطوں پر۔۔!
کیا آپ جانتے ہیں کہ یہی وہ رویہ ہے، جو ہمیں 'معاشی غلام' بنا رہا ہے۔ ہم ایسی چیزوں کے لیے بڑی آسانی سے قرض لے لیتے ہیں، جن کی اصل میں ہمیں ضرورت ہی نہیں ہوتی۔ کیوں۔۔؟ صرف اور صرف اس لیے تاکہ دوسروں کو دکھا سکیں۔ ہمارا متوسط کہلانے والا طبقہ بھی اپنی شادیوں کے لیے پانچ پانچ لاکھ تک کا قرض لے لیتا ہے۔ بھئی اتنی بڑی رقم کس کام آئے گی۔۔؟ تو جواب ملے گا: " ولیمے میں 300 مہمانوں کو کھانا کھلانا ہے اور معاشرے میں ناک بھی تو قائم رکھنی ہے۔"
دولت کا وہم اور سماجی دباؤ
قارئین کرام! سچ پوچھیے تو میرے تو ایسے جواب سن کر رونگٹے کھڑے ہو جاتے ہیں۔ کیا واقعی ہم دکھاوے کے لیے اپنی آنے والی نسلوں کو قرض کے بوجھ تلے دبانے کے لیے تیار ہیں۔۔؟ سوال یہ پیدا ہوتا ہے کہ آخر ہم ایسا کر ہی کیوں رہے ہیں۔۔؟ شاید اس کی ایک بہت بڑی وجہ ہمارا وہ سماجی دباؤ ہے، جس میں ہم جی رہے ہیں۔ ہم نے "دولت" کو "عزت" کی علامت بنا لیا ہے۔ ہم سمجھتے ہیں کہ مہنگی چیزیں استعمال کرنا ہماری سماجی حیثیت کو بلند کرتا ہے، جبکہ حقیقت تو یہ ہے کہ ہم اپنی آمدنی سے زیادہ خرچ کر کے درحقیقت اپنی سماجی حیثیت کو گرانے کا کام کر رہے ہیں۔
ذرا سوچیے کیا یہ المیہ نہیں کہ ترقی یافتہ ممالک میں اگر لوگ اپنی آمدنی کا محض 30 فیصد حصہ قسطوں پر خرچ کرتے ہیں تو اس کے بالکل برعکس ہمارے ہاں یہ شرح 70 فیصد تک پہنچ جاتی ہے۔ یہی وجہ ہے کہ ہم کبھی مالی طور پر مضبوط نہیں ہو پاتے۔ یہ قسطیں ہماری آمدنی کے لیے وہ سود خور مہاجن بن جاتی ہیں، جو غریب کا خون چوستے ہیں۔ پھر اس کے نقصانات میں یہ بھی ہے کہ اس گول مال کے چکر میں پڑ کر ہم سرمایہ کاری کے مواقع کھود دیتے ہیں۔ جو رقم ہم قسطوں کی ادائیگی پر دے رہے ہوتے ہیں، اگر وہی رقم ہم سرمایہ کاری پر لگاتے تو شاید کبھی کے امیر ہو چکے ہوتے۔
مالی آزادی کے طریقے
میں تو یہی سمجھتا ہوں کہ ایک کامیاب تاجر وہی ہوتا ہے جب اس کے ہم عصر اور دوست احباب اس طرح قسطوں پر گاڑیاں لے رہے ہوں، تب وہ وہی رقم اپنے کسی چھوٹے سے کاروبار شروع کرنے میں لگا دے، یوں دیکھتے ہی دیکھتے وہ کروڑپتی بن جاتا ہے جبکہ اس کے دوست اس وقت بھی قسطیں بھر رہے ہوتے ہیں اور نئی چیزیں قسطوں پر لینے کی منصوبہ بندی کر رہے ہوتے ہیں۔ تو دوستو! کیا ہم اس قرض کے جال سے نکل سکتے ہیں۔؟؟ کیا ہم اپنی آنے والی نسلوں کو اس مالی غلامی سے بچا سکتے ہیں۔۔؟
میرا خیال ہے ہاں! بس ہمیں چند موٹے موٹے اصول اپنانے ہوں گے اور انہیں تاحیات اپنی زندگی کا لازمی حصہ بنانا ہوگا۔ سب سے پہلے تو یہ کہ ہم ہمیشہ اپنی آمدنی سے کم خرچ کریں۔ کوئی انتہائی مجبوری جب تک نہ آ جائے کسی اہم سے اہم معاملے کے لیے بھی قرض کسی صورت نہ لیں۔ اور اسی کے ساتھ ہر ماہ اپنی آمدنی کا کم از کم 20 فیصد بچت ضرور کریں۔ اور سب سے اہم تو یہ کہ ہم دکھاوے کے بجائے اپنی ضرورت پر توجہ دیں۔
قرض کی زنجیروں کا خاتمہ
قارئین کرام! ہمیں آج ہی فیصلہ کرنا ہوگا کہ ہم قسطوں کی اس دوڑ سے نکلیں گے۔ ہمیں آج ہی طے کرنا ہوگا کہ ہم اپنی مالی آزادی کو سب سے زیادہ اہمیت دیں گے کیونکہ اصلی امیر وہ نہیں جس کے پاس مہنگی چیزیں ہوں بلکہ وہ ہے جس کے پاس کوئی قرض نہ ہو۔ قسطوں کی زنجیریں پہن کر کوئی بادشاہ نہیں بن جاتا بلکہ غلام ہی رہتا ہے اور یہ قسطیں اس غلام کا شعار اور علامتی نشان بن کر رہ جاتی ہیں اور بس۔۔۔!
Posted Using INLEO
Thank you for your article not many people are talking about this because they are afriad of judgement from others . I hope soon that neighbor of yours will soon realize that in three years many things can happen that require having a big chunck of money. They are also a great example of Performative Consumer I am pretty sure they did not buy that Iphone and brand new car because they really need it like that but to display and upgrade their status with others . I wish schools will teach us about Financial Literacy however it is not too late for some people to change and learn it .
I have seen so many people fail to pay back their loans and get their cars repossessed. I had a friend who did exactly this. He took a bank loan, got a car in his name, and put it on daily rental. It actually went well at first, so he kept repeating the process until he had three cars all on daily rental just to pay off the bank.
Then, one of the cars had a major accident. Of course, the insurance was slow and did not cover all the damages since it was limited to a specific amount. His whole model just broke down after that. He could not keep up with all the loans on his head and eventually had to sell his other cars too. In the end, he was left with nothing because he leveraged the bank loans way too much. It is honestly just like people trading crypto with 20x leverage and getting rekt.
That is the thing as well there will be always the right time to upgrade your business . Don't speed up things by getting in bad debt .While working a business still work in your 9 to 5 . So that when businesses fails you have something to fall back on . Work and patience.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
#bilpcoin #bpc exposed #buildawhalescam #buildawhalefarm #themarkymarkscam #themarkymarkfarm #hurtlockerscam #hurtlockerfarm #acidyoscam #acidyofarm #jacobtothescam #hivepopescam
BPC Locked On Mc Franko & The Franko
Blurt Stands — While Hive Stumbles Under the Weight of Its Own Shadows
Friends, creators, truth-tellers—
Let us not whisper this truth, but proclaim it with the clarity of dawn breaking over a weary land: Blurt.blog is not just another platform. It is a refuge. A rebellion. A return to what Hive.blog was always meant to be.
There is no downvote button on Blurt.
Not because we fear dissent—but because we honor creation.
Because we understand that a voice, once raised in sincerity, deserves space—not sabotage.
On Blurt, your words are your words.
They are not hunted by algorithmic hounds or shadow armies masquerading as “curators.”
Here, you are not judged by the grudges of gatekeepers, but met with the quiet dignity of a community that believes expression should be encouraged—especially when it is bold, raw, or inconvenient.
Contrast this with what festers elsewhere.
On Hive.blog—a place once brimming with promise—a rot has taken root. Not in its code, but in its culture. A handful of self-anointed enforcers—@themarkymark, @Buildawhale, @Hurtlocker, and their legion of coordinated puppets—have turned the downvote into a weapon of mass discouragement. They strike not at “low-quality content,” but at independent thought, at rising voices, at anyone who dares thrive outside their narrow corridors of control.
And when confronted, they shrug.
“Oh, it’s not censorship,” they say, as if semantics could scrub the stain of suppression from their hands.
But let us be unequivocal:
When a system allows a few to systematically silence many—under the guise of “community standards” or “curation”—that is not moderation. That is censorship by another name.
It is the velvet glove over the iron fist.
It is exclusion dressed as discernment.
It is power pretending to be principle.
Meanwhile, Blurt stands clean-handed and open-hearted.
No downvotes.
No hidden juries.
No farms of phantom accounts casting ballots in the dark.
Just you.
Your words.
And a community that meets you not with suspicion, but with solidarity.
So let us carry this truth far and wide—not with bitterness, but with quiet certainty:
If you seek a place where your voice is not a target—but a gift—come to Blurt.
If you are tired of building on ground that shifts with every whim of a whale or warlord of votes—lay your bricks here.
If you believe the future of free expression must be free—not just from corporations, but from the petty tyrants who replace them—then stand with us.
The world needs to know.
Not because Blurt is perfect—but because it is principled.
Not because it is loud—but because it listens.
And in an age where so many platforms echo with the clatter of control,
Blurt offers something radical:
Silence for the bullies.
Space for the rest of us.
Keep speaking.
Keep sharing.
Keep building.
Freedom doesn’t advertise itself—
it is passed, person to person, like a torch in the night.
And tonight, the torch burns bright on Blurt.
@themarkymark, @buildawhale, @usainvote, and associated accounts:
Repeated downvotes targeting transparency efforts raise urgent questions about Hive’s governance. Automated tactics, coordinated curation trails, and alt-account farming undermine trust in the platform. When truth is silenced without dialogue, it erodes Hive’s decentralized ethos.
Key Concerns:
Systemic Manipulation:
Community Exodus:
Governance Crisis:
Solutions Needed:
The Bilpcoin team advocates for open dialogue, not division. Hive’s future depends on collaboration—not coercion. Let’s rebuild a platform where truth isn’t buried but debated, strengthened, and celebrated.
Transparency isn’t optional—it’s the foundation of trust.
#HiveTransparency #BilpcoinExposed #DecentralizePower"
A Message to @themarkymark, @buildawhale, and Associates
Every downvote cast in shadow, every silence imposed without dialogue, is not a victory—it is a confession. A confession that truth cannot be stifled, only delayed. With each punitive click, you dig deeper into the bedrock of credibility, crafting a chasm between your actions and the community’s trust.
@themarkymark, @buildawhale & Co,
How can you continue to downvote the truth, LOL? It’s almost comical how blatantly you attempt to suppress what cannot be hidden. The blockchain records everything—every action, every transaction, every move you make. Yet still, you persist in this futile game of trying to silence what is undeniable.
@themarkymark, @buildawhale, and Co: While our opinions may differ, on-chain transparency reveals repeated patterns of concern. Coordinated downvotes without explanation, 'farming' schemes (e.g., #buildawhalefarm), and adversarial engagement harm Hive’s community-driven ethos.
Key Issues to Address:
A Path Forward:
The Bilpcoin team remains committed to exposing truth and advocating for solutions. Let’s work toward healing, not division.
Note: All claims are based on publicly verifiable blockchain data. Constructive dialogue is encouraged.
#HiveTransparency #CommunityFirst #BilpcoinSupport"
@themarkymark & Co, the choice is yours. Stop the bad downvotes. Turn off the BuildaWhale scam farm. Cease playing with people’s livelihoods. Let Hive thrive as it was meant to—as a beacon of hope, creativity, and collaboration.
Or step aside and let those who truly care take the reins.
Because the truth won’t disappear. No amount of lies can change it.
It’s over.
The Bilpcoin team brings these truths not out of malice but necessity. We have no need to fabricate lies or cloak our intentions CALL US WHAT YOU LIKE —for the facts speak loudly enough on their own. What we present here is not conjecture but reality, laid bare for anyone willing to see.
@themarkymark & Co we urge you once more: STOP. Stop hiding behind tactics that harm others. Stop clinging to practices that erode trust within the Hive community. Let the truth stand—not because we proclaim it, but because it exists independent of any one person’s approval or disdain.
TURN OFF THE BUILDAWHALE SCAM FARM
Key Issues That Demand Immediate Attention:
The problems are glaring, undeniable, and corrosive to the Hive ecosystem. They must be addressed without delay:
These practices harm not just individual users—they undermine the very foundation of Hive, eroding trust and poisoning the community. Such actions are unethical and outright destructive.
@buildawhale Wallet:
@usainvote Wallet:
@buildawhale/wallet | @usainvote/wallet
@ipromote Wallet:
Author Rewards: 2,181.16
Curation Rewards: 4,015.61
Staked HIVE (HP): 0.00
Rewards/Stake Co-efficient (KE): NaN
HIVE: 25,203.749
Staked HIVE (HP): 0.000
Delegated HIVE: 0.000
Estimated Account Value: $6,946.68
Recent Activity:
@leovoter Wallet:
Author Rewards: 194.75
Curation Rewards: 193.88
Staked HIVE (HP): 0.00
Rewards/Stake Co-efficient (KE): 388,632.00 (Suspiciously High)
HIVE: 0.000
Staked HIVE (HP): 0.001
Total: 16.551
Delegated HIVE: +16.550
Recent Activity:
@abide Wallet:
Recent Activity:
@proposalalert Wallet:
Recent Activity:
@stemgeeks Wallet:
Recent Activity:
@theycallmemarky Wallet:
Recent Activity:
@apeminingclub Wallet:
Recent Activity:
Scheduled unstake (power down): ~2.351 HIVE (in 4 days, remaining 7 weeks)
Total Staked HIVE: 1,292.019
Delegated HIVE: +1,261.508
Withdraw vesting from @apeminingclub to @blockheadgames 2.348 HIVE (10 days ago)
Claim rewards: 0.290 HP (10 days ago)