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.
Topic: Quit borrowing - page 3. (Read 2350 times)
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.
that is so correct - we need to increase our saving and try to live within our means. The best approach to the practical life is to live within your means and not to borrow money from other.
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.
As they say, money is the root of all evil
And it's not that new to us when it comes at money because this specific thing can really reveal the person's true character and identity especially if we're talking about huge bulks of cash. Even your friend who you have trusted the most will probably choose the money over you if he's on the edge and will forget what you two have been through just because of that, simple.
Sad to say but it is a reality in life, money can change things.
And regarding to the topic, if you don't know how to value trust borrowing money with your friends can be lead to a habitual
process, either you will keep asking for money and you will not be able to repay it, things that will separate you
with your friends or your love ones. Better not to dwell if you can still control you should stop asking for loan if it's not
for emergency or if it's not for investment that can grow your money.
As they say, money is the root of all evil
And it's not that new to us when it comes at money because this specific thing can really reveal the person's true character and identity especially if we're talking about huge bulks of cash. Even your friend who you have trusted the most will probably choose the money over you if he's on the edge and will forget what you two have been through just because of that, simple.
Sad to say but it is a reality in life, money can change things.
And regarding to the topic, if you don't know how to value trust borrowing money with your friends can be lead to a habitual
process, either you will keep asking for money and you will not be able to repay it, things that will separate you
with your friends or your love ones. Better not to dwell if you can still control you should stop asking for loan if it's not
for emergency or if it's not for investment that can grow your money.
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.
This is the main problem that greatly affects the financial condition. income exceeds expenditure is a virus that must be overcome in managing finances. When your financial condition is down, you must be wise in borrowing money because there are several risks that will arise if your finances jam or fail to pay at maturity, one of the risks that cannot be avoided is that the installments will get bigger because the interest and fines continue to increase.Policies in spending are needed to maintain financial health, you must control your money properly by cutting expenses and spending money wisely. Borrowing money to fulfill desires is not recommended because it will become a burden when paying due to not having a side income source.
The wisdom to borrow is important but often overlooked. Lending platforms will always be happy to dish out loans but forget to add the disclaimer about the snowballing effect of interest and fines. It's like buying a smartphone on a plan and realizing later you could have bought two for the price you end up paying!
However, the solution isn't as straightforward as cutting expenses. It's about understanding needs versus wants and planning expenditures accordingly. A common saying among personal finance geeks is "Don't save what is left after spending; spend what is left after saving". Implementing such simple financial principles could be a starting point to financial prudence.
As they say, money is the root of all evil
And it's not that new to us when it comes at money because this specific thing can really reveal the person's true character and identity especially if we're talking about huge bulks of cash. Even your friend who you have trusted the most will probably choose the money over you if he's on the edge and will forget what you two have been through just because of that, simple.
Borrowing is not advisable when it is been taken for a purpose that can't be used to make double of the money that was being borrowed. I know companies and establishment borrow money to run themselves and doing this they make more money to pay back. It is very important not to allow borrowing to be an habit, it can run one financially.
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.
Investing with borrowed money, especially in assets like Bitcoin, is actually more stupid than planned investing. While there have been cases where individuals have made substantial profits from investing in Bitcoin, it's really not that much, and I find it more fortunate than a well-intentioned scheme. Profit is not certain, so work, and once a case of loss occurs, I think life will turn into a very wonderful new chapter when debt is not paid.
not always what you plan will go accordingly. Some plans may fail leaving you in the middle of nowhere. So better live within your means and don't borrow or dont take loan unnecessary - try to manage the funds you already have and invest when you have surplus and you can afford the loss too.
I am somehow guilty of this- there will be times where I mismanaged my expenses and at the end of the day, I would end up loaning money where I pay interest rates weekly.
While this kind of practice is considerably acceptable, when it becomes a habit, it can definitely take a toll on the expenses. The interest rates that you pay keep increasing and you would not notice on how much money is loss due to this. At the end of the day, you could pinpoint the exact reason on why this happened in the first place- which is mismanagement of expenses.
I do hope that I get to manage my resources and control my expenditures by avoiding ordering too much. This really has become a problem over the past years and I wish that I break this habit of exhausting my money and relying on loans every now and then.
Investing with borrowed money, especially in assets like Bitcoin, is actually more stupid than planned investing. While there have been cases where individuals have made substantial profits from investing in Bitcoin, it's really not that much, and I find it more fortunate than a well-intentioned scheme. Profit is not certain, so work, and once a case of loss occurs, I think life will turn into a very wonderful new chapter when debt is not paid.
not always what you plan will go accordingly. Some plans may fail leaving you in the middle of nowhere. So better live within your means and don't borrow or dont take loan unnecessary - try to manage the funds you already have and invest when you have surplus and you can afford the loss too.
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.
This is the main problem that greatly affects the financial condition. income exceeds expenditure is a virus that must be overcome in managing finances. When your financial condition is down, you must be wise in borrowing money because there are several risks that will arise if your finances jam or fail to pay at maturity, one of the risks that cannot be avoided is that the installments will get bigger because the interest and fines continue to increase.Policies in spending are needed to maintain financial health, you must control your money properly by cutting expenses and spending money wisely. Borrowing money to fulfill desires is not recommended because it will become a burden when paying due to not having a side income source.
The wisdom to borrow is important but often overlooked. Lending platforms will always be happy to dish out loans but forget to add the disclaimer about the snowballing effect of interest and fines. It's like buying a smartphone on a plan and realizing later you could have bought two for the price you end up paying!
However, the solution isn't as straightforward as cutting expenses. It's about understanding needs versus wants and planning expenditures accordingly. A common saying among personal finance geeks is "Don't save what is left after spending; spend what is left after saving". Implementing such simple financial principles could be a starting point to financial prudence.
Borrowing and then investing is a way that many people use, especially those who want to get rich quickly in a reckless way. This really happened from the case of my friend who borrowed money online and then invested, he really got rich, but strangely he didn't hold his wealth for long, less than a year he went bankrupt and even left borrowing debt, that's even sadder than just unemployment , he is looking for a way to get out of debt with a simple job to pay off the debt but it is difficult to make ends meet.
unnecessary borrowing can be killing There is a group of people who would damage the peace of other people for their own benefit.
they would borrow money and would just run away with their ugly desires but God is always there.
- Borrowing for Investment Purpose
- Borrowing because you are living above your income
But in the other hand, if you borrow because what you earn monthly does not sustain you, you are in the speed lane of living an unhappy life and which may lead to long time poverty. If you live above what you earn, don't borrow, just reduce your expense.
sometimes the very friends you trust leaves you in the lurch and you are shall shocked for what has happened to you!
Borrowing and then investing is a way that many people use, especially those who want to get rich quickly in a reckless way. This really happened from the case of my friend who borrowed money online and then invested, he really got rich, but strangely he didn't hold his wealth for long, less than a year he went bankrupt and even left borrowing debt, that's even sadder than just unemployment , he is looking for a way to get out of debt with a simple job to pay off the debt but it is difficult to make ends meet.
unnecessary borrowing can be killing There is a group of people who would damage the peace of other people for their own benefit.
they would borrow money and would just run away with their ugly desires but God is always there.
- Borrowing for Investment Purpose
- Borrowing because you are living above your income
But in the other hand, if you borrow because what you earn monthly does not sustain you, you are in the speed lane of living an unhappy life and which may lead to long time poverty. If you live above what you earn, don't borrow, just reduce your expense.
Borrowing and then investing is a way that many people use, especially those who want to get rich quickly in a reckless way. This really happened from the case of my friend who borrowed money online and then invested, he really got rich, but strangely he didn't hold his wealth for long, less than a year he went bankrupt and even left borrowing debt, that's even sadder than just unemployment , he is looking for a way to get out of debt with a simple job to pay off the debt but it is difficult to make ends meet.
unnecessary borrowing can be killing There is a group of people who would damage the peace of other people for their own benefit.
they would borrow money and would just run away with their ugly desires but God is always there.
Borrowing and then investing is a way that many people use, especially those who want to get rich quickly in a reckless way. This really happened from the case of my friend who borrowed money online and then invested, he really got rich, but strangely he didn't hold his wealth for long, less than a year he went bankrupt and even left borrowing debt, that's even sadder than just unemployment , he is looking for a way to get out of debt with a simple job to pay off the debt but it is difficult to make ends meet.
Investing with borrowed money, especially in assets like Bitcoin, is actually more stupid than planned investing. While there have been cases where individuals have made substantial profits from investing in Bitcoin, it's really not that much, and I find it more fortunate than a well-intentioned scheme. Profit is not certain, so work, and once a case of loss occurs,
It is a bad idea and even starting a business that's come from loaned money unless you're that rich type and you can pay that forward if ever the business fails. We can imitate what the rich can do but it's not that everything they do can be done because of the status that we've got for each of us.I think life will turn into a very wonderful new chapter when debt is not paid.
It's the opposite, life will be better if debts are paid. If someone believes in karma and has taken a loan, he'll do something to get it paid until full but those that don't believe it, they'll just leave these people behind and the won't have to bother themselves pay the debt.I've read an author who claims that loan helps business owners to work hard, and they intentionally don't clear their depts because when they do, they'll feel more relaxed compared to the pressure that would have been on them if they were in debt. But, no essence of having the money and seizing to pay back a debt. In your view about people that don't believe in karma, I think it's the work of credit bureaus to take action on people who don't clear their debts. Some phone lending businesses use this method to disarm such customers or use their social media platform to trace them.
However, the solution isn't as straightforward as cutting expenses. It's about understanding needs versus wants and planning expenditures accordingly. A common saying among personal finance geeks is "Don't save what is left after spending; spend what is left after saving". Implementing such simple financial principles could be a starting point to financial prudence.
I can assure you that only few would do that, just that nowadays people have turned the way of living to a competitive standard whereby people don't even care where they are and what they got involved in living and expensive life. If there's an adjustment, then to also stop living expensive life I don't think in anyway we would live a life debt instead a debt free life, I myself have tried all I could to reduce and remove every unnecessary expenses in my family, whatever we don't want at that moment we skip it and go for the most needed ones by so doing we've eliminated lots of things.
Doing business and investing is the solution to getting out of the work zone. But not everyone dares to get out of that zone, they think that if you do business the income is uncertain while the installments must be paid every month. and have no extra money to invest being drained by mortgages and everyday life.
the solution to these problems you must have the will, courage and seriousness in doing business. all you need to do to get out of the work zone is, by managing your finances so that you have the capital to do business and start investing. if you still can't leave your job or are in doubt then try to manage your time between work and business. later when your business is good you can leave your job.
Investing with borrowed money, especially in assets like Bitcoin, is actually more stupid than planned investing. While there have been cases where individuals have made substantial profits from investing in Bitcoin, it's really not that much, and I find it more fortunate than a well-intentioned scheme. Profit is not certain, so work, and once a case of loss occurs, I think life will turn into a very wonderful new chapter when debt is not paid.
Op did not mention borrowing money to invest in Bitcoin or other Cryptocurrency, this method is not recommended because the risk is very large if the asset you are buying is stuck while the loan payment is due. The contents of the topics discussed by OP are more inclined towards financial management so that expenses are smaller than income so that we avoid debt. Money is an inseparable part of making ends meet, but behind all that you have to have savings so you don't fall into a circle that can make your life limited by digging holes to close holes for borrowing money to pay off debts.and saving is the best solution to avoid debt and can also be used as a reserve fund so that your life is comfortable, no matter how small, saving is mandatory because over time it will become big. And the most important thing is that you have to be able to adjust your needs and lifestyle according to your income, and keep it to a minimum so you can continue to save.
Investing with borrowed money, especially in assets like Bitcoin, is actually more stupid than planned investing. While there have been cases where individuals have made substantial profits from investing in Bitcoin, it's really not that much, and I find it more fortunate than a well-intentioned scheme. Profit is not certain, so work, and once a case of loss occurs, I think life will turn into a very wonderful new chapter when debt is not paid.
Op did not mention borrowing money to invest in Bitcoin or other Cryptocurrency, this method is not recommended because the risk is very large if the asset you are buying is stuck while the loan payment is due. The contents of the topics discussed by OP are more inclined towards financial management so that expenses are smaller than income so that we avoid debt. Money is an inseparable part of making ends meet, but behind all that you have to have savings so you don't fall into a circle that can make your life limited by digging holes to close holes for borrowing money to pay off debts. 
It's never going to be difficult to borrow money from somewhere when you are short of cash if you are brought up this way, for many people borrowing money has made debt a normal way of living.
I've heard stories and how some people use debt to make more money, but that's because these set of people are made differently, they are called strategist because they use the debt to create money printing machines and it work really well for them.
But there are some people that take debts for silly reasons, some takes loan for gambling and they put themselves in more problem, there is no point in taking loans and you end up in more debt disaster.
Debt is not always bad, even many large companies have debt, they take debt with clear objectives and possibilities so it is actually good for them to increase their business.I've heard stories and how some people use debt to make more money, but that's because these set of people are made differently, they are called strategist because they use the debt to create money printing machines and it work really well for them.
But there are some people that take debts for silly reasons, some takes loan for gambling and they put themselves in more problem, there is no point in taking loans and you end up in more debt disaster.
but for people who are in debt for ridiculous reasons, one day they will realize about that stupid thing.
Debt has become commonplace in life, even now there are many ways to get into debt, but it all comes back to ourselves how to take advantage of this debt to be able to increase income in life or advance business.
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