Topic: Dont just borrow money but for the right reason - page 8. (Read 960 times)

I assume you talking about long term investment with borrowing money which mean the money to invested should be holded for 5 or next 10 years but paying your debts is necessary and if you borrowing money from bank then usually they pushing you to pay you debts monthly and how could you can able to pay it if your money fully invested at metaverse projects so I think this strategy were clearly wrong and very risky to be implemented and for long term investment people should be using free money

If they are not extravagant in spending their money in their daily life, the money will be put to good use. In borrowing money, it is very important for us to prioritize the purpose of the loan and have a great chance for us to repay it. Likewise with saving money in a bank, immovable assets are more suitable for us to sell for investment purposes. it will be better for the future, we don't have to think far. Let someone else manage our money.

Don't let you exchange certainty for uncertainty, I mean when borrowing capital or money from banks, friends, margins and so on, we definitely have to pay it off and it's mandatory. Whereas if you invest anywhere, profit is an uncertainty. Who will guarantee that you will definitely profit?
very risky if what you expect is not suitable, it is better to invest according to your ability and don't force it if you can't afford it and it's better to invest with cold money or money you can afford to lose because investing is very risky and borrowing is the same as wanting risk.

Is there a guarantee that borrowing money will make a profit? This is always very risky, especially when it comes to cryptocurrencies. You should always remember the expression: "You take someone else's and for a while - you give yours and forever!". Therefore, borrowing money is a very dubious action. I am used to relying only on myself and I do not advise relying on others, constantly worrying about whether I can pay on time or not.
By the irony of life, more often than not, borrowed money always gives out some kind of unpleasant surprise, but only those who have already had losses and gained experience know this.

I still think the value of metaverse is based upon an assumption Elon Musk's neuralink brain implant will become the jack Neo used to interface with the matrix. People assume the next big leap is technology from the matrix trilogy where people directly interface with the internet through a brain link VR experience.

Virtual reality and 3D graphics are certainly nothing new. There have been no recent developments to say anything has changed in those industries to give VR a significant advantage over existing dynamic pages. I think everything metaverse promises can already be achieved using HTML5. Metaverse could be done in adobe flash. People were making 3d based VR user experiences in flash 10+ years ago. There is definitely a question as to what metaverses high promised valuation is based upon. I would be interested if anyone has an answer.

I'm not against with borrowing money if you just want to expand your portfolio and know how to multiply it, and most important of all you can able to pay it according to what timeline set by the lender. But what bad thing about this is you lend money because you want to have capital on certain things like investing it on some NFT or other types of investment without having a knowledge on what you do since this is kinda suicide and we might lose instead to earn with that.

It's okay to borrow money for the purpose that will have a good return and not on debt results. Putting huge money on crypto is risky as well, so it's best to invest money that afford can be lose because the market is unpredictable anytime you can lose money in an instant.

To be honest, I'm not comfortable with this. Of course when you want to borrow just to invest in the metaverse, the bank employees and management would call you "delusional" or "crazy", so yeah no chance that they're gonna be convinced.

When I borrow money, it should be for the purpose of starting a business. Of course, there's nothing wrong to borrow money for emergencies or personal loans as long that we could pay diligently with interest. But for metaverse? Nah!! I would rather earn it than borrowing.

I find this idea crazy. Even if I'm a 100% crypto person, I wouldn't advise this to anyone that doesn't have an idea of what he's about to do. You don't advise people to sell all of their assets for metaverse. They can still stay with those assets and have themselves generated with a new income that shall be invested into the metaverse. I just find this is a bad suggestion since not everyone is already aware of how the market is truly volatile whether it's metaverse or not.

Many people don't understand the beauty of investing, you don't that have to go put yourself under some unnecessary pressure just because you don't want to miss the supposed next big thing in the industry. Remember metaverse wasn't even a hit topic until Facebook decided to jump in. What if facebook was to back off the trend, do you think the hype surrounding this trend will still continue?.

Remember Facebook tried entering the cryptocurency industry through providing a service that didn't go so well. Before then the market got a boast at the news of Facebook coming in but that didn't end so well. I'm not trying to say the metaverse will end in the same way but don't go investing all especially borrowing  money when this is still a sector that has minimum of years to develop fully and anything can happen in this years.

Best you go about investing with few dollars and profit heavily from then than going to borrow thousands of dollar and go into desperation from the market not going your way in the near future.

Even $300,000 can change the lives of most people without investing in the metaverse. Why bother to invest and have to wait 5 years? Especially with borrowed money that is clearly high risk?

I am very clear about my investment strategy, which has increased my net worth considerably over the years. My income has also grown considerably and I am clearly above average in both wealth and income where I live for my age.

Why should I pay attention to your multiple walls of text? You've even been red tagged for them.

Talking abou metaverse that's great, most of technology news talk about that, but if we talk about investing in metaverse, I think we should analyze it first. Not all metaverse project is good to invest, We need to know where , who, and all of the details behind them, because I heard so much money needed to invest in there.

I think it's back to your own risk appetite, if you are a risk taker, metaverse is the beat choice, but if you aren't, it's better to invest in crypto

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 lets not make it so difficult