Topic: Quit borrowing - page 2. (Read 2572 times)
Taking loan is not bad as long as borrowers know their limits, it will totally depend upon your need, you are taking loan for what? asset or liability, let me clear these two things asset mean which give you income and liability mean which take income from you. In my opinion if you are taking loan for liability then you should avoid the loan. If you want to invest in asset such like house, making up business etc which can give you more benefit with right income then you can borrow loan three is nothing wrong.
Actually it can be done, but when we get used to being in debt then that is the beginning of real difficulties. Let's just say we are currently in debt, and we can manage all our finances at the same time we can pay off debts on time and without any difficulty. Well in the future we will think the same thing from our experience at this time. We will think that in the past we can pay it off without any obstacles, and from there we will start thinking about starting to owe again, even though, at that time we did not have an urgent need that required us to take out a loan. So things like this actually backfire on ourselves, and we also don't know what will happen next.
There are lots of factors that cause someone to go into debt or take loans several times, they need money urgently, so they have no other choice but to borrow. An unsupportive economic angle will make it very possible for them to choose to borrow and then pay it later. This is not wrong and it is natural, but if we too think borrowing is normal then this is the beginning of a loss of balance in someone's finances, where every month their salary is only to pay off debt. We must be careful in responding to this, it will be very dangerous for someone who has experienced addiction in debt because there will be very many negative impacts that he will feel later in life, not a few of them are stressed and even end their lives because of the impact of emotional pressure what they feel.on the time that they would really be experiencing shortage of money on which it would really be that understandable that they would really be taking up such step on the time that there's no other way or solution on which they could really be able to touch on.This is why it would really be just that normal that people would really be taking some loans despite on knowing that they would really be paying up some interest on which
it would really be that a common approach that they would really be that consider on borrowing despite on being at disadvantage.What choice they do really have?
As long you would really be that responsible with your loan and able to repay on time then i dont see any problems with this.
There are various instances and methods through which individuals and even companies obtain loans. When someone reaches this point and is obligated to do it’s undoubtedly due to a bad situation and there is no positive outcome associated with borrowing money. But also we cant say that every borrowing is entirely negative particularly when it comes to health concerns where you are short on funds for necessary hospitalization or medication. I personally been in such situations.
Beside that i have seen numerous cryptocurrency projects that offer money lending opportunities with returns for the lender one of them was the famous blockchain wallet so in my opinion borrowing is not always a bad thing and can prove beneficial in several scenarios.
Beside that i have seen numerous cryptocurrency projects that offer money lending opportunities with returns for the lender one of them was the famous blockchain wallet so in my opinion borrowing is not always a bad thing and can prove beneficial in several scenarios.
Actually it can be done, but when we get used to being in debt then that is the beginning of real difficulties. Let's just say we are currently in debt, and we can manage all our finances at the same time we can pay off debts on time and without any difficulty. Well in the future we will think the same thing from our experience at this time. We will think that in the past we can pay it off without any obstacles, and from there we will start thinking about starting to owe again, even though, at that time we did not have an urgent need that required us to take out a loan. So things like this actually backfire on ourselves, and we also don't know what will happen next.
There are lots of factors that cause someone to go into debt or take loans several times, they need money urgently, so they have no other choice but to borrow. An unsupportive economic angle will make it very possible for them to choose to borrow and then pay it later. This is not wrong and it is natural, but if we too think borrowing is normal then this is the beginning of a loss of balance in someone's finances, where every month their salary is only to pay off debt. We must be careful in responding to this, it will be very dangerous for someone who has experienced addiction in debt because there will be very many negative impacts that he will feel later in life, not a few of them are stressed and even end their lives because of the impact of emotional pressure what they feel. 
Borrowing could be option for problem facing with financial difficulties but in cryptocurrency stable coins are recommended for borrowing than try with other coins has fluactive price later when repayment deadline coming. But always be careful with loan interest and how much percent each month or repayment full duration until how many months. Looks not recommended if you want use borrowing fund for short term trading because can't guarantee to earn profit consistency every day, but for long term investment looks beneficial depend first time investing in bitcoin or other coin when price dump.
In most cases one can't do without acquiring a loan but one should stop getting loan for unnecessary things
Countries, Nations etc obtain loans mostly for infrastructural development these are necessary projects for the purpose of making life easy for their citizens, however there are some individuals who obtain loans to spend on trivial things like embarking on spending spree just for show off, this is very common in my community infact some obtain loan to buy stuffs for festivals while paying through their nose in offsetting their loans to avoid defaults, most of those loan are not necessary at all because some defaulters ended up losing some of their assets (cars, houses etc) used as collateral in the process of obtaining the loans. 
When facing financial difficulties, it can be challenging to avoid borrowing money. However, continuously relying on loans can lead to a cycle of debt that is difficult to break. One way to break this cycle is to create a budget and stick to it. Start by tracking your expenses and identifying areas where you can cut back. Another option is to increase your income. This could involve taking on a side job or finding ways to monetize your skills or hobbies. You could also consider selling items you no longer need or use. Prioritize paying your debts. Focus on paying off high interest debts first such as credit card balances, as these debts can quickly accumulate and make it even harder to get out of debt.
You are right in what you are saying, as long as you don't let yourself be unable to pay the debt, and it is not bad to be in debt either. Just do it the right and proper way of using it. The others are able to do it and use it just because of their luxury and boasting to people.
But as much as possible, avoid it becoming a habit because you might not be able to control yourself and the time comes when you don't realize that you are buried or drowning in debt.
Your advice is good in terms of loans and their potential impact on someone's financial well-being but I think it's good to clarify by mentioning reliable cryptocurrencies so that the OP understands and doesn't make the wrong choice in investing and in terms of withdrawals too.
If you have to make clarifications by directly mentioning cryptocurrencies, I think stablecoins are better to borrow. Because apart from the price being always stable in the market, stablecoins are also easier for everyone to pay for so that the return will not be too complicated for the borrower. In addition, each borrower can also directly use stablecoins for the investment he wants, like the Bitcoin example, because with the profits he gets through Bitcoin investments, he can also collect them to repay loans he has taken on other people.
But I personally always don't want to make a loan if it's for investment, because I'm still worried that I can't repay it on time, even though the investment objective is for Bitcoin. So my advice is if you can, don't take a loan to make an investment, but try to collect the capital first and then use it to invest so that we ourselves won't feel too deep a burden when we have made our own investments in assets like Bitcoin. (for example).
When facing financial difficulties, it can be challenging to avoid borrowing money. However, continuously relying on loans can lead to a cycle of debt that is difficult to break. One way to break this cycle is to create a budget and stick to it. Start by tracking your expenses and identifying areas where you can cut back. Another option is to increase your income. This could involve taking on a side job or finding ways to monetize your skills or hobbies. You could also consider selling items you no longer need or use. Prioritize paying your debts. Focus on paying off high interest debts first such as credit card balances, as these debts can quickly accumulate and make it even harder to get out of debt.
You are right in what you are saying, as long as you don't let yourself be unable to pay the debt, and it is not bad to be in debt either. Just do it the right and proper way of using it. The others are able to do it and use it just because of their luxury and boasting to people.
But as much as possible, avoid it becoming a habit because you might not be able to control yourself and the time comes when you don't realize that you are buried or drowning in debt.
When facing financial difficulties, it can be challenging to avoid borrowing money. However, continuously relying on loans can lead to a cycle of debt that is difficult to break. One way to break this cycle is to create a budget and stick to it. Start by tracking your expenses and identifying areas where you can cut back. Another option is to increase your income. This could involve taking on a side job or finding ways to monetize your skills or hobbies. You could also consider selling items you no longer need or use. Prioritize paying your debts. Focus on paying off high interest debts first such as credit card balances, as these debts can quickly accumulate and make it even harder to get out of debt.
That's what I would advise to anyone with debts. Unfortunately, many people wouldn't listen. Typical situation: having many debts already they are taking a loan to go on holidays and spend it on buying unnecessary things. Then they have more debts than before, and it's harder to deal with the situation.
Guys, take on a side job and pay off all your debts first. Trust me, you'll feel happier than after any holiday when you are free from all your debts.
if the debt is used for a business where it will generate profits and can pay it off it doesn't matter,
debt for fun I think it's a stupid decision.
When facing financial difficulties, it can be challenging to avoid borrowing money. However, continuously relying on loans can lead to a cycle of debt that is difficult to break. One way to break this cycle is to create a budget and stick to it. Start by tracking your expenses and identifying areas where you can cut back. Another option is to increase your income. This could involve taking on a side job or finding ways to monetize your skills or hobbies. You could also consider selling items you no longer need or use. Prioritize paying your debts. Focus on paying off high interest debts first such as credit card balances, as these debts can quickly accumulate and make it even harder to get out of debt.
That's what I would advise to anyone with debts. Unfortunately, many people wouldn't listen. Typical situation: having many debts already they are taking a loan to go on holidays and spend it on buying unnecessary things. Then they have more debts than before, and it's harder to deal with the situation.
Guys, take on a side job and pay off all your debts first. Trust me, you'll feel happier than after any holiday when you are free from all your debts.
When facing financial difficulties, it can be challenging to avoid borrowing money. However, continuously relying on loans can lead to a cycle of debt that is difficult to break. One way to break this cycle is to create a budget and stick to it. Start by tracking your expenses and identifying areas where you can cut back. Another option is to increase your income. This could involve taking on a side job or finding ways to monetize your skills or hobbies. You could also consider selling items you no longer need or use. Prioritize paying your debts. Focus on paying off high interest debts first such as credit card balances, as these debts can quickly accumulate and make it even harder to get out of debt.
Borrow is not the good way of living,when you start to borrow from your friends.It will become a habit to you,you need to stop of begin the process.Because in the starting time,you will feel like guilty.Later you use the way to continue without any guilt,instead you can had some holding in the crypto currency.Then withdraw the funds on need and no need to request anyone for the money.
Your advice is good in terms of loans and their potential impact on someone's financial well-being but I think it's good to clarify by mentioning reliable cryptocurrencies so that the OP understands and doesn't make the wrong choice in investing and in terms of withdrawals too.
by now, the OP should know what to look for when it comes to alt market investments. but if you ever decide to explore your opportunities in crypto, better not to take a loan just to invest in any market. this is a volatile market where you don't know if you will get profit or not.
it is better to live without debt, as you can sleep peacefully without anyone hounding your back. some lenders are annoying as they will harass you to settle your debt.
Borrow is not the good way of living,when you start to borrow from your friends.It will become a habit to you,you need to stop of begin the process.Because in the starting time,you will feel like guilty.Later you use the way to continue without any guilt,instead you can had some holding in the crypto currency.Then withdraw the funds on need and no need to request anyone for the money.
Your advice is good in terms of loans and their potential impact on someone's financial well-being but I think it's good to clarify by mentioning reliable cryptocurrencies so that the OP understands and doesn't make the wrong choice in investing and in terms of withdrawals too.
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.
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.
Even the government of most developed countries take loans from the world bank to sustain their economy talk more of normal individuals, just like you said many individuals in general have been there and taking loans have become a normal lifestyle for humans at large.
But it's advisable to have a source of income before you embark on requesting for loans from banks or a wealthy individual, only a foolish man would take a loan without having any job to clear his debt, I've witnessed a case where a man took loans from a rich merchant to clear his house bills, he might have solved a part of his problem but has attracted another problem to himself which might turn out embarrassing if he can't meet up paying up.
There's a saying that "one should cut their coats According to their sizes" which means that you shouldn't do beyond your capacity in orherwords know your worth, when you're spending beyond your earnings you might be forced to borrow money which would make you be in debt and suffer financially, however taking loans is not a bad idea when you use the funds on a good investment.
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.
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.
Lending and borrowing have been inherent aspect of human civilization since its inception. However, living beyond means and rely on borrowed funds to sustain your budget can lead to serious financial troubles in the long term. On the other hand, If you borrow funds from bank to expand your business, and your earnings are enough to cover monthly installments. Such kind of responsible borrowings is beneficial for business growth and leads to wealth creation in the long term.
Borrowing is not bad but it depends on what you want to do with the funds, some people spend borrowed money as if it is a personal fund, so many people have formed the habit of borrowing, I will even say that they are very addicted to it. The only way for this to stop is by restrictions from the appropriate authority, people should live within the confined of what they have in other to avoid borrowing because borrowing can make you poor.
Note before you borrow, consider the interest rate and make sure you have somewhere you want to invest it, so that the repayment won't be a burden for you.
Note before you borrow, consider the interest rate and make sure you have somewhere you want to invest it, so that the repayment won't be a burden for you.
The bigger your salary, the more you spend. That is really the problem with people right now, even myself. I've had that habit that I kind of say to myself that because my salary is bigger now, I can eat at fancy restaurants, which is really bad for finances. We can do it rarely, but it is really better to save because we can't prevent ourselves from borrowing from others. But again, it is really difficult to not borrow if your income is just enough and you also have another source of income. But still, if we have a chance to save, we should always save, as for sure we will need it in the future.
I am don't like borrowing money, it really stressed me out thinking when will i finish paying it. (Actually my husband is the one who has loan, but i am the one stressing). Best to loan if you a splendid idea how to use, not just paying the loan but also aerning from it. Don't loan just for buying some unnecessary thing just to flex to social media.
We need to be aware of our spending. We need to control our spending because if our spending is more than what we earn it is not a good sign for our life and our future. We need to increase savings rather than spending.The government and banks have to step away from setting new rules and regulations on credit cards. This is because the most common type of personal loan so the government and banks can control this situation by themselves when one increases the rate of return on his credit repayments. I think we should refrain from borrowing. Borrowing someone's heart is upset, and if you want to ask for the money you owe, you will see that the heart becomes depressed.
Well paying attention to cash inflows and cash outflows in our finances is very important. At least everything has to be balanced. and the maximum we have to have more income than expenses. So that we can set aside money to save or invest. The situation that makes someone borrow is when the inflows and outflows are not balanced. i.e. our spending money is far more than our income. This is what makes someone compelled to make a loan. the solution to overcome this may be by trying to increase income. but it's not easy. but worth fighting for.Without proper balance with your finances, yo'll end up loaning money to cover our lapses.
True, you need to add more sources of income to cover whatever is the need to cover in order not to barrow money
and to balance our finances, it's more about how you deal with your income and how you minimize your expenses and
maximize all possible resources.
We need to be aware of our spending. We need to control our spending because if our spending is more than what we earn it is not a good sign for our life and our future. We need to increase savings rather than spending.The government and banks have to step away from setting new rules and regulations on credit cards. This is because the most common type of personal loan so the government and banks can control this situation by themselves when one increases the rate of return on his credit repayments. I think we should refrain from borrowing. Borrowing someone's heart is upset, and if you want to ask for the money you owe, you will see that the heart becomes depressed.
Well paying attention to cash inflows and cash outflows in our finances is very important. At least everything has to be balanced. and the maximum we have to have more income than expenses. So that we can set aside money to save or invest. The situation that makes someone borrow is when the inflows and outflows are not balanced. i.e. our spending money is far more than our income. This is what makes someone compelled to make a loan. the solution to overcome this may be by trying to increase income. but it's not easy. but worth fighting for. Jump to: