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Author Topic: If you were in desperate need for money....  (Read 208992 times)
Ziskinberg
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June 07, 2017, 06:38:45 AM
 #2421

It is a difficult situation and people can do anything to earn money if the situation is not having any money at all in his pocket whereas he desperately needs it as soon as possible, but I never experienced anything like that but if I am like that I better sell goods I have rather than done evil.

If this happens to me, of course I will also have same idea with you, to sell the goods or whatever we have and can be sold rather than borrow money to people.
Yeah I agree with you for borrowing money will not settle the problem, it will extend the problem with you have to pay the interest too. I prefer to sell my valuables

Borrowing is only the last option and this is the common solution during desperate times and I believe it is the easiest solution since there is no debt of gratitude involve especially if you are borrowing from a lending company. I do this most of the time when I was in need of money and I don't care how much interest will I pay as long as I can get the amount of money I needed.

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freedomgo
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June 07, 2017, 07:17:06 AM
 #2422

It is a difficult situation and people can do anything to earn money if the situation is not having any money at all in his pocket whereas he desperately needs it as soon as possible, but I never experienced anything like that but if I am like that I better sell goods I have rather than done evil.

If this happens to me, of course I will also have same idea with you, to sell the goods or whatever we have and can be sold rather than borrow money to people.
Yeah I agree with you for borrowing money will not settle the problem, it will extend the problem with you have to pay the interest too. I prefer to sell my valuables

It will extend the problem if you are not gonna pay what you have borrowed, think also that it's not given for free,
when you are in need of money someone lent you to help you, sometimes there are people who are good in borrowing but not good in paying.

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Fatanut
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June 07, 2017, 01:26:19 PM
 #2423

It is a difficult situation and people can do anything to earn money if the situation is not having any money at all in his pocket whereas he desperately needs it as soon as possible, but I never experienced anything like that but if I am like that I better sell goods I have rather than done evil.

If this happens to me, of course I will also have same idea with you, to sell the goods or whatever we have and can be sold rather than borrow money to people.
Yeah I agree with you for borrowing money will not settle the problem, it will extend the problem with you have to pay the interest too. I prefer to sell my valuables

It will extend the problem if you are not gonna pay what you have borrowed, think also that it's not given for free,
when you are in need of money someone lent you to help you, sometimes there are people who are good in borrowing but not good in paying.

That's mostly the case especially when there's not enough punishment that would be given to the borrower if they didn't pay at all. This happens even often when the borrower is a friend of the lender. They just keep everything on "trust". No collateral at all. And a simply "Sorry, I wasn't able to pay it in due time." will always be the line until the lender finally forgets about it. It's a common thing that's why a lending business is really hard to do. Even when you want to reject someone's request, because of your relationship to that person, you're going to have to accept it anyway.

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choppork
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June 07, 2017, 01:32:25 PM
 #2424

If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
If i have a desperate need for money,then i would ask a loan from my relatives or friends.If i am unable to get,then i would try to get loan from bank.If i fail in that effort also,then i would try to sell one of my costly stuff to solve the problem.
it is some time become difficult to take loan from banks or your friends, as it is difficult to fulfill the banks requirement on other hand some time our friends also excuse friends lending money, so in such situation one become  fell down in more difficult condition. as i have personal experience to such thing therefore i mostly try to invest a limited amount of money in trading while save some money for my emergency.

It's hard to get a loan from the bank mostly because their loans aren't actually meant for something else except for starting up your own business. Without a valid collateral, you need a good business plan. Any other stuffs like hospital bills, electricity bills or any other personal stuffs, the banks don't care about them. You have your insurance for the hospital bills. For the electricity bills, didn't you save up anything at all?

You have to also understand the banks. They need the assurance that you can pay so you have to either prove it to them or have something that will be theirs in case you weren't able to pay.

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Tyrantt
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June 07, 2017, 02:19:30 PM
 #2425

In this country, money is the biggest problem and everyday there are people getting loans from dodgy guys, selling cars, jewelry,etc.. But in my case it would greatly depend on how bad do I need the money and how much. First I'd be selling some of my stuff like guitar gear, vinyl records... only as a last resort would I ask someone for money and that would probably be someone close to me or a close friend.

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

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yellow1
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June 07, 2017, 03:15:05 PM
 #2426

In our life we face many problem but the most problem in all people is money, If i were in desperate and need for money i will rather borrow a money from my friends and relatives we can borrow also from loan. If we were in desperate we can also sell, I sell my important things that is my choice to make money. If i have a money already i will pay them. But there are many ways to make money so you can earn money faster for example also i sell old electronics and other things you will not use, you can also earn on online there are much income to earn on online.
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June 08, 2017, 01:11:43 PM
 #2427

In this country, money is the biggest problem and everyday there are people getting loans from dodgy guys, selling cars, jewelry,etc.. But in my case it would greatly depend on how bad do I need the money and how much. First I'd be selling some of my stuff like guitar gear, vinyl records... only as a last resort would I ask someone for money and that would probably be someone close to me or a close friend.

I actually think that it's much better to just ask for your a loan from someone right away. This way, you don't have to sell your precious precious stuffs. We all know that if you sell second hand stuffs, you'd be getting less than when you bought them. If you plan on buying them again once you got out of the financial crisis, then you'd have to buy them again but in an even higher price. Simply getting a loan from someone saves you from this hassle and it's even more practical since there's only a small percentage for interest. Other people even have good consideration so they don't put any interest at all and they let you decide when to pay.

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ipungadhi
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June 09, 2017, 07:08:56 AM
 #2428

It is a difficult situation and people can do anything to earn money if the situation is not having any money at all in his pocket whereas he desperately needs it as soon as possible, but I never experienced anything like that but if I am like that I better sell goods I have rather than done evil.

If this happens to me, of course I will also have same idea with you, to sell the goods or whatever we have and can be sold rather than borrow money to people.
Of course I would do that "sell stuff" if I do not have the money and need the money. But if I do not have items that can be sold it would be better if I borrow money to others

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June 09, 2017, 08:56:58 AM
 #2429

If I am in desperate need of money then I will prefer to sell some of my bitcoins and get hard cash in my hands and its always better to sell your coins instead of borrowing money from people around you.

That is not desperation it's an option and choice of matter when you are in need of money. I do the same thing, when I'm into near of needing some money I just sell them out so that I can have my cash in hand. I'm sicked of borrowing money with interest for just a couple of days and yes, that is almost 10%.

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June 09, 2017, 11:38:02 PM
 #2430

The last time i needed money to invest into mine companie i asked my mother, the bank were already offering me a big ammount to repay over 4 years, the thing is the interest would damage my pocket instead help me. I had learned you cant help a friend with money, you might end loosing your friendship due to those, people confuse the things when you are a friend. I always save money, but those situation i need more money to purchase a business.
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June 10, 2017, 03:34:26 AM
 #2431

The last time i needed money to invest into mine companie i asked my mother, the bank were already offering me a big ammount to repay over 4 years, the thing is the interest would damage my pocket instead help me. I had learned you cant help a friend with money, you might end loosing your friendship due to those, people confuse the things when you are a friend. I always save money, but those situation i need more money to purchase a business.
I think invest to mine company is not good again, as my experiece before I lost many btc because mine company bankrupt, I think the best way to make money is invest to ICO. In this year many ICO available and you can chose one as your feel good.


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Apened
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June 10, 2017, 04:00:40 AM
 #2432

The last time i needed money to invest into mine companie i asked my mother, the bank were already offering me a big ammount to repay over 4 years, the thing is the interest would damage my pocket instead help me. I had learned you cant help a friend with money, you might end loosing your friendship due to those, people confuse the things when you are a friend. I always save money, but those situation i need more money to purchase a business.
I think invest to mine company is not good again, as my experiece before I lost many btc because mine company bankrupt, I think the best way to make money is invest to ICO. In this year many ICO available and you can chose one as your feel good.
I think it is not by desperation need for money in short time it is for long term to earn big money .but how if it is emergency needed like OP said . Investment is good and if it comes to your own you will strive more on it at first you are the one who wants that and not your mother nor father . On friends it is okay if you can repay them theres no problem with it however if you can't it maybe a cause to broke your friendship.
Fatanut
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June 11, 2017, 12:32:33 PM
 #2433

The last time i needed money to invest into mine companie i asked my mother, the bank were already offering me a big ammount to repay over 4 years, the thing is the interest would damage my pocket instead help me.

You can't expect the banks giving you loans for free, though. That's how they operate. They lend money to people that has a good business plan but of course there would be an interest. Take a moment to think about it. You are in need of money to start your business so you get a loan instead of working for a couple more years to have the amount of money to start up that business. It's kind of a headstart. After 4 years, the whole thing finally belongs solely to you.

I had learned you cant help a friend with money, you might end loosing your friendship due to those, people confuse the things when you are a friend.

On the other hand, if you don't help them, then you're going to outright lose them.

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Lumada
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June 11, 2017, 12:51:24 PM
 #2434

The last time i needed money to invest into mine companie i asked my mother, the bank were already offering me a big ammount to repay over 4 years, the thing is the interest would damage my pocket instead help me.

You can't expect the banks giving you loans for free, though. That's how they operate. They lend money to people that has a good business plan but of course there would be an interest. Take a moment to think about it. You are in need of money to start your business so you get a loan instead of working for a couple more years to have the amount of money to start up that business. It's kind of a headstart. After 4 years, the whole thing finally belongs solely to you.

I had learned you cant help a friend with money, you might end loosing your friendship due to those, people confuse the things when you are a friend.

On the other hand, if you don't help them, then you're going to outright lose them.

That's how it goes those who understand can stay but we can't really rely on friends that much especially in financial terms.


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June 11, 2017, 01:02:02 PM
 #2435

That's the importance of saving and investing, if we can manage and plan our finances, we will not desperate need for money. Financial planning is very important for our future, you should also take insurance in case

This is just a situational case and we really can't avoid this type of problem. There are businessmen that dont want to use their own savings and other investments in able to create new investment. And they are desperate for borrowing to the banks and using their assets for collateral it. I'll do the same, I'll some of my things for collateral if my parents is also in crisis.
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June 11, 2017, 01:45:41 PM
 #2436

When I urgently needed money, I sold all my coins bitcoin. I was lucky that I sold them at a good price. I do not regret it. This is the usual cycle of money. I am confident that I still have a chance to buy a cryptocurrency

mundang
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June 11, 2017, 01:59:14 PM
 #2437

I wonder what people are ready to do when money is the problem.
Money is the root of all evil, they can even kill one person just for money. Some will steal money on another person or robbing a bank. Thats the role of money in our world, if you have it you can dictate what life you want.
KnightElite
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June 11, 2017, 02:05:20 PM
 #2438

If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
There are many ways to earn and get a free bitcoins. I earn bitcoins in some signature campaign, trading and also gambling. I prefer to you to try some signature campaign you can earn a lot of bitcoins.
Creepings
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June 11, 2017, 02:09:58 PM
 #2439

I wonder what people are ready to do when money is the problem.
Money is the root of all evil, they can even kill one person just for money. Some will steal money on another person or robbing a bank. Thats the role of money in our world, if you have it you can dictate what life you want.

Not just evil, money is power, nowadays they will really kill for it, it can spark a war, it can destroy a family, that is how powerful money is these days. It is just sad to know that many criminals rob and kill just for the money, these times we live in, we breath through money, without it, we will die.
kpcian
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June 11, 2017, 02:12:10 PM
 #2440

Well if my earnings was gone. I think i would go into physical works because its more trusting. And its not always a guarantee that there is always internet. And we have some lending services.
Great thinking...
Your physical capacity never betray with you, so you can depend on it, but​ if you are capable of doing something special or if you can gain any skill regarding technology then it would be helpful for your money drought.
So skill is very important for earning money at any situation.
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