Not enough debt - page 2. | Bitcointalksearch.org

bestcoins1

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Quote from: barisbilgili on July 03, 2024, 01:53:08 AM

Taking debt for investment is actually good because it allows us to get bigger profits, but this also has to be done with fairly mature calculations or calculations because there will be a lot of/big risks that we will face.
Some people have different personalities, but in my opinion it is not good to be in debt unless it is for things that can provide greater benefits.

Investing with debt capital will actually be much riskier for people who do it because apart from having to understand the risks of investing, they also have to understand about paying their debts at the right time so as not to cause more problems in their lives. I prefer not to invest if the money comes from debt, because the money generated through debt will only be more suitable to be placed in a business that is actually running every day and always makes more money every week and month. So it will be easier for us to repay the debt on time without any burden.

shinratensei_

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Quote from: barisbilgili on July 03, 2024, 01:53:08 AM

Taking debt for investment is actually good because it allows us to get bigger profits, but this also has to be done with fairly mature calculations or calculations because there will be a lot of/big risks that we will face.
Some people have different personalities, but in my opinion it is not good to be in debt unless it is for things that can provide greater benefits.

I don't think it's that good unless you're trying to take the investment with higher risk which could also pose threat to make you homeless in short time.
as far as I know, these debts have higher interest than the less risky investment out there, so investing in low risky investment is not really a choice.
most people that make it big from the debt always do the risky game.

like borrowing hundred thousand of dollars to short or to long crypto for example, but if things goes wrong and all the money vanished, then we really putting ourselves in hard predicament right here. a matured calculation at the end of the day if there's still risk accompanied, only a speculation.

SmartCharpa

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Quote from: uswa56 on July 02, 2024, 11:24:39 AM

Maybe there are some people who, by having debt, will be motivated to work harder so that they can pay off the loans they have and this requires them not to be lazy because they have debts that they have to pay, but there are also types of people who will not borrow if they don't really need it and this really depends on a person's personality.

When you choose to borrow money to make an investment, of course this will be very risky if the investment cannot run smoothly and it is important for you to be able to think about it before actually deciding to take out a loan to invest, because when the investment we carry out is not in accordance with our wishes. Of course, this will cause problems for ourselves.

I believe that being in debt motivates Op to work more so that he will recover the money he borrowed. Working hard is necessary in our lives, whether we have debt or not, how can someone be lazy if they do not have debt? I've never seen such a person before, no one is happy that he or she is in debt unless they need the money for something important and have no other options. Getting a loan to start a business is not a bad idea, but it depends on the conditions of repayment, many people can give a loan, but repayment data is very small. How could a person who invests in a business expect to see a profit in two to three weeks? That is very dangerous because we cannot guarantee that we will make a good profit before the deadline. I hope we don't find ourselves in a situation where we have to borrow money to solve our problems.

barisbilgili

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Quote from: uswa56 on July 02, 2024, 11:24:39 AM

Maybe there are some people who, by having debt, will be motivated to work harder so that they can pay off the loans they have and this requires them not to be lazy because they have debts that they have to pay, but there are also types of people who will not borrow if they don't really need it and this really depends on a person's personality.

When you choose to borrow money to make an investment, of course this will be very risky if the investment cannot run smoothly and it is important for you to be able to think about it before actually deciding to take out a loan to invest, because when the investment we carry out is not in accordance with our wishes. Of course, this will cause problems for ourselves.

Taking debt for investment is actually good because it allows us to get bigger profits, but this also has to be done with fairly mature calculations or calculations because there will be a lot of/big risks that we will face.
Some people have different personalities, but in my opinion it is not good to be in debt unless it is for things that can provide greater benefits.

shinratensei_

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Quote from: MissNonFall9 on July 02, 2024, 02:06:12 AM

People can take fewer loans at the personal level but if they want to establish a business and get profit from it as expected they have to take shelter of loans otherwise business can be done only with their own capital but no big business will be possible with only their own capital. And on the other hand there are many people who manage their life through debt such as credit cards. But it is true that it is good to live debt-free but for larger purposes, it may not be good for everyone and many may not want to live it.

there's always chance to raise fund from seed funding at the expense of losing some shares which is quite fair, mostly when companies got banrkupt because the product just doesn't work out they are spared from the need to give back the money since it's investment. so even an entrepreneur could be free of debt but moving forward the fact that we already sold our shares of the company will definitely put a dent to our future potential revenue indeed.

Personally I'm one of those people that trying to keep my finance stable by leveraging the use of credit cards, i Just find it a lot more easier to manage too than just spending cash which requires additional calculation, the credit card transaction history already act like a financial manager for me also it can give me good credit score, nothing bad will happen by having a debt as long as you are conscious that eventually you gonna pay these debt so to not overspending it.

uswa56

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Quote from: Awwal08 on July 02, 2024, 02:14:03 AM

With what I understood here is that you mean when we are debt free we tend to be lazy but in this regard I totally disagree with you because people or societies doesn't borrow unless they are in a critical condition which will warrant them to borrow if not they will not if they have it, we are all in need of one or two things in life, no one want to be poor but when we found ourselves there we try to rise ourselves and by doing that we tend to take risk by borrowing to invest to meet our daily expenses. When I have a enough why should I borrow it doesn't make any sense to me unless I want to make an investment.

Maybe there are some people who, by having debt, will be motivated to work harder so that they can pay off the loans they have and this requires them not to be lazy because they have debts that they have to pay, but there are also types of people who will not borrow if they don't really need it and this really depends on a person's personality.

When you choose to borrow money to make an investment, of course this will be very risky if the investment cannot run smoothly and it is important for you to be able to think about it before actually deciding to take out a loan to invest, because when the investment we carry out is not in accordance with our wishes. Of course, this will cause problems for ourselves.

Dzwaafu11

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

So you mean that for someone to work harder, they need to be in debt? Because if this is what you meant, then I must say you are wrong because nobody wishes to be in debt. Did you know that debt is never a good thing to be in? The thing is, anybody you see in debt is just that he or she did not have any other option to get the money they want rather than be in debt when you have a problem and you don't have any way to get the finance to solve the problem,

which I believe is debt that you will take. So stop saying debt makes people work hard; that theory is wrong. And I can’t believe that, although it may be for you, it makes you work hard so you will pay off the debt, for anybody who really wants to achieve what he or she needs, then definitely whether their debt or not, working hard is compulsory.

Awwal08

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

With what I understood here is that you mean when we are debt free we tend to be lazy but in this regard I totally disagree with you because people or societies doesn't borrow unless they are in a critical condition which will warrant them to borrow if not they will not if they have it, we are all in need of one or two things in life, no one want to be poor but when we found ourselves there we try to rise ourselves and by doing that we tend to take risk by borrowing to invest to meet our daily expenses. When I have a enough why should I borrow it doesn't make any sense to me unless I want to make an investment.

MissNonFall9

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People can take fewer loans at the personal level but if they want to establish a business and get profit from it as expected they have to take shelter of loans otherwise business can be done only with their own capital but no big business will be possible with only their own capital. And on the other hand there are many people who manage their life through debt such as credit cards. But it is true that it is good to live debt-free but for larger purposes, it may not be good for everyone and many may not want to live it.

adaseb

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Well when the economy is bad, they cut interest rates because they want to stimulate the economy by getting people to borrow money and buy things. So yeah its good for the economy but its not good for the consumer who is forced to repay all that debt. With inflation being as bad as it was in the past few years people have less and less money to pay off these debts and they are in the tight spot.

So sure it was good for the car business or the home builder but in the end the consumer is struggling to make ends meet by finding ways to pay off that debt. And they will make cuts to their spending and some businesses will suffer as a result since there is less money being spent in certain sectors.

fullhdpixel

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Quote from: iv4n on June 27, 2024, 02:28:45 PM

I guess this is sarcasm... the debt is higher than ever before, and probably it will be even higher in the future. And many people are in debt, which is less of a problem than the fact that many states and institutions are in much greater debt. This brings us to the main question of who is holding all these debts.

The system is damaged and corrupted to the bones and I don't see the better days without some big changes.

Lol, yeah; but I think it can also depend on the country and the people living on it, as I think there are still countries or people which debt is not that high as the others. There are factors that affect them or made them do it and sometimes it can also decline, so I won't be one-sided and say that it can only grow higher in the future.

A debt is a debt, no matter what will you do with it, you will still have an obligation of paying it, so it is still considered as a problem. If we are talking about the debt of the state, of course those who are high in position is the ones who hold it. We can only wish for better days ahead and they will now settle their debts and won't do it again.

reagansimms

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You need proof of your theory that more debt can stabilize or maintain economic balance, the opposite condition occurs if there is no debt, it can make people feel lazy about working. So what if you are unable to pay your debt when it is due? You cannot guarantee that life will continue as planned. There are times when undesirable things happen in life such as illness, being laid off from work or family problems that make you unproductive in making money. Then how can you meet your living needs without a regular income, plus the burden of paying debts.

We are always taught to live a disciplined life by adjusting income to expenses and increasing income to live a debt-free life. Being free from debt will make it easier for you to save regularly, even in small amounts, this method can provide benefits for you to help you always be financially secure and when you need it you can immediately take it without having to burden yourself with debt.

Darker45

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I have a friend who told me he doesn't have the drive to work because he doesn't have debts to pay. Having no debt, he feels lazy. He probably shares the same principles with you.

But I don't agree. And it's a ridiculous proposition to encourage more debt. That appears foolish to me. If one is working hard because he/she is buried in debts, he/she is living in hell.

To be debt-free is to live a good life. To work because one enjoys it is to actualize your creativity, your productive potentials as a human being. That would be heaven.

Alone055

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

That's not true for everyone because not every person is smart enough to use debt positively and make their lives better. The majority of people who take loans and get into debt end up burdening themselves with more debt every time they need to repay the previous debt because they don't know the useful way of using the debt and how they can generate money with it.

This is the reason why there are good debts and bad debts. A good debt is one that you take and use the money to generate more money and then repay the debt with the money generated without letting it create any problems for you or the lenders. A bad debt is the complete opposite of that, it's a debt in which you take and spend the money uselessly and when the time for repayment comes, you start having problems because you don't have anything to repay the debt while the longer you delay it, the higher the interest would be.

So, it depends on a person and their nature, and debts are not for everyone because not everyone can manage them well.

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

Exactly, but this is to responsible individuals. Because some people are lazy to the length of which they keep on dwelling in debt. But when debt is taken leveraged debt and not a burden, it makes a lot of sense since it will be used for investment which would make the person that takes it to be more serious and it will also make you double your income. And it is considered smartness because it's not taken for just consumption but for investment.
What matters most while investing is to be careful with the kind of investment you want to engage your self in. that is, you have the knowledge of it. the advantages and it's disadvantages so as you don't fail. Many countries today live their entire life in debt in which if they try to pay off such debt, they will end bankrupt.

Stablexcoin

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One guy but about 200 topics in the economic board. I don't know where to start reading what you have said so far. Your topic and the content of the topic seem to speak different language. If you can explain better i and others may easily understand what you have shared so far. I dont know if it is just me but i dont think i can relate here.

DVlog

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

Fire can cook food for you and it can burn your house at the same time. Think of debt as fire that can strike you from both sides. With the proper management of debt and without corruption, a country can be at the next level of economic progress. Just look at Malaysia, singapure, or Vietnam and how they become super giants in Asian economy.

I don't find any connection between lazyness and debt. A person can be hardworking and at the same time debt-free. It depends on that person's mentality and goal in life. Someone can be happy by eating some pizza role 3 times a day and he doesn't want any change in that or someone who wants to establish a business and create more jobs for his community.

JoyMarsha

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

More debt will make everybody working harder no debt makes society more lazy.

OP, what kind of debt are you specifying on? Is it debt for business, debt for pleasure, or bills to pay back?

If it is business debt, I can validate your hypothesis that business debt can make someone hustle harder than being lazy to pay off their debts.

Someone can't be in debt in their business and start lazing about in it, without trying their best to make sure they settle their debt.

Every successful businessman or woman has debts to pay. That debt owed serves as a motivating factor for them because if there's no debt owed, it won't give them the courage to hustle more in their business to make quick profits returns in their business.

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Quote from: Maus0728 on June 28, 2024, 10:30:33 AM

A lot of countries have a hard time paying what they currently owe and you're still saying that there's not enough debt? Make that make sense because the only thing that would really benefit from debt are those bankers that are controlling who's going to get the debt and who's not going to get it, that's just how it is with debt, even if it does make sense that debt will help your economy, if the debt isn't distributed properly or efficiently, the debt will just become a burden to the people of that country and most of the time, they're probably not going to see the benefit of that debt.

Well said. It’s not on the debt that our own economy will improve, but it’s on how we utilize those debts and turn them into things that will generate profits. Debt is bad, but if you use it for a positive cause, bad debt turns into good and beneficial debt.

The world is now crazy about debts and there’s a lot of it that some turns into being mismanaged, leaving the citizens suffering the most due to corrupt and irresponsible government officials that are only after with their personal interest and gains, not prioritizing the people that put them in their respective positions.

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Quote from: Fullbear2222 on June 27, 2024, 10:48:18 AM

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.

And where are we gonna get the money to pay for it?

The thing about debt is that it's only effective when the promise of pay is more prevalent than the contrast. And since the world is going in the shitbox as days go by, we can't say for sure whether getting into more debt to further industrialize and globalize things is still the right course of action. Worst is that it will definitely push said globalization and progress, but since there's no real money to be made in this process banks and other financial agencies will go after their money, further monopolizing property ownership, making things even harder for the average joe.

So yeah, this would've worked in the past but certainly not right now. Every country's hanging on a thread, especially US, China's on the move to make things even worse for everyone, and Russia's pretty much doing the same shit, we're facing a third world war, and things aren't looking bright right now to even assume said globalization through debt programs.

Better to just save money as a businessman and make sure that the moneyflow is intact instead of pushing for greater endeavours at this point.

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