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Topic: Quit borrowing - page 5. (Read 2350 times)

legendary
Activity: 3094
Merit: 1127
June 05, 2023, 06:20:33 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.

Is it not actually a bad thing, it exist so incase of emergency we could use some help by borrowing money and just to make sure that you could pay it so you wouldn't be in debt. The thing is having a loan is not advisable in investing or trading since there's always a risk involved in this industry. It's like you're having a gamble with the money that you borrowed. Plus always note that if you're having a loan always think ahead if you could pay it in the future and if you could budget the money you have.

It won't be a gamble if you have knowledge on it but one of the reasons it is not advisable to take a loan for investment is that how will you pay it if your investment is not profitable or lose it all. Other will say it is okay as long as you can pay it and you can take the loss but again we wont earn any single profit or become a rich if we plan this if we only stays at our comfort zone, there are businessman that takeout a loan to start their business, it is only matter of the risk if you can take it but again only take those calculated risk and don't invest blindly
there are various ways one cam earn money. gambling is not always a great choice!
People had been making money in gambling so it does not start today.
 A lot is happening and there is need for us to create a good business that would give us good earnings than for us to relax and think of using or borrowing money from people around us without having to stop the urge.
Borrowing or taking a loan isnt really that bad as long you do really know on paying them back.Things turns out to be mess is on just on the time that you would really be that irresponsible in regarding on  your dues
on which it would really be resulting into that kind of paying up huge interest and the worst you would really be facing up some cases due to that specially if you do took loan from lending firms or in the banks.
As much as possible then it would really be that recommended on not to take up some loan on which it would be ideal on making use of the funds you do have so that you would be able to avoid
on borrowing on which this is t he reason on why you do put up yourself into much trouble. This is why its really that important that you should be thinking up twice before stepping further
in terms or conditions like this.
Borrow or taking loan for the sake of business and investment is ideal but if you are really that just taking a loan for buying some no use things or simply with liabilities then it is really that hard
when the time comes.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
June 05, 2023, 05:58:59 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.

Is it not actually a bad thing, it exist so incase of emergency we could use some help by borrowing money and just to make sure that you could pay it so you wouldn't be in debt. The thing is having a loan is not advisable in investing or trading since there's always a risk involved in this industry. It's like you're having a gamble with the money that you borrowed. Plus always note that if you're having a loan always think ahead if you could pay it in the future and if you could budget the money you have.

It won't be a gamble if you have knowledge on it but one of the reasons it is not advisable to take a loan for investment is that how will you pay it if your investment is not profitable or lose it all. Other will say it is okay as long as you can pay it and you can take the loss but again we wont earn any single profit or become a rich if we plan this if we only stays at our comfort zone, there are businessman that takeout a loan to start their business, it is only matter of the risk if you can take it but again only take those calculated risk and don't invest blindly
there are various ways one cam earn money. gambling is not always a great choice!
People had been making money in gambling so it does not start today.
 A lot is happening and there is need for us to create a good business that would give us good earnings than for us to relax and think of using or borrowing money from people around us without having to stop the urge.
hero member
Activity: 630
Merit: 611
June 05, 2023, 04:33:08 PM
Most of us like to only borrow when returning it is very difficult, in this case we must pay attention too the job of the person borrowing if you really want to lend it because if it's the wrong person or the person who doesn't have a job we lend it can there will be fraud and not paid looking for reasons that there is nothing to pay
Of course. we have to be careful if we want to give a loan to anyone. especially to people we have not known for a long time. we do have to first check what job he has and also check his real identity and whether he is really a person who can be trusted or not. Even when borrowing from a bank, you need collateral. So also we have to see what collateral is offered by the borrower if he is not someone we know. but I personally don't always ask a lot of questions when my relatives borrow from me. I would immediately give it without hesitation if I had extra money that I could lend.


It's important to exercise caution when lending money, especially to individuals you don't know well. Verifying someone's identity and employment can provide some level of assurance. Additionally, collateral is often required when borrowing from a bank to ensure the repayment of the loan. If you are considering lending money to someone you don't know, it's essential to evaluate the risk and consider whether they can be trusted to repay the loan.
very right - better dont lend money. Because most of the time people just run away with money.
But for now it's not easy to find people who are honest and always fulfill their responsibilities well in loans. So it's only natural that nowadays people are always reluctant to help other people in making loans. because too many people don't trust each other. and those things of course there are triggers. usually someone who can't pay debts not on time is because they are in a condition that makes it impossible to pay debts. and the creditor of course still wants to be paid on time. such things often happened and resulted in a drop in the level of mutual trust in one another. But being careful is the important thing.
full member
Activity: 1050
Merit: 109
June 05, 2023, 04:27:05 PM
I hope borrowing never put us to shame before we quit this action, why can't we learn and give it all it takes to also be an owner and lend to others than borrowing always, some people have no courtesy to what they can borrow, how they borrow and from whom they even borrow from, it a thing of shame that some people don't even count it serious that they should stop or limit the extent of things they borrow.

I'm afraid to say that it cannot be avoided especially for the ones who badly needed to borrow some money just to get through the day because their job is not paying that well to cover up their daily expenses nor can make them and their family eat as much as 3x a day. For us here, we can somehow say that we should consider something first and weigh some things before borrowing before it can put us to shame but for other people who doesn't have that much, shame and embarrassment is not really a big deal as long as they can survive in this harsh world.
the biggest mistake is when you borrow money and the money is used to meet daily needs or borrow money with the aim of paying off previous debts is a ridiculous thing to do. until in the end you can't pay bills because the money you borrow is not used wisely and causes you to be in debt.

and what you have to do here doesn't mean you have to stop borrowing money, but use the borrowed money as best and wisely as possible. when you get a loan it means you get the opportunity to start a business because you already have temporary capital. thus you can have a new business and have additional income so you don't need to be confused anymore for bills every month because you get results from the efforts you make.
i have seen people borrowing money and wasting it like crazy. one of the reasons is that because you havenot earned it so borrower just waste the money.
newbie
Activity: 39
Merit: 0
June 05, 2023, 12:54:41 PM
I hope borrowing never put us to shame before we quit this action, why can't we learn and give it all it takes to also be an owner and lend to others than borrowing always, some people have no courtesy to what they can borrow, how they borrow and from whom they even borrow from, it a thing of shame that some people don't even count it serious that they should stop or limit the extent of things they borrow.

I'm afraid to say that it cannot be avoided especially for the ones who badly needed to borrow some money just to get through the day because their job is not paying that well to cover up their daily expenses nor can make them and their family eat as much as 3x a day. For us here, we can somehow say that we should consider something first and weigh some things before borrowing before it can put us to shame but for other people who doesn't have that much, shame and embarrassment is not really a big deal as long as they can survive in this harsh world.
the biggest mistake is when you borrow money and the money is used to meet daily needs or borrow money with the aim of paying off previous debts is a ridiculous thing to do. until in the end you can't pay bills because the money you borrow is not used wisely and causes you to be in debt.

and what you have to do here doesn't mean you have to stop borrowing money, but use the borrowed money as best and wisely as possible. when you get a loan it means you get the opportunity to start a business because you already have temporary capital. thus you can have a new business and have additional income so you don't need to be confused anymore for bills every month because you get results from the efforts you make.
hero member
Activity: 1792
Merit: 507
June 05, 2023, 12:13:05 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.

Is it not actually a bad thing, it exist so incase of emergency we could use some help by borrowing money and just to make sure that you could pay it so you wouldn't be in debt. The thing is having a loan is not advisable in investing or trading since there's always a risk involved in this industry. It's like you're having a gamble with the money that you borrowed. Plus always note that if you're having a loan always think ahead if you could pay it in the future and if you could budget the money you have.

It won't be a gamble if you have knowledge on it but one of the reasons it is not advisable to take a loan for investment is that how will you pay it if your investment is not profitable or lose it all. Other will say it is okay as long as you can pay it and you can take the loss but again we wont earn any single profit or become a rich if we plan this if we only stays at our comfort zone, there are businessman that takeout a loan to start their business, it is only matter of the risk if you can take it but again only take those calculated risk and don't invest blindly
there are various ways one cam earn money. gambling is not always a great choice!
hero member
Activity: 2352
Merit: 594
June 05, 2023, 12:05:03 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.

Is it not actually a bad thing, it exist so incase of emergency we could use some help by borrowing money and just to make sure that you could pay it so you wouldn't be in debt. The thing is having a loan is not advisable in investing or trading since there's always a risk involved in this industry. It's like you're having a gamble with the money that you borrowed. Plus always note that if you're having a loan always think ahead if you could pay it in the future and if you could budget the money you have.

It won't be a gamble if you have knowledge on it but one of the reasons it is not advisable to take a loan for investment is that how will you pay it if your investment is not profitable or lose it all. Other will say it is okay as long as you can pay it and you can take the loss but again we wont earn any single profit or become a rich if we plan this if we only stays at our comfort zone, there are businessman that takeout a loan to start their business, it is only matter of the risk if you can take it but again only take those calculated risk and don't invest blindly
hero member
Activity: 1792
Merit: 507
June 05, 2023, 11:58:49 AM
Most of us like to only borrow when returning it is very difficult, in this case we must pay attention too the job of the person borrowing if you really want to lend it because if it's the wrong person or the person who doesn't have a job we lend it can there will be fraud and not paid looking for reasons that there is nothing to pay
Of course. we have to be careful if we want to give a loan to anyone. especially to people we have not known for a long time. we do have to first check what job he has and also check his real identity and whether he is really a person who can be trusted or not. Even when borrowing from a bank, you need collateral. So also we have to see what collateral is offered by the borrower if he is not someone we know. but I personally don't always ask a lot of questions when my relatives borrow from me. I would immediately give it without hesitation if I had extra money that I could lend.


It's important to exercise caution when lending money, especially to individuals you don't know well. Verifying someone's identity and employment can provide some level of assurance. Additionally, collateral is often required when borrowing from a bank to ensure the repayment of the loan. If you are considering lending money to someone you don't know, it's essential to evaluate the risk and consider whether they can be trusted to repay the loan.
very right - better dont lend money. Because most of the time people just run away with money.
sr. member
Activity: 952
Merit: 323
June 04, 2023, 07:38:00 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.

Is it not actually a bad thing, it exist so incase of emergency we could use some help by borrowing money and just to make sure that you could pay it so you wouldn't be in debt. The thing is having a loan is not advisable in investing or trading since there's always a risk involved in this industry. It's like you're having a gamble with the money that you borrowed. Plus always note that if you're having a loan always think ahead if you could pay it in the future and if you could budget the money you have.
It is called investing a loan, which means when you tanking out some loan for investment like securities, real estaate or even crypto currency like bitcoin. of course this strategy can give higher profit but increased investment capital but this strategy also carries inherent risks. 
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
June 04, 2023, 07:20:48 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.

Is it not actually a bad thing, it exist so incase of emergency we could use some help by borrowing money and just to make sure that you could pay it so you wouldn't be in debt. The thing is having a loan is not advisable in investing or trading since there's always a risk involved in this industry. It's like you're having a gamble with the money that you borrowed. Plus always note that if you're having a loan always think ahead if you could pay it in the future and if you could budget the money you have.
full member
Activity: 1050
Merit: 109
June 04, 2023, 06:57:56 PM
Borrowing isn't inherently bad if done responsibly and with a clear repayment plan. There are situations where borrowing becomes a necessary and temporary solution to specific needs or crises. When borrowing is approached as a temporary measure and used in moderation, it can help you close a financial gap or overcome unexpected costs. Small, short-term loans, like the ones you mentioned, can be useful for dealing with urgent needs when there are no alternatives. But you must be aware of your financial situation and not rely on borrowing as a long-term strategy to manage expenses or maintain a certain lifestyle. Being constantly dependent on borrowing without a clear repayment plan can lead to a vicious cycle of debt and financial stress.
if you are an overspender then surly will be a borrower - but if you are not going to retun the borrowd money then it will be very dangerous
hero member
Activity: 1792
Merit: 507
June 04, 2023, 06:24:33 PM
Borrowing isn't inherently bad if done responsibly and with a clear repayment plan. There are situations where borrowing becomes a necessary and temporary solution to specific needs or crises. When borrowing is approached as a temporary measure and used in moderation, it can help you close a financial gap or overcome unexpected costs. Small, short-term loans, like the ones you mentioned, can be useful for dealing with urgent needs when there are no alternatives. But you must be aware of your financial situation and not rely on borrowing as a long-term strategy to manage expenses or maintain a certain lifestyle. Being constantly dependent on borrowing without a clear repayment plan can lead to a vicious cycle of debt and financial stress.
There are various ways to stop borrowing one of them is living below your means and keeping a track of your spending habits
sr. member
Activity: 1036
Merit: 258
Need a Helping hand? https://tinyurl.com/2p94uabm
June 04, 2023, 01:59:02 PM
Actually borrowing is not a bad thing people are usually victims of circumstances, there are many times when the situation has to take after it is not a shame but you have to stay within your limits. Must be able to take and pay back on time but it will not be right to do it all the time. We borrow money from each other for various needs in our life. But if this money loan becomes a habit then there is a doubt that we may not be successful in our life. When you buy something with your own money and buy it by borrowing money from above, the joy of the two will never be the same and there will be pressure on the head when to pay it back.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
June 04, 2023, 10:52:09 AM
I hope borrowing never put us to shame before we quit this action, why can't we learn and give it all it takes to also be an owner and lend to others than borrowing always, some people have no courtesy to what they can borrow, how they borrow and from whom they even borrow from, it a thing of shame that some people don't even count it serious that they should stop or limit the extent of things they borrow.

I'm afraid to say that it cannot be avoided especially for the ones who badly needed to borrow some money just to get through the day because their job is not paying that well to cover up their daily expenses nor can make them and their family eat as much as 3x a day. For us here, we can somehow say that we should consider something first and weigh some things before borrowing before it can put us to shame but for other people who doesn't have that much, shame and embarrassment is not really a big deal as long as they can survive in this harsh world.
sr. member
Activity: 1526
Merit: 251
June 04, 2023, 10:45:29 AM
Most of us like to only borrow when returning it is very difficult, in this case we must pay attention too the job of the person borrowing if you really want to lend it because if it's the wrong person or the person who doesn't have a job we lend it can there will be fraud and not paid looking for reasons that there is nothing to pay
Of course. we have to be careful if we want to give a loan to anyone. especially to people we have not known for a long time. we do have to first check what job he has and also check his real identity and whether he is really a person who can be trusted or not. Even when borrowing from a bank, you need collateral. So also we have to see what collateral is offered by the borrower if he is not someone we know. but I personally don't always ask a lot of questions when my relatives borrow from me. I would immediately give it without hesitation if I had extra money that I could lend.


It's important to exercise caution when lending money, especially to individuals you don't know well. Verifying someone's identity and employment can provide some level of assurance. Additionally, collateral is often required when borrowing from a bank to ensure the repayment of the loan. If you are considering lending money to someone you don't know, it's essential to evaluate the risk and consider whether they can be trusted to repay the loan.
hero member
Activity: 2842
Merit: 625
June 04, 2023, 06:56:41 AM
Once is enough but if they try to ask you and didn't paid the first loan they took you, what a shame on them. You've helped them without having a second though and when they're able, they did had a second thought of paying you.

Sometimes you have to be hard on these people even if they've got a pitiful situation. They can't get out of that situation because they don't even think of the feelings of the others that they're asking for loan.

That's why karma has always been real and what you did to others will always come back to you depending if it's a good or bad one like this in borrowing.
I agree with you: Borrowing reasonably is one the greatest thing to be kept in consideration. Some people are habitual and keep borrowing money all the time. They never borrow to return. On the other hand some people are great in dealing with their loans.
And hopefully most people are like the latter part but they're not.

Once is enough but if they try to ask you and didn't paid the first loan they took you, what a shame on them. You've helped them without having a second though and when they're able, they did had a second thought of paying you.

Sometimes you have to be hard on these people even if they've got a pitiful situation. They can't get out of that situation because they don't even think of the feelings of the others that they're asking for loan.

That's why karma has always been real and what you did to others will always come back to you depending if it's a good or bad one like this in borrowing.
Wow, real-talk as it is, but nothing to argue as those people will not learn if they will not bring this kind of things to them.

If you will not be straightforward, then there's nothing to reflect with those kinds of people,
they will keep asking for more loan and will try every chance that they have to make
something out of you and they will just repeat it from time to time.
And if they ask the same thing to the people that they've borrowed money and they never paid back, there's no hope for them and I am sure that they are aware of that.

It's too much if they are arrogant to ask them again for some loan when they've never have the guts to pay or ask them for some extension because they have no intention of paying them.
legendary
Activity: 2688
Merit: 1192
June 04, 2023, 06:39:51 AM
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.

People have always tried to copy their idols and in the age of the internet there is more influence taking place than ever before. Combine that with the convenience of buying stuff online and easy access to credit, it joins together in a very dangerous combination. A lot of the blame does go to the companies that are so eager to offer credit, often at outrageous and totally unfair rates to the people who find it hardest to pay back. There is also an element that you cannot save everyone, you can educate people as much as you want, but some people will always choose to live on the borderline between paychecks and refuse to acknowledge that there is a better way to live.
sr. member
Activity: 1386
Merit: 283
June 03, 2023, 07:21:47 PM
I hope borrowing never put us to shame before we quit this action, why can't we learn and give it all it takes to also be an owner and lend to others than borrowing always, some people have no courtesy to what they can borrow, how they borrow and from whom they even borrow from, it a thing of shame that some people don't even count it serious that they should stop or limit the extent of things they borrow.
At least people must first measure the limits of their financial capabilities before intending to take a loan. but often this one important thing is neglected by those who are addicted. But there are situations where they are forced to do so even though they realize their ability to pay may not be very good. What is really embarrassing are those who borrow only to buy branded items that they use to show off and prioritize style in their life. But those who borrow for an urgent need can still be considered reasonable.

Borrowing money is nothing to be ashamed of if we use it for necessary and essential purposes. I also used to borrow to cover my life, it can be said that it was a very difficult time, and the repayment was also very hard, it exhausted my strength. But if I don't borrow money, my family, wife, and children will face even more difficulties. As long as we borrow and pay in full, there is no shame because life will sometimes encounter unexpected difficulties.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
June 03, 2023, 06:00:48 PM
When you're short on cash, it can be difficult to quit borrowing money.
Don't you think there should be a line drawn between borrowing money and managing to payback & borrowing money and failing to payback Huh I don't think its about quiting because if someone is paying back then there is no problem here...

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.
Were are these stats coming from???

Btw when someone is getting these extra loans its more likely that they have the capacity based on debt service ratio, because if someone is to put the numbers together to see if you are in a position to payback with all other loans on your book, then you would never be considered for one.. But should the numbers read that you have some funds to spare then the extra loans will be approved.

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.
Credit cards, Overdrafts etc all these financing options were meant to keep the economy  running as these mediums  are used to pump in money into circulation but the end user does pay the price.
hero member
Activity: 630
Merit: 611
June 03, 2023, 05:51:46 PM
I hope borrowing never put us to shame before we quit this action, why can't we learn and give it all it takes to also be an owner and lend to others than borrowing always, some people have no courtesy to what they can borrow, how they borrow and from whom they even borrow from, it a thing of shame that some people don't even count it serious that they should stop or limit the extent of things they borrow.
At least people must first measure the limits of their financial capabilities before intending to take a loan. but often this one important thing is neglected by those who are addicted. But there are situations where they are forced to do so even though they realize their ability to pay may not be very good. What is really embarrassing are those who borrow only to buy branded items that they use to show off and prioritize style in their life. But those who borrow for an urgent need can still be considered reasonable.
It should be remembered that at first it was compulsion that this could become a continuation in addiction which makes them always have the mindset that borrowing is the only way to make their condition better.
Not a few things like this happen because their mindset has been set considering that the previous loan was paid off well which made them think about borrowing again with the same thought that this could also be resolved.
But on the other hand they never think about the worst possibility when passing and have to pay every month because indeed their belief is always in a state of full confidence.

Actually it's still the same as before and I agree with you about knowing your own capacity in this regard but on the other hand it's also not a guarantee because even if we are initially able to pay installments it is not certain that in the future we can comfortably do that too.
yes you are right. because we don't know whether our financial situation will remain good or not in the future. Well maybe before borrowing we feel our financial ability can handle it. but then after making a loan, the economic situation that turned difficult could drag someone who originally had strong financial capabilities into a weak one. So it becomes difficult to pay off the loan. Maybe these habits and addictions really should not be underestimated. Because well it is also not good for someone who has mature financial planning and wants financial freedom in the future.
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