102. Instead of making money today, a fool who digging its own grave spends all the money that belongs to tomorrow.

102. 不會賺錢，只會花明天錢的人是自掘墳墓的傻瓜

不會賺錢，只會花明天錢的人是自掘墳墓
導向成功的金玉良言 ---  成功秘碼  24條
如何致富？且聽聽看富爸爸富媽媽是怎麼說的。

Remember that the home equity loan you have will always be an additional liability until you can pay back what you owe.
「房屋淨值貸款是你的負債之一，只要你還沒付清它之前，它永遠是你的負債。」

Do not mistake home equity as your asset; it’s in fact a potential liability.  If you become upside-down on your loan, meaning the property value drops below what you owe during a recession, you’d suddenly find yourself swimming in debt.
「別誤認為房屋淨值貸款是你的資產，其實它是你潛在的負債，萬一你的房價在景氣衰退時成了溺水屋，房價下跌到淨負債，(負債高於資產)，那你就會負債累累了。」

What is borrowed must be returned one day.  A home equity loan is a liability, not your liquid asset. Be very clear on this: Do not spend your equity loan like it’s free cash.
「借來的錢總有一天是要歸還的。房屋淨值貸款的錢是你的負債，而不是你的現金資產，你不可以把淨值貸款的錢當做現金來花費，這一點你要搞清楚。」

Many Chinese home owners like using the equity in their house to buy additional properties, which is highly risky.  Similar to buying with zero down payment, the risk of failure is as high as 90%.
「許多華人會借淨值貸款的錢來買第二、三幢房子，這樣做它的風險極高，這就像似用零頭款買房子一樣，它的風險率幾近百分之九十以上。」

Do not take out an equity loan to make up for your lack of cash or savings.  You’d be faking your wealth by using the equity loan to buy additional houses, stocks, and cars.  Money should be spent on necessities, not to satisfy one’s vanity.
「沒有屬於自己真正的儲蓄 / 現金，就不要用房屋淨值貸款來充做闊佬。用淨值貸款的錢來買房子 、 買股票、買汽車，是打腫臉充胖子的表現，俗話說：錢是要用在刀口上 (急用上 )，而不是用在面子上。」

It is most unwise to use a loan to pay for your debt as in some home owners who make payments on their house with an equity loan on the property.  When you’re short on cash, figure out a way to earn more money, instead of looking for new ways to borrow money.  Taking out a loan to pay for another loan will only serve to increase your liabilities, not reduce them.
「有些屋主是拿淨值貸款的錢來付房子Payment (月供款)，這種以債養債的做法，也是不正確的。當你有了資金缺口，你要想辦法去賺錢，而不是想辦法去借錢。用以債養債的方法來解決問題，只會使你的債務壓力更大，而不是更小。」

Some people pretend to have more money than they really do and buy clothes, shoes, purses, or cars with borrowed money.  Spending tomorrow’s money today is a sign of bad financial planning.
「用借來的錢去買衣服、鞋子、皮包、汽車等，把自己打扮的像是有錢人，這就是打腫臉來充胖子。今天花明天的錢，這就是你不會理財。」

Money should be earned legally through hard work.  You would be smart to create a money plan and work hard for tomorrow’s wealth.
「錢是合法辛苦賺來的，賺錢要有計劃，努力工作去賺明天的錢，才是聰明。」

Spending borrowed money at will, similar to stealing money, is a bad practice, like a bandit.
「用借來的錢拿來消費 / 花費，這就像是竊取不屬於你的錢一樣，這是一個錯誤行為  / 強盜行為 。」

If you borrow uncontrollably, you will run yourself into a dead end.
「無限度的借錢，無限度的擴充債務，這往往會逼人走上絕路的。」

When you are in a financial hole, find a way to make more money with your skill and ability.  Don’t try to work your way around by borrowing money.  And never take on new debt to pay for old ones—you’d only be making things worse for yourself.
「要用自己賺錢的實力 / 本領，去解決財務漏洞，而不是用借錢的方法來搪塞問題。切勿以債養債，以免財務問題更形嚴重 / 惡化。」

Increasing our budget deficit to alleviate the nation’s financial troubles is in fact compounding the problem.  Printing more currency to bring down the budget deficit does not resolve the issue.  It only leaves more debt that our future generations are expected to pay back.
「政府用赤字預算的方法，來解決財政問題，編列赤字預算，這不是在解決財政問題，而是把問題更加複雜化。政府用大量印鈔票的方法來解決龐大的赤字問題，這是債留子孫，而非造福子孫。」

The government’s decision to focus on saving the stock market may be in vain.  Salvaging the economy is much more important than saving the stock market.  Furthermore, revitalizing the consumers’ confidence should take priority over salvaging the economy.
「政府強力救股市，不一定會奏效，救經濟比救股市重要，拯救消費者的信心又比救經濟更重要。」

To salvage the housing market, economics is not enough—an implementation of psychology is just as necessary.
「拯救房市，不單單是經濟學，而且還是一種心理學。」

Revitalizing the real estate market is far more important than bailing out financial institutions, just like the recuperation of home owners’ confidence is more important than any stimulation package for economic growth.
「 救房市比救金融機構重要，拯救房市信心又比刺激經濟成長重要。」

Economic stimulus plans are never free.  The imbalance between lowered tax revenues and increased spending will need to be repaid by future generations.
「任何計劃，任何經濟紓困方案都不是免費取得。經濟紓困方案中的稅收不平衡，都是要子孫付出代價的。」

Politicians resort to empty promises just to get a few more votes, offering bonds that will push the burden onto future generations.  This is an embarrassment of democratic nations.
「政治人物只會亂開空頭支票來騙選票，過度發行公債來花子孫的錢，像這些政客真是民主國家之恥。」

A government that only prints more dollar bills to relieve economic pressures, instead of seeking a truly viable way to balance its budget, is not a competent one.
「只知印鈔票，而不知把預算搞平衡的政府，是一個壞約政府。」

Borrowing tomorrow’s money to pay for today’s expenses is the same as living a lifestyle of fraud and deception—these stories never end well.
「今天花明天的錢，凡用借債的方法來過日子，或用欺騙的方法來過日子，這些最終都難逃失敗的命運。」

The voters need to elect a leader whose exit strategy doesn’t involve pushing our debts onto our children.
「如果選民能選出一個不會債留子孫的政治領袖，這才是子孫的福氣。」

Do not pretend to be richer than you are, and don’t use tomorrow’s money to cover today’s expenses.
「不要打腫臉充胖子，不是要盜取明天的錢，當做是今天的花費。」

 Liabilities more than assets, consumption more than income, or borrow money over his solvency, is self-defeating fools.  
「負債高於資產，消費高於收入，或借錢超過償債能力的人，就是自掘墳墓的傻瓜。」

There must be a limit to how much you can borrow from others, in that you must never borrow more than you can repay.  Taking on loans you can’t pay back is no different from stealing.
「借錢要有極限，借錢不可超過你的償債能力。超過你的償債能力的那部份借款，不是你的錢，如果你借了錢不還，你就是盜用別人的錢。」

A wise man work hard to build up his savings for tomorrow and has a plan to earn even more the next day.  Idiots are those who don’t know to make money today and only spend the money that belongs to tomorrow. 
「 要努力工作去賺明天的錢，並且要有計劃讓明天更賺錢，這才是聰明。不會賺錢，只會花明天錢的人是自掘墳墓的傻瓜。」