Topic: Quit borrowing - page 11. (Read 2572 times)
Borrowing money can be a temporary solution to financial issues, but still it can lead to more debt in the long run. Many people live beyond their means, which is a major cause of borrowing money. One of the common type of personal debt is a credit card and is growing at a faster rate than ever before. If we live only within our means we will not end up borrowing. To avoid overspending we need to budget all the things that we needed and never buy things that is not necessarily needed to avoid borrowing money from the banks. And also borrowing money is not good if you will just use it in investing crypto currencies.
When you're short on cash, it can be difficult to quit borrowing money.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
Some people are used to borrowing and they never pay back these kind of people are the opportunist Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
they are those who harm people and make it there habit to take loan and harm people with their attitude. May God save us from all all these thugs
Many people think instantly when they feel they have no money or want to buy things they want, for example motorbikes, gadgets and so on, the presence of online loan services makes people easily in debt, they will regret it when they know that the interest paid is very expensive, it's better to immediately leave bad habits.
IMO, debt is not always bad, if we have a business spirit and entrepreneur who is qualified far above the average person there is nothing wrong with having debt with the aim of making money with our money. And vice versa. If we don't have the ability to do business, don't approach debt, even if it's only a little. Moreover, being in debt just wants to buy something that doesn't really need to just follow lust.It's better to build insight, read lots of books, build relationships, community and other positive things than just thinking about how to get into debt for business. Self-ability in doing business is the most valuable asset, not just money, having money but not having the ability is the same as using a motorbike without wheels.
Actually if we are good at managing finances well then borrowing money is a good and productive thing, unfortunately most people borrow money for fun and unproductive things so that it makes us always involved in debt. from now on immediately stop these bad habits because it will make us regret.
Therefore it is important for us to protect the flow of income and expenditure in advance, borrowing for things that are not useful such as vacations or luxury goods for heart satisfaction is a bad choice while income remains stagnant below standard, or 1/3 of the borrowing, it will leave a lasting wound to the financial flow. of course that's a bad thing to do, considering you have to make a deposit and interest on loan payments.it must be left.
Even if it's for productive things, we really have to be able to calculate your net income from work, to balance taking on debt, because if, for example, in this situation it will also have a bad impact on the way the business is being carried out, even though the goal is productive things.
First protect the flow of finances, then calculate the expenses that must be done, or in short you have to make a rough budget of needs first, if you find money left over from your salary after calculating expenses, then there you can take out a loan to improve your business, but What needs to be noted is that the deposit calculated cannot be more than 1/2 of the remaining money.
For me if you couldn't afford it then don't buy it, if you don't need it don't buy it.
Most of us are in debt because of things that they want they would borrow money just to have it and there are some who also borrows money to celebrate.
Just be contented with what you have and spend your hard earned money wisely, try to invest avoid unnecessary expenses.
Most of us are in debt because of things that they want they would borrow money just to have it and there are some who also borrows money to celebrate.
Just be contented with what you have and spend your hard earned money wisely, try to invest avoid unnecessary expenses.
Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.
The price of goods and needs is increasing, while the salary that has been determined will not be able to increase significantly because several companies have arranged this. What can workers do when inflation is higher, while a month's needs will not be enough with the income they get?That's the best solution with additional income because if we don't try to do this and only rely on the main income then of course it won't be enough, people can be successful because there is additional income and they can manage well by investing, whereas if what is get a little then it needs to be arranged again will be more enough what is needed.
Making a loan won't be a problem as long as we can fulfill it when we have to pay installments and don't burden it even more.
Most mistake or most thing that happened to people who loan money is they are being pushed to ask for more,
I mean, if they can repay the first loan, they will be forced to loan again to cover the first one,
meaning to say that it will be a never ending debt that they needed to cover from time to time.
Limiting or analyzing your capability is very important, if you are borrowing just because you wanted to
buy material thing, it's better to save money and try to reach the amount and buy only when you already
have that spare out of your savings.
It's the wise and responsible way of managing your finances. Buy what you can afford and save if you
wanted to have something and not to loan money for it.
Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.
The price of goods and needs is increasing, while the salary that has been determined will not be able to increase significantly because several companies have arranged this. What can workers do when inflation is higher, while a month's needs will not be enough with the income they get?That's the best solution with additional income because if we don't try to do this and only rely on the main income then of course it won't be enough, people can be successful because there is additional income and they can manage well by investing, whereas if what is get a little then it needs to be arranged again will be more enough what is needed.
Making a loan won't be a problem as long as we can fulfill it when we have to pay installments and don't burden it even more.
Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.
The price of goods and needs is increasing, while the salary that has been determined will not be able to increase significantly because several companies have arranged this. What can workers do when inflation is higher, while a month's needs will not be enough with the income they get?That's the best solution with additional income because if we don't try to do this and only rely on the main income then of course it won't be enough, people can be successful because there is additional income and they can manage well by investing, whereas if what is get a little then it needs to be arranged again will be more enough what is needed.
Making a loan won't be a problem as long as we can fulfill it when we have to pay installments and don't burden it even more.
I'm sure right now there are very few people who don't lend money to meet their daily needs, because our current needs are very large. If there isn't enough income, lending money is everyone's solution, even though they will have difficulty paying, but because they are forced circumstances, borrowing has become something that we often find, if our income can indeed meet our daily needs, then I agree with your suggestion because borrowing money is not for very urgent needs, which is wrong, because from our sufficient income we can create a savings account so that when there is a sudden need we are not forced to borrow.
Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it. 
In my opinion, it's not bad to take a loan as long as we know how to pay, the only bad thing is that we don't know how to pay, the second reason is that other people are because the debt becomes a vice even if we say that we can pay the debt but it is already manipulating the borrowed money because it just goes to things that don't really help them.
That's why it's good to borrow if it's used in a way that can produce money as well or be used in a business that you want to do.
Because every country in the whole world is able to borrow.
That's why it's good to borrow if it's used in a way that can produce money as well or be used in a business that you want to do.
Because every country in the whole world is able to borrow.
While it is true that taking out a loan can help fund investments or business ventures that can generate income, it is important to consider the risks involved. Borrowing money means incurring debt, and debt carries interest and fees that can add up quickly, especially if the borrower is unable to make payments on time.
Actually if we are good at managing finances well then borrowing money is a good and productive thing, unfortunately most people borrow money for fun and unproductive things so that it makes us always involved in debt. from now on immediately stop these bad habits because it will make us regret.
I'm sure right now there are very few people who don't lend money to meet their daily needs, because our current needs are very large. If there isn't enough income, lending money is everyone's solution, even though they will have difficulty paying, but because they are forced circumstances, borrowing has become something that we often find, if our income can indeed meet our daily needs, then I agree with your suggestion because borrowing money is not for very urgent needs, which is wrong, because from our sufficient income we can create a savings account so that when there is a sudden need we are not forced to borrow.
When you're short on cash, it can be difficult to quit borrowing money.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
You're right. Borrowing money can be a tempting solution to short-term financial difficulties, but it can quickly become a cycle of debt that's difficult to break free from.
The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.
The key is to focus on living within your means and avoiding the need to borrow in the first place. The goal is to break the cycle of debt and build a solid financial foundation.
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
It may take time and effort, but with dedication and discipline, it's possible to achieve financial stability and avoid the pitfalls of borrowing money.
People have to borrow or lend for various needs at any time. But this borrowing will never be a good thing if it happens in excess. When a loan is made, a certain amount is to be paid against the loan. I mean bank or any other financial institution here. If there is no repayment of the loan, it can take a big shape at some point which is capable of ruining the life of the borrower. Taking a loan from a person may not have any effect, but in the long run it can also be responsible for creating a far-reaching situation. So, if you take a loan for any reason, try to clear it in time.
It's also difficult to be in debt, especially if you suddenly lose the source of income you were hoping to get to pay it off. So it is necessary that if anyone does this, he must make sure that he can use the money he borrows in something that can also produce money.
It is often used for emergencies, things that are not really needed and so on. So it is better and better not to try to do this thing, than to have a problem in the end.
It is often used for emergencies, things that are not really needed and so on. So it is better and better not to try to do this thing, than to have a problem in the end.
When providing a loan, the Bank takes into consideration many things. Particularly the collateral, because if the person wasn't repay the loan somehow the bank needs to settle the loan. For this the collateral is brought into auction and the loan amount is being paid. When a person borrow from the person next to him or from a known person this stands as debt until its repaid. When a person borrow without understanding his repaying ability, this is going to stand as debt for long. In all means we should have our own plan to lead life with what we earn. At some critical situation we're borrowing that's different. People who borrowing without purpose, particularly for luxury outlook should stop it to progress in life.
Correct. Actually we even have to imitate what Banks do when we lend money to someone. if it is someone we just met. that is, we can see what guarantees the borrower can show. And the bank does this because actually the money that the bank lends to the borrower is money from customers kept at the bank (savings / deposits). So that the bank will definitely need a guarantee to later replace the customer's money stored in the bank which is solely certain to be taken back by the customer. 
When you're short on cash, it can be difficult to quit borrowing money.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
-snip-
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
-snip-
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
It depends on how do you use your debt or loan. If you decide to take a loan or debt you must be certain that it must support your efforts or build your business. Do not follow what millions of Americans spend their money that was taken from a debt / loan just for the extravagant needs. They use credit card to do it, they should reduce using credit card because it make them easier to buy the extravagant needs.
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Borrowing money is a habit for many people. Of course, the lender also looks at the level of the borrower's ability to pay it off.
Actually this is not a good thing to do, but the demands of necessity make many people take out loans.
It doesn't become a bad thing when the loan is used as business capital. But avoiding is better than continuing to do that.
Actually this is not a good thing to do, but the demands of necessity make many people take out loans.
It doesn't become a bad thing when the loan is used as business capital. But avoiding is better than continuing to do that.
It really depends on the situation at hand that prompted the borrower to take out the loan; borrowing is really not something that is bad unless the purpose of the loan is for some non-useful things. Taking a loan must not really be for a business purpose, like you said, because some people could have some emergencies during the middle of the month when they are yet to receive their salary, and when it happens like that, they may have the need to borrow and wait to receive their salary towards the end of the month before repaying the loan.
You know, some people borrow money to buy some flashy things just to impress their friends or intimidate others, but it's really not necessary to take out a loan just to fulfill those needs. Just as you have said, it's really important to take note of whether the borrower has the ability to pay back the loan before giving it to them.
When providing a loan, the Bank takes into consideration many things. Particularly the collateral, because if the person wasn't repay the loan somehow the bank needs to settle the loan. For this the collateral is brought into auction and the loan amount is being paid. When a person borrow from the person next to him or from a known person this stands as debt until its repaid. When a person borrow without understanding his repaying ability, this is going to stand as debt for long. In all means we should have our own plan to lead life with what we earn. At some critical situation we're borrowing that's different. People who borrowing without purpose, particularly for luxury outlook should stop it to progress in life.
I personal feel its a stupid idea to take loan just to please your wants and pleasure because the money collected will be easily spent and before you can understand how you used the money the money must have been squandered and the struggle to pay it falls back on you and if you don't have lucrative means of paying back you will then plunge yourself in a pool of borrowing circle and that's when you start borrowing from other places to clear up the current loan and doing so will make you trapped in a circle of loan you can't get out from which unhealthy for anyone who wants to progress in life. 
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Borrowing money is a habit for many people. Of course, the lender also looks at the level of the borrower's ability to pay it off.Actually this is not a good thing to do, but the demands of necessity make many people take out loans.
It doesn't become a bad thing when the loan is used as business capital. But avoiding is better than continuing to do that.
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