If you were in desperate need for money....

[diegz]

If I was starving and desperate from money I'd get off the internet and work more 

That's practical thing to do when you are in need, work, work had and not just tell it to your friend that you are starving. Keep on moving to earn and just rest when the night comes and weekends. Most of the lazy people would just tell their problem ( starving ) to friends or other family members and wait til someone feed them. That's not how to solve money problem. 

[freedomgo]

Most likely first which I ask for money are banks. I'm not sure that the bank is able to provide any on-demand PRSPs required, but would be worth trying. To avoid future problems with that, you need to take on your own business and make money.

If I am in desperate need of money, I am not going to and ask the banks for help because that is not going to give me an assurance that they will give the amount that I need. I will just simply ask my friends and parents to give me money or if they won't give me, probably I'm going to look for a job that will pay after I work maybe for 1-2 hours.

Banks can give you a loan without debt of gratitude, you do business with bank and their job is to ensure you have the capacity to pay before they will lend you the money. If you have a good job that pays you regularly, for sure the bank can help you, you can take a loan as much as you want as long as you qualify on their evaluation. I make loans in banks actually as they can offer me good rates and flexible terms.

Yes I know about that even though I have the capacity to pay my debt the banks interests rate are really killing me when it comes to payment. I don't want to put myself in debt because I worked once in the loaning sector under banking management and I can see a lot of people who loaned to them are not able to pay them and just runaway.

That is part of the risk in running a bank, when borrower will not pay that does not mean they cannot collect it, they have co-makers and they can do legal actions to enforce collections. Borrowing in bank gives us a little percentage of interest to pay only, therefore we should do our responsibility to pay the amount due at the right time, we need our reputation maintain in order have easily approval when asking another loan every time we needed.

[KuromaYoichi]

if i were really desperate, i would sell some stuff i don't need anymore. Then i would search for another part time job until i got a fulltime job. I also have some shares that i can sell incase something happen. But i don't see that kind of situation happen because at least i have savings and i don't like borrowing money from friends or family.

[Mr. Big]

if i were really desperate, i would sell some stuff i don't need anymore. Then i would search for another part time job until i got a fulltime job. I also have some shares that i can sell incase something happen. But i don't see that kind of situation happen because at least i have savings and i don't like borrowing money from friends or family.

Lucky if you could sell your unused goods... Usually when we are desperately in need, we try to sell things that are valuable to us, as it is very easy to sell them and make money... Like you, I still prefer to use my savings, and if I am short, I usually make a loan or sell one of my guitars... I usually don't like to borrow to a friend or even family, unless they offer it to me... ( pride ) 

[jossiel]

I would loan money and pay it asap when my paycheck arrived.

There are people that even how bad they need it and desperately in need for money but upon going to the bank asking for loan.

They are not qualified because banks are wise and most of the people that are desperate for money are not employed.

And that's a new problem for them and if I'm on that situation I will just going to sell everything I got.

Where will you get the loan from? Because if banks know your broke they won't lend any money. They only loan out money to people who think or at least capable of paying it back with interest. Loaning money is a quick fix that is right but it also has a chance of giving you a very bad position in debt. If I were you ill plan it first before executing any deal with a bank.

There are some cooperatives or other lending companies that allows you to lend even though they know you don't have the capacity to pay.

As long you will collateral them a very valuable thing they will just appraise it for a lower price and they will lend you the amount you want to.

And that depends on how much you need but the favor will be always on them.

[hurain]

if i were really desperate, i would sell some stuff i don't need anymore. Then i would search for another part time job until i got a fulltime job. I also have some shares that i can sell incase something happen. But i don't see that kind of situation happen because at least i have savings and i don't like borrowing money from friends or family.

i think one must have some money in hand which he can use in case of emergency. i think investing all the assets in such business from where your find it hard to withdraw immediately is not a good idea. i think you should invest your money in such business from where you can withdraw your money immediately if you feel the desperate need for it.

[rizkyhiw]

if i were really desperate, i would sell some stuff i don't need anymore. Then i would search for another part time job until i got a fulltime job. I also have some shares that i can sell incase something happen. But i don't see that kind of situation happen because at least i have savings and i don't like borrowing money from friends or family.

i think one must have some money in hand which he can use in case of emergency. i think investing all the assets in such business from where your find it hard to withdraw immediately is not a good idea. i think you should invest your money in such business from where you can withdraw your money immediately if you feel the desperate need for it.

There is something called money management , and it works in this kind situation
You should have an urgent funds, whenever you are in difficult desperate need money then this urgent fund can help you out
Get loan from other people isn't good idea as you will always lazy to pay it back
The key for me is to have money management in your life.

[gabmen]

if i were really desperate, i would sell some stuff i don't need anymore. Then i would search for another part time job until i got a fulltime job. I also have some shares that i can sell incase something happen. But i don't see that kind of situation happen because at least i have savings and i don't like borrowing money from friends or family.

i think one must have some money in hand which he can use in case of emergency. i think investing all the assets in such business from where your find it hard to withdraw immediately is not a good idea. i think you should invest your money in such business from where you can withdraw your money immediately if you feel the desperate need for it.

There is something called money management , and it works in this kind situation
You should have an urgent funds, whenever you are in difficult desperate need money then this urgent fund can help you out
Get loan from other people isn't good idea as you will always lazy to pay it back
The key for me is to have money management in your life.

Well again if we're talking about what you're going to do in times of desperation, this doesn't apply. I agree that money management is a very wise thing to do to prevent or avoid being in such a situation but what do you do if you ARE in a desperate situation? I think first of all you must be trust worthy  so people would have faith in you and lend you some extra cash if that happens. Second is that you have to learn your lessons so that next time you'll not find yourself desperately in need

[delliaerd]

If I was starving and desperate from money I'd get off the internet and work more  

That's practical thing to do when you are in need, work, work had and not just tell it to your friend that you are starving. Keep on moving to earn and just rest when the night comes and weekends. Most of the lazy people would just tell their problem ( starving ) to friends or other family members and wait til someone feed them. That's not how to solve money problem.  

We need to do something to get something. We need to do work when we are in desperate need for money, but sometime gets job is not easy. we must have a value to be exchanged for cash. Whether it's the ability to repair something or just by selling goods that we own.
No Problem with internet, We can earn money from internet.

[Arvydas77]

The best you can do is to not to allow yourself for desperate need of money. But if such a situation happens, I will prefer to borrow form my family members or friends. It also depends on how much do you want to get and what do you want to do with your borrowings. If you need only for life and food expenses the best option is to borrow from family members and friends as they know you and, possibly, will help you. But if you want a large sum of money then you should borrow from the lending company or P2P lending platform that is offering the best rates.

[noel2123]

The best you can do is to not to allow yourself for desperate need of money. But if such a situation happens, I will prefer to borrow form my family members or friends. It also depends on how much do you want to get and what do you want to do with your borrowings. If you need only for life and food expenses the best option is to borrow from family members and friends as they know you and, possibly, will help you. But if you want a large sum of money then you should borrow from the lending company or P2P lending platform that is offering the best rates.

That is the best answer, I agree to you sir, we are very desperate for the need of money, we cannot think or our minds will not be on the right track. We should know what will be the best for us. If we borrow some money, we should think what will happen to us. Also if we go on gambling, there is a risk to lose, and if we are going to win, there is a greedy we are saying.

[Oralmat]

I want to ask why we desperate for money? Even we know that if we have no money than we get money only when we do hard working and do concentrate on our work and use our skills to earn money. But about me, i never desperate for money, even in my childhood i belong to a rich family but some circumstances have come in my life and my family lost a lot of things, but instead of it, i am not desperate for money, i do work hard to earn money, and now i am happy with my life.

[romero121]

If I was starving and desperate from money I'd get off the internet and work more 

When you're a day job working personality you won't get that leisure time to spend on internet to earn more. I personally borrow to compensate the need and after that used to do additional work to pay the interest for the borrowed amount.

[babsalt1975]

Loan sharks are always on the lookout for people who are in desperate need of money. From where I come from, back when microfinancing was still very much unknown, people would go to these loan sharks who would lend you money for a usurious rate of 20%. That is called 5-6, because for every 5 that you are loaned, you have to pay back 6. I remember my parents having no choice in several occasions and just going to these loan sharks. Now the government has considered this as an illegal activity and are offering loans that doesn't require too many requirements and with reasonable interest.

Until now, they are still on the streets, offering loans to those small time entrepreneurs... What's good with them is that they are offering loans with less requirement, and take note, no collateral, just have to have a physical store, or your house even without business, as long as you are willing to pay each day when they  knock on your door and asks if you are going to pay or not for that day, in short, they are patient when it comes to repayments...

But still, they need to be regulated, just like other small lending companies who are offering a fair interest and legally abiding the law... This loan sharks 5 6, are the greatest competition of those lending companies... 

It looks like loan sharks are all over. In my country we also have loan sharks(also known as shylorks) who normaly charge even as high as 30%. If you have a collateral you can be lucky and get one that offers around 15%. The problem is that these loan sharks are not regulated as they are very informal. Therefore regulating them to charge normal fees is very difficult.

[Wandering Soul~]

If I was starving and desperate from money I'd get off the internet and work more  

That's practical thing to do when you are in need, work, work had and not just tell it to your friend that you are starving. Keep on moving to earn and just rest when the night comes and weekends. Most of the lazy people would just tell their problem ( starving ) to friends or other family members and wait til someone feed them. That's not how to solve money problem.  

We need to do something to get something. We need to do work when we are in desperate need for money, but sometime gets job is not easy. we must have a value to be exchanged for cash. Whether it's the ability to repair something or just by selling goods that we own.
No Problem with internet, We can earn money from internet.

That's why in the end it varies per person cause every person is different from the other . There are many ways when you're in desperate need of money but a person will always chose a way that has a higher chances of achieving his wants, Example XXX amount of money in XX week/s . If you earn more offline compared to online then chose a  job offline and vice versa

[rizkyhiw]

if i were really desperate, i would sell some stuff i don't need anymore. Then i would search for another part time job until i got a fulltime job. I also have some shares that i can sell incase something happen. But i don't see that kind of situation happen because at least i have savings and i don't like borrowing money from friends or family.

i think one must have some money in hand which he can use in case of emergency. i think investing all the assets in such business from where your find it hard to withdraw immediately is not a good idea. i think you should invest your money in such business from where you can withdraw your money immediately if you feel the desperate need for it.

There is something called money management , and it works in this kind situation
You should have an urgent funds, whenever you are in difficult desperate need money then this urgent fund can help you out
Get loan from other people isn't good idea as you will always lazy to pay it back
The key for me is to have money management in your life.

Well again if we're talking about what you're going to do in times of desperation, this doesn't apply. I agree that money management is a very wise thing to do to prevent or avoid being in such a situation but what do you do if you ARE in a desperate situation? I think first of all you must be trust worthy  so people would have faith in you and lend you some extra cash if that happens. Second is that you have to learn your lessons so that next time you'll not find yourself desperately in need

Just accept the fact that you have not money
Because of it was your fault to not have backup money which actually nowadays it's pretty important
Don't force yourself, better to sell everything around you
In this kind moment actually you are tested to become responsible, and you have to face it.

[Japinat]

If I was starving and desperate from money I'd get off the internet and work more 

When you're a day job working personality you won't get that leisure time to spend on internet to earn more. I personally borrow to compensate the need and after that used to do additional work to pay the interest for the borrowed amount.

We actually get in desperate need of money if we do not prepare for that certain possibilities in life, we need to save for the future but we cannot save if we do not have a good amount of income. The first thing we have to improve is our earning, we have to increase it by doing every opportunity that will generate money, if we are just working, we should not be focus with on job only, let us utilize our time effectively.

[MFahad]

If I was starving and desperate from money I'd get off the internet and work more 

That is what we need work, we should not relly too much on what we earn here infront of the computer because this must be just an extra income.
And even the bitcoin, you should not relai on that, work in real world will make your problem solve.

[wxa7115]

Most likely first which I ask for money are banks. I'm not sure that the bank is able to provide any on-demand PRSPs required, but would be worth trying. To avoid future problems with that, you need to take on your own business and make money.

If I am in desperate need of money, I am not going to and ask the banks for help because that is not going to give me an assurance that they will give the amount that I need. I will just simply ask my friends and parents to give me money or if they won't give me, probably I'm going to look for a job that will pay after I work maybe for 1-2 hours.

Banks can give you a loan without debt of gratitude, you do business with bank and their job is to ensure you have the capacity to pay before they will lend you the money. If you have a good job that pays you regularly, for sure the bank can help you, you can take a loan as much as you want as long as you qualify on their evaluation. I make loans in banks actually as they can offer me good rates and flexible terms.

if we don't have any jobs, then the bank will not give a loan to us and we can not borrow the money. its better to find the job and i am sure that we can found one and if we stick with that jobs, i am sure that we can have the best time for our life and we can earn money too.

The banks are on the business of making money and are not charities if you don’t have a job then it is very obvious they are not going to give you a loan and even if they did they interest rates will be very high so paying th loan will be very difficult.

[grandy]

If I was starving and desperate from money I'd get off the internet and work more 

That is what we need work, we should not relly too much on what we earn here infront of the computer because this must be just an extra income.
And even the bitcoin, you should not relai on that, work in real world will make your problem solve.

but now people are really earning a permanent income from bitcoin and they consider bitcoin as their profession, although it is not good to depend of bitcoin for living but still they have reason because they are earning good profit from bitcoin.