Quit borrowing - page 7. | Bitcointalksearch.org

kapalmabur

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Quote from: retreat on June 01, 2023, 04:16:56 AM

Quote from: xSkylarx on June 01, 2023, 02:20:49 AM

-snip-

When it comes to family or relative i do always lend money to them even sometimes they dont pay because mostly in my mind i needed their help in the future so if that time comes they will not decline me as I've help them before , but with regards to friends i do always careful on this to whom who i will trust because sometimes trust can kill you which you should be careful , as long as your friend is able to pay it back then it is good but this depends on situation as there are like friends that who lost their job then that is really the best time to gave them money

But sometimes even the people you help don't respect you and they even leave you - I've been in that position and it's pretty sad. Because of that experience, I am now picky about who I will lend my money to, even those closest to me. Sometimes I even lie by saying I don't have money to be able to avoid dealing with debts with other people because it's a little annoying. And now I already have my own perception that you don't have to help everyone, sometimes you need to have the courage to avoid other people's problems.

It's true that sometimes we need to take care of ourselves,
besides that many people who borrow money do not have the awareness to return it before being billed,
stuff like that is really annoying and that's why it's important to start limiting when it comes to lending money.

retreat

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Quote from: xSkylarx on June 01, 2023, 02:20:49 AM

-snip-

When it comes to family or relative i do always lend money to them even sometimes they dont pay because mostly in my mind i needed their help in the future so if that time comes they will not decline me as I've help them before , but with regards to friends i do always careful on this to whom who i will trust because sometimes trust can kill you which you should be careful , as long as your friend is able to pay it back then it is good but this depends on situation as there are like friends that who lost their job then that is really the best time to gave them money

But sometimes even the people you help don't respect you and they even leave you - I've been in that position and it's pretty sad. Because of that experience, I am now picky about who I will lend my money to, even those closest to me. Sometimes I even lie by saying I don't have money to be able to avoid dealing with debts with other people because it's a little annoying. And now I already have my own perception that you don't have to help everyone, sometimes you need to have the courage to avoid other people's problems.

xSkylarx

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Quote from: Uruhara on May 31, 2023, 07:33:23 PM

Quote from: Dewiana on May 30, 2023, 01:02:08 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.

When it comes to family or relative i do always lend money to them even sometimes they dont pay because mostly in my mind i needed their help in the future so if that time comes they will not decline me as I've help them before , but with regards to friends i do always careful on this to whom who i will trust because sometimes trust can kill you which you should be careful , as long as your friend is able to pay it back then it is good but this depends on situation as there are like friends that who lost their job then that is really the best time to gave them money

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Quote from: Uruhara on May 31, 2023, 11:50:58 PM

Quote from: Lanatsa on May 31, 2023, 07:55:20 PM

Quote from: Uruhara on May 31, 2023, 07:33:23 PM

Quote from: Dewiana on May 30, 2023, 01:02:08 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.

We arent that dumb on letting borrow those people who we dont know because of course it would really be just common sense that you would really be needing security for you to be repaid up in due time.
This is one of the main risks if we do speak about lending out other people or even as someone who do took up a loan then we should really be that responsible on repaying it on the proper time with
proper interest. There are situations or moments in life on which we cant really be able to avoid on not to borrow specially if we are really that short in cash or fund and on the time we do see
some opportunity then we would really be having that kind of consideration on the time being.

Of course you should really be minding on repaying on time so that you would be able to borrow back on the time that you would really be in need. For me it isnt really that something
idea for you to borrow as much as possible since we do know that interest is something that makes us even more suffer but well its up to our choice.

So true. that's where collateral is needed. in case the borrower chooses to avoid paying the loan. so that the lender is not harmed.

And currently the loan system in several banks in my country is experiencing an increase in interest. In fact it is a state owned Bank. And I think the interest rate hike is too high. So that people who borrow will certainly find it increasingly difficult with the higher interest burden. an increase in interest is charged depending on how long the term is signed in the initial agreement. Even the nominal amount borrowed also affects the increase in interest.

I have the opportunity to talk about the causes of the increase in interest. and the reason is due to economic instability and the inflation rate which is increasingly difficult to measure. I don't remember all the explanations but in essence I understand and it's all about inflation and recession.

So, we find ourselves ensnared in the same tangled web of financial difficulties, do we not? The monetary lending framework you've sketched out resembles an intricate puzzle of fluctuating percentages and eroding value, creating a challenging maze for individuals to decipher. This loan arrangement resembles a paradoxical apparatus. Indeed, it provides a monetary safety net during times of need, yet the fluctuating percentages can swiftly transfigure this safety rope into a straitjacket. But let's dissect it further.

These percentages are the banks' way of getting a token of appreciation for their facilitation, correct? However, when they commence escalating these rates, it's we who find ourselves in a predicament. Your analysis is spot on concerning the causative factors. Declining value, economic slumps, financial inconsistency - these elements all contribute to the surge in percentages.

Uruhara

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Quote from: Lanatsa on May 31, 2023, 07:55:20 PM

Quote from: Uruhara on May 31, 2023, 07:33:23 PM

Quote from: Dewiana on May 30, 2023, 01:02:08 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.

We arent that dumb on letting borrow those people who we dont know because of course it would really be just common sense that you would really be needing security for you to be repaid up in due time.
This is one of the main risks if we do speak about lending out other people or even as someone who do took up a loan then we should really be that responsible on repaying it on the proper time with
proper interest. There are situations or moments in life on which we cant really be able to avoid on not to borrow specially if we are really that short in cash or fund and on the time we do see
some opportunity then we would really be having that kind of consideration on the time being.

Of course you should really be minding on repaying on time so that you would be able to borrow back on the time that you would really be in need. For me it isnt really that something
idea for you to borrow as much as possible since we do know that interest is something that makes us even more suffer but well its up to our choice.

So true. that's where collateral is needed. in case the borrower chooses to avoid paying the loan. so that the lender is not harmed.

And currently the loan system in several banks in my country is experiencing an increase in interest. In fact it is a state owned Bank. And I think the interest rate hike is too high. So that people who borrow will certainly find it increasingly difficult with the higher interest burden. an increase in interest is charged depending on how long the term is signed in the initial agreement. Even the nominal amount borrowed also affects the increase in interest.

I have the opportunity to talk about the causes of the increase in interest. and the reason is due to economic instability and the inflation rate which is increasingly difficult to measure. I don't remember all the explanations but in essence I understand and it's all about inflation and recession.

Lanatsa

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Quote from: Uruhara on May 31, 2023, 07:33:23 PM

Quote from: Dewiana on May 30, 2023, 01:02:08 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.

We arent that dumb on letting borrow those people who we dont know because of course it would really be just common sense that you would really be needing security for you to be repaid up in due time.
This is one of the main risks if we do speak about lending out other people or even as someone who do took up a loan then we should really be that responsible on repaying it on the proper time with
proper interest. There are situations or moments in life on which we cant really be able to avoid on not to borrow specially if we are really that short in cash or fund and on the time we do see
some opportunity then we would really be having that kind of consideration on the time being.

Of course you should really be minding on repaying on time so that you would be able to borrow back on the time that you would really be in need. For me it isnt really that something
idea for you to borrow as much as possible since we do know that interest is something that makes us even more suffer but well its up to our choice.

Uruhara

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Quote from: Dewiana on May 30, 2023, 01:02:08 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.

bbigtart

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Quote from: Texac on May 30, 2023, 11:13:14 AM

We do not need to be too rigid in borrowing money for business, but we should also try our best to limit borrowing money indiscriminately. because it's fair to say that borrowing money without careful calculation will get us in more trouble than we think. especially investing in risky assets like cryptocurrencies and bitcoin because they have an uncertain future, which would be extremely risky for us. There is no guarantee or proof that bitcoin will never die or become worthless.

Actually borrowing money is fine for anything, but it all depends on yourself because the only person who can guarantee your ability to pay off debt is yourself. I agree with you, borrowing for business purposes is okay because we can afford to return the risk. In contrast to borrowing money to invest in Bitcoin, it is very risky, of course, apart from what you said, it does not guarantee what Bitcoin will be like in the future. The fluctuating bitcoin price will also be a problem in itself because we don't determine when we will get a profit, while we have to repay the loan with a grace period.

Quote from: Dewiana on May 30, 2023, 01:02:08 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

This problem is very common, borrowing money to invest instead of after getting a profit from the investment he will return the loan. but when the grace period arrived he had not made a profit so he was unable to pay his debts. This is what is called being reckless, there is no job but borrowing money for investment.

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Quote from: Jamala on April 09, 2023, 05:16:14 PM

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.

Loan can be useful in some cases but borrowing loan unnecessarily is what I will advice anyone to go against. Loan can be acquired to improve your business if needs arise.

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Quote from: MarjorieZimmermanGinger on May 30, 2023, 01:21:34 PM

Quote from: Mario Yamasaki on May 30, 2023, 09:57:03 AM

Many people think fast by relying on borrowing, now more and more people rely on online loans when they want to buy things they need, cases of online loans in the country are increasing because there are many reports of consumer failures to pay, thus making several online loan provider companies also go bankrupt.

Online loans do not have binding rules so that many companies go bankrupt because customers choose not to pay, online loans also have no legal basis and cannot sue customers if they do not pay off the loan. Cases like this are rife in 2021-2022 if I'm not mistaken and many people take advantage of the convenience of the services they provide and when applying for a loan they only need an ID card, cellphone number and they have never conducted a feasibility survey for borrowers who submit applications. Very different from the pattern of loans provided by banks because they have much stricter rules and have a clear legal basis.

Basically people take loans to encourage the business they are running which is not a problem, because they have plans for how to pay off monthly, although there is also a risk if something unexpected happens, but what becomes a problem when loans are taken to meet lifestyle or for needs daily. The nature of loans like this is unproductive and will actually bring society to a new stage of problems, so it is also necessary to recognize the nature of loans so that they are not too rigid in making use of them.

I have seen people who are really in need of mone.’But they are hesitent to borrow money. On the other hand there are some people who are habitual and they damage people financially.

MarjorieZimmermanGinger

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Quote from: Mario Yamasaki on May 30, 2023, 09:57:03 AM

Many people think fast by relying on borrowing, now more and more people rely on online loans when they want to buy things they need, cases of online loans in the country are increasing because there are many reports of consumer failures to pay, thus making several online loan provider companies also go bankrupt.

Online loans do not have binding rules so that many companies go bankrupt because customers choose not to pay, online loans also have no legal basis and cannot sue customers if they do not pay off the loan. Cases like this are rife in 2021-2022 if I'm not mistaken and many people take advantage of the convenience of the services they provide and when applying for a loan they only need an ID card, cellphone number and they have never conducted a feasibility survey for borrowers who submit applications. Very different from the pattern of loans provided by banks because they have much stricter rules and have a clear legal basis.

Basically people take loans to encourage the business they are running which is not a problem, because they have plans for how to pay off monthly, although there is also a risk if something unexpected happens, but what becomes a problem when loans are taken to meet lifestyle or for needs daily. The nature of loans like this is unproductive and will actually bring society to a new stage of problems, so it is also necessary to recognize the nature of loans so that they are not too rigid in making use of them.

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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

Texac

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Quote from: nur rochid on May 30, 2023, 02:02:32 AM

Quote from: Texac on May 29, 2023, 07:48:13 PM

Quote from: odunybiz on May 27, 2023, 05:59:50 AM

Quote from: YUriy1991 on May 25, 2023, 05:12:49 AM

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your standing business but you shouldn't make a mistake borrowing loan to start a business.

Borrowing money for investment or business is really risky, but there is no success without taking risks and trade-offs. therefore, borrowing money is not necessarily bad but will depend on each case and each person's circumstances. you borrow money because you can't gather that money in a short time to prepare the business. I mean, you can pay that loan even if your business fails, borrowing money can be considered. But if you have no other assets, and no income, then borrowing money is a stupid idea.

right, borrowing money to buy assets is not always bad, depending on the background. For example, an investor sees a good opportunity to invest, while he has no cash and his assets are still tangible in property assets, so he dares to take a loan, which may be only 15% of the value of the assets owned, if calculated mathematically, suppose the investment fails. total then he had no trouble repaying the loan. even though bitcoin is an asset that is purchased, it feels difficult to go down and become worthless

We do not need to be too rigid in borrowing money for business, but we should also try our best to limit borrowing money indiscriminately. because it's fair to say that borrowing money without careful calculation will get us in more trouble than we think. especially investing in risky assets like cryptocurrencies and bitcoin because they have an uncertain future, which would be extremely risky for us. There is no guarantee or proof that bitcoin will never die or become worthless.

bettercrypto

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Quote from: Jamala on April 09, 2023, 05:16:14 PM

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.

Borrowing is a matter of choice, that's why as you say when you are short on budget or expenses it is really difficult to get out of debt even though the interest will be high, others still agree because they have no choice.

So it's not surprising that there are also many lenders or lending owners who are actually getting rich. But even so, if there is a chance to get out of debt, please don't go into debt again because we know the hardships of the debtor, or if you do get into debt, don't run away or run away.

Mario Yamasaki

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Many people think fast by relying on borrowing, now more and more people rely on online loans when they want to buy things they need, cases of online loans in the country are increasing because there are many reports of consumer failures to pay, thus making several online loan provider companies also go bankrupt.

nur rochid

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Quote from: Texac on May 29, 2023, 07:48:13 PM

Quote from: odunybiz on May 27, 2023, 05:59:50 AM

Quote from: YUriy1991 on May 25, 2023, 05:12:49 AM

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your standing business but you shouldn't make a mistake borrowing loan to start a business.

Borrowing money for investment or business is really risky, but there is no success without taking risks and trade-offs. therefore, borrowing money is not necessarily bad but will depend on each case and each person's circumstances. you borrow money because you can't gather that money in a short time to prepare the business. I mean, you can pay that loan even if your business fails, borrowing money can be considered. But if you have no other assets, and no income, then borrowing money is a stupid idea.

right, borrowing money to buy assets is not always bad, depending on the background. For example, an investor sees a good opportunity to invest, while he has no cash and his assets are still tangible in property assets, so he dares to take a loan, which may be only 15% of the value of the assets owned, if calculated mathematically, suppose the investment fails. total then he had no trouble repaying the loan. even though bitcoin is an asset that is purchased, it feels difficult to go down and become worthless

Alisha-k

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Quote from: Jamala on April 09, 2023, 05:16:14 PM

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.

if there's anything I've learnt from my parents, it should be contentment..
No matter how little I have left with me, giving debt a thought isn't an option for me at all..

Like, why try to borrow when you can just work with the little you have at your disposal, what if things tend not to work out just the way you had planned them to??

Texac

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Quote from: odunybiz on May 27, 2023, 05:59:50 AM

Quote from: YUriy1991 on May 25, 2023, 05:12:49 AM

One side needs another side bad. yes. Consideration for the basic reasons behind this loan must be clear first. For example, if an individual borrows a certain amount of funds for productive purposes such as investing in a business or crypto assets with good potential returns.

Do you support the idea of borrowing loan to get crypto asset? How are you sure if it will come with good potential returns. Well, all I know about borrowing loan is that, you can get a loan to improve your standing business but you shouldn't make a mistake borrowing loan to start a business.

Borrowing money for investment or business is really risky, but there is no success without taking risks and trade-offs. therefore, borrowing money is not necessarily bad but will depend on each case and each person's circumstances. you borrow money because you can't gather that money in a short time to prepare the business. I mean, you can pay that loan even if your business fails, borrowing money can be considered. But if you have no other assets, and no income, then borrowing money is a stupid idea.

og kush420

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Quote from: Dr.Osh on May 25, 2023, 11:31:44 PM

Quote from: Peanutswar on May 24, 2023, 07:49:17 PM

Actually there's nothing wrong in borrowing money it depends in the person how they take of it for example you borrow money because you want to put those as your finance into your business or any asset that has a good return so that asset makes the money into you to make more that could pay your debt. But if you are a person borrow money and you keep spending for your wants only that's the problem its not about the Borrowing it's about the person who borrow.

yes, there is nothing wrong in borrowing money, but it all depends on the circumstances and goals. maybe it would be wise to think about how to return the money before borrowing money, because there are so many people who are willing to take risks, then borrow money and invest in something that is uncertain. after the investment failed, he could not return the money, and resulted in frustration. After all, it was fine to borrow money as long as his intentions were good, and he could recoup the money he borrowed if his plan didn't work out.

Yes - there is no harm in borrowing but not returning the funds is a very bad thing. You get rid of the money and you loose your firend too. so better keep your financial clear - when you borrow return right away

CryptocurencyKing

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Quote from: kojektea on May 28, 2023, 03:14:44 PM

they borrow only thinking about how to get rich quickly even though they forget that by borrowing the risk of losing is far greater. they are like betting fate with their investment. if they win they can pay it but if they lose everything they even have to think about how to pay their debts.

Getting rich quick out of a borrowed money is often the case with those who borrow to invest in bitcoin. This has often been met by adversities on several attempts with several investors having little knowledge on how cryptocurrency works.

Although, there have been some rare cases I've read from a flash news where someone borrows an outrageous some to invest in real estate but, I think there is more to it than the news portrays and a very good team behind the plans that worked there project to success.

Before that was even possible, such persons must have got some good credit score and this is the case with some individuals. They've user petty loans to kill there loan score.

Topic: Quit borrowing - page 7. (Read 2350 times)