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• To hear the episode before others, subscribe to Thmanyah. ✴️ https://thmanyah.link/subscription-so... Borrowing is an integral part of many of our lives, whether it is to buy a car, buy a home, or cover any necessary expenses. Suddenly, a person finds himself faced with a decision that changes the course of his life. Our guest in this episode is Nabil Al Mubarak, a financial expert and former CEO of the Saudi Credit Bureau (SIMAH), to talk to us from his long experience and expertise about borrowing. When is a personal loan healthy? And when is it dangerous? Why does Al Mubarak warn against consumer loans, and see them as the most dangerous thing a person can do, while he sees real estate loans as healthy? And when are real estate loans bad? And is there an option other than real estate loans for home ownership? Al Mubarak believes that there is a certain limit for borrowing that should not exceed your salary. What is this limit? And why does he refuse to allow spouses to obtain a joint real estate loan? And how do we save and invest? Finally, what about the general economy? Are banks and the financial sector able to finance the next stage of the state’s ambitions? Is public debt a threat to us? What economic reforms does our guest see as beneficial? What reforms does he wish for that have not happened yet? - • Download the “Radio Thmanyah” app. https://thmanyah.link/radio-socrates • The new square is a gateway to another world: https://thmanyah.link/jsk • Whether you are a coffee lover prepared by professional coffee makers or prefer to prepare it at home. We are honored to enrich you in the world of specialty coffee, start with one step: https://thmanyah.link/9y3 and share your experience with us through our interactive platforms. Episode Topics: (00:00) The beginning (03:15) How the new generation got rich faster (12:37) When do we borrow and why (17:33) The truth about credit cards and installments (25:07) Why doesn’t the Central Bank prevent us from borrowing (28:21) The impact of payment technologies on the consumer (31:48) Is a mortgage healthy? (44:22) An alternative to mortgages and the impact of interest on loans (54:53) Correct cases for an investment loan (1:01:39) Does saving make you rich? (1:05:49) Are loans harmful to the economy? (1:21:20) Economic reforms Eight on Radio Eight: https://thmanyah.link/i0qw Eight website: https://thmanyah.link/fa44da Eight Radio: https://thmanyah.link/af2741 Eight on Twitter: /thmanyah Eight on Instagram: /thmanyah Eight on Tech Tok: /thmanyah Eight on Facebook: /thmanyah