Topic: Dont just borrow money but for the right reason - page 4. (Read 960 times)

I personally do not like like borrowing money from anyone at all it.I like to manage what I have no matter how little it is.Crytocurrency market is to volatile think it will be a very risky to borrow market and invest in it.What if the investment turns out to be a loss how can one pay back .Don't think it is a great idea at all.

Yes, crypto is profitable but since there is no fixed time when we will see profits, then it will make it even more risky if we are pressured to pay for its monthly due. Crypto is a good investment but knowing how volatile it is, sometimes our expected profits are even turned into losses when we least expect it. So better invest with our own money and with the amount we can afford to lose.

Although borrowing is more common even to old investors, but make sure if you attempt to borrow for capital, then you should have other sources to generate an income when crypto investment is not making profits.

So far I don't think I should make a loan to invest, but I'm sure some people have done it a long time ago. I am not quite comfortable with investing from borrowed money even though I really believe that my investment will be profitable. You're right about the risk, it never guarantees a decent return so anyone should consider that when investing with borrowed money. Maybe not exactly a long term investment, but I prefer to call it moment trading where traders (borrowers) can repay their loans faster.

I think in all types of investments, knowing that they have their own risks, borrowing money is never a good start. Of course, it can expand or widen your assets but if you are entering in a market with no guaranteed profits, then it will only cause pressures and troubles later on thinking where to get the money that you will use to pay. Although crypto gives us huge profits, definitely bigger from other types of investments, but there is no fixed time or date as when to get the profits so paying the debt will mostly be compromised.

I agree with what you said, it's true that we are free to do anything including borrowing and borrowing.
But if we borrow with the aim of developing assets, even though we are already pros, I think this is still full of risks.
not without reason, because indeed here there is no guarantee that forever we will experience profits because of course there will be times when we will experience losses.
besides that it is better with own assets even with fewer assets but no debt compared to making excessive risk by borrowing funds from other people in the hope of getting a profit. this is not very good.

There's nothing wrong with loaning or borrowing but, to be honest, it's better if we'll not borrow funds to expand our assets. Crypto investment is profitable even metaverse but borrowing to invest more has huge risk and might only lead you to regrets in the end. It's better to save before investing so you'll have all the control over your investment without any pressure.

It's becoming wrong if the responsibility that you've taken after taking that loan is making yourself a downfall. It's always better to get be debt-free because that's what really matters if you want to get up from your financial situation.
The whole market is truly profitable but if you're going to combine it with a debt that will increase interest if you're not responsible to pay it off, you'll suffer and bring that problem in the future.

There's nothing wrong with loaning or borrowing but, to be honest, it's better if we'll not borrow funds to expand our assets. Crypto investment is profitable even metaverse but borrowing to invest more has huge risk and might only lead you to regrets in the end. It's better to save before investing so you'll have all the control over your investment without any pressure.

Making savings before investing is good but borrowing money for investment doesn't hurt either. You can learn how to manage debt so that not only can you return capital, but you also profit. borrowing money for investment is good but borrowing money to buy luxury is bad.

Now some of you telling me ....ou its a risky still ?

I tell u look at people with money ? Are they dumb ?
They are investing heavy money in metaverse.
Also 5 years ago same people imvested heavy money in btc and crypto.

There's nothing wrong with loaning or borrowing but, to be honest, it's better if we'll not borrow funds to expand our assets. Crypto investment is profitable even metaverse but borrowing to invest more has huge risk and might only lead you to regrets in the end. It's better to save before investing so you'll have all the control over your investment without any pressure.

even myself does have lots of debt on which it did really come to a point on where I got stressed and thinking about suicide because I don't know on how i would repay those debts and just like yours this isn't something correlates with investment loans and mostly this is because of some hospitalization which if you don't have savings then you wouldn't be having any options but to take up some
loan to pay the bills.

This is actually hard when you are in between debt and stress but speaking with investment matters then its up to someones choice whether they do take such step

but of course they should really be responsible on repaying those loans for them to avoid bigger problems in the future.

Metaverse is place u invest go to ur bank ask as much you can or sell your assets and start investing in metaverse.
Metaverse will be in 5-10years where btc and crypto was 5-10 years ago.
Sure u can use your own money without loan but under 100,000$-300,000$ minimum ammount no point.
You want to invest to change ur life for under 500,000$ profit no point even to act.

Always act for bigger motivation dont waste ur time for small things so much.
Metaverse will be huge the real estate in metaverse will prices will go higher with money u invest today sure you will 10x atleast.
Metaverse will do even bigger then btc and even u did imvest 5 years ago in btc u would have nice profit today.

You can even tell YOU r bank u will invest in metaverse they know it will go up so its a great investment and they know it has good return how do they know ??
Well all the bankers allready investing in metaverse and your bank will be happy to see you get financially good and use their money best ways.

Now some of you telling me ....ou its a risky still ?

I tell u look at people with money ? Are they dumb ?
They are investing heavy money in metaverse.
Also 5 years ago same people imvested heavy money in btc and crypto.

They are never gona do the wrong investment they what has a value always in future they social circle is all good information and if u connect the dots u know what they do it with money so you follow to them always.

And yes best time to loan as much u can from the bank to invest in. Metaverse the metaverse assets will be so good that u can use that even for collateral for loan.

If banker telling its not good reason to invest or take loan then you can tell they know zero about finances and investment and they should not have banking license never ever sure the regular banker u cant argue with them they just follow the rules and do the data entry job but investment banker should give you money for sure.

And after you can take a banker to ride to ur lambo.
Sure the banker will be happy if their clients will be wealthy they still keep their money in same bank.

In 5 years this investment will return very good ROI.
Life is simple let's not made it so difficult

I have a lot of debt, I mean not the debt that I took as a loan from a bank to buy crypto, it was just health reasons and now I have a lot of debt. It shouldn't really impact you in a way that you give up hope from the world, you should be even more hard working when you get a debt. I try to do as much as I can, unfortunately I haven't been working hard lately because of the said health reasons but then I am going (hopefully) start doing better in 2022 and when I have debt before it made me want to work even harder, make as much money as possible.

These days I can't even finish my work, but when I had debt I remember I worked at max and finished it early and tried to find other jobs to earn a little bit more. That's how you pay your debt back without a worry. If you sit down and only worry about how you could make that money back, you are not going to make it back.

good if the investment can last that long . The problem with metaverse project is that some projects have crashed and been abandoned after a few months. The point is you still have to be willing to take risks if you really want to invest in the Metaverse. many also offer ROI in just a few days or weeks. and if anyone were to use his life's money for this it must be a serious decision.

It is always risky to borrow money as you said it has fallen us into the metal pressure and we loose the working ability .However some of us always like to take risk but i always think about them if they loose on his prediction he might loose his/her everything .I always support to invest on crypto cause it has real future for sure ,on the other hand always also tell to ignore borrowing money .You may invest what you have ,it will not make you to feel risky if you loose you can recover by taking loan or borrowing money but if you do it initially you may loose everything .I think gambling is also a stressful way to earn ,its true you can get huge return from here but you can also loose what you have .So better to take minimum risk and make your fund to invest like this .

Borrowing with a high interest rate will certainly make us very quickly debilitated physically and mentally when the profit has not yet come, but the interest from the loan has jammed our mind and lost the mood to work every day, therefore, to avoid such mental terror, it is better to borrow at low or almost zero interest rates. And there is no need to be averse to borrowing money, investing is also one of the purposes of making the future promising, the purpose is not to borrow money to play, equating with gambling is too much subjective judgment.