Quit borrowing

[Uruhara]

Borrowing money is one of the crucial things, in the end people's interpretations of debt are different, borrowing money will feel like a vicious circle if it's not taken into account, but borrowing money in a planned way can be a very good investment for some people.
To avoid this vicious circle, we must calculate and plan loans and how we repay these loans

Maybe what you say is true. because we can also see that many large companies actually rely on loans to banks in developing their business. but of course with careful planning. and maybe that's fine. but for anyone who makes a loan without careful planning without even taking into account the level of ability to pay, borrowing must be avoided. because it is indeed at risk of making someone prone to being trapped in a vicious circle that makes them addicted. but those who borrow with careful calculations and planning like a company that also does it are indeed understandable. but I personally prefer to develop a business without making a loan because it's less risky.

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[CryptSafe]

Borrowing money is one of the crucial things, in the end people's interpretations of debt are different, borrowing money will feel like a vicious circle if it's not taken into account, but borrowing money in a planned way can be a very good investment for some people.
To avoid this vicious circle, we must calculate and plan loans and how we repay these loans

Maybe what you say is true. because we can also see that many large companies actually rely on loans to banks in developing their business. but of course with careful planning. and maybe that's fine. but for anyone who makes a loan without careful planning without even taking into account the level of ability to pay, borrowing must be avoided. because it is indeed at risk of making someone prone to being trapped in a vicious circle that makes them addicted. but those who borrow with careful calculations and planning like a company that also does it are indeed understandable. but I personally prefer to develop a business without making a loan because it's less risky.

A big organization or company borrowing is not an issue though because as long as they are making huge profit, they can be able to repay their loan back in a short while. Mind you before a bank gives out loan to a business firm, they must have seen your business proposal or blue print so as to ascertain the figure contained in your proposal and the value of the project if all blend together but the major thing bank will emphasize on is your profit revenue if you can be able to meet up with the repayment of the loan when given to you.

The careful planing you talk about is all entailed in your business proposal because when the bank goes through your proposal, there they would see how you would run your business and repayment plan as you outlined the whole process in your proposal.

[Pamadar]

Borrowing money is one of the crucial things, in the end people's interpretations of debt are different, borrowing money will feel like a vicious circle if it's not taken into account, but borrowing money in a planned way can be a very good investment for some people.
To avoid this vicious circle, we must calculate and plan loans and how we repay these loans

Maybe what you say is true. because we can also see that many large companies actually rely on loans to banks in developing their business. but of course with careful planning. and maybe that's fine. but for anyone who makes a loan without careful planning without even taking into account the level of ability to pay, borrowing must be avoided. because it is indeed at risk of making someone prone to being trapped in a vicious circle that makes them addicted. but those who borrow with careful calculations and planning like a company that also does it are indeed understandable. but I personally prefer to develop a business without making a loan because it's less risky.

A big organization or company borrowing is not an issue though because as long as they are making huge profit, they can be able to repay their loan back in a short while. Mind you before a bank gives out loan to a business firm, they must have seen your business proposal or blue print so as to ascertain the figure contained in your proposal and the value of the project if all blend together but the major thing bank will emphasize on is your profit revenue if you can be able to meet up with the repayment of the loan when given to you.

The careful planing you talk about is all entailed in your business proposal because when the bank goes through your proposal, there they would see how you would run your business and repayment plan as you outlined the whole process in your proposal.

Bank is always on the upper side. They will allow the loan if they see that there's a good way of paying them. I mean, they will check your capabilities before they will allow the loan.

There's a process where you needed to provide all the details and you need to submit backup documents to assure
the bank that you are capable of and you have the asset to return the money or pay your loan, whatever the circumstances.

[erep]

Bank is always on the upper side. They will allow the loan if they see that there's a good way of paying them. I mean, they will check your capabilities before they will allow the loan.

There's a process where you needed to provide all the details and you need to submit backup documents to assure
the bank that you are capable of and you have the asset to return the money or pay your loan, whatever the circumstances.

Submitting a bank loan proposal is very easy if you have collateral that can meet the loan requirements, the bank will accumulate the value of the collateral and the bank will determine the maximum loan limit that the bank will offer to customers, I have checked the bank's interest payments are very high and do not recommend that you apply for a loan bank, if you apply for a low loan it is better to save than paying off the loan every month, if the need is urgent then there are loan options to friends but you have to pay off the loan on time.

[jacafbiz]

Debt is becoming a major issue now, not just in America but all over the world, people's incomes remain stagnant and inflation is catching up with their income, what we used to buy for $1 is now worth $2 and it is even worse in the developing countries because the purchasing power of their local currencies has lost value against USD plus high inflation. What I used to advise people is the adjustment of lifestyle, why drive a car, when you can take the bus, if you are used to eating out, cook your food at home, just look for ways to cut costs, another thing don't be lazy, find ways to reduce your cost of living in a legitimate means. It is a great feeling when you know you are free of debt, debt is a trap and most people that enter into it never get out of it, if you used it as leverage to scale up your investment or business very good but consumption is bad.

[Quidat]

Bank is always on the upper side. They will allow the loan if they see that there's a good way of paying them. I mean, they will check your capabilities before they will allow the loan.

There's a process where you needed to provide all the details and you need to submit backup documents to assure
the bank that you are capable of and you have the asset to return the money or pay your loan, whatever the circumstances.

Submitting a bank loan proposal is very easy if you have collateral that can meet the loan requirements, the bank will accumulate the value of the collateral and the bank will determine the maximum loan limit that the bank will offer to customers, I have checked the bank's interest payments are very high and do not recommend that you apply for a loan bank, if you apply for a low loan it is better to save than paying off the loan every month, if the need is urgent then there are loan options to friends but you have to pay off the loan on time.

Would like to tell that bank interest isnt really that much high if you do compared it into those lending firms and financing companies out there.Nothing beats out bank when it comes to less interest.
It is really just that it is really that hard for you to get up some loan due to strict requirements and lots of paperworks which should need to be done which is something that most people doesnt
like and ending up on going into other options.This is why they do make themselves get buried with high interest rates just because they've been declined whenever they do
apply out for some loan in the banks but as much as possible its better not to take up some loan or borrow at all.

[Bushdark]

The love of borrowing money from people is bad. Even though we have that kind of life pattern, we should try as much not to allow that to inflict our children because that is one of the gene that can destroy there personality in the future. We can borrow money from friends to do one or two things and pay back but we should not make it as an habit of collect loans from people without the attempt of paying back immediately. There are people who are very fond of borrowing and not pay back which is something we should try as much as possible to avoid.

[Pamadar]

Bank is always on the upper side. They will allow the loan if they see that there's a good way of paying them. I mean, they will check your capabilities before they will allow the loan.

There's a process where you needed to provide all the details and you need to submit backup documents to assure
the bank that you are capable of and you have the asset to return the money or pay your loan, whatever the circumstances.

Submitting a bank loan proposal is very easy if you have collateral that can meet the loan requirements, the bank will accumulate the value of the collateral and the bank will determine the maximum loan limit that the bank will offer to customers, I have checked the bank's interest payments are very high and do not recommend that you apply for a loan bank, if you apply for a low loan it is better to save than paying off the loan every month, if the need is urgent then there are loan options to friends but you have to pay off the loan on time.

Would like to tell that bank interest isnt really that much high if you do compared it into those lending firms and financing companies out there.Nothing beats out bank when it comes to less interest.
It is really just that it is really that hard for you to get up some loan due to strict requirements and lots of paperworks which should need to be done which is something that most people doesnt
like and ending up on going into other options.This is why they do make themselves get buried with high interest rates just because they've been declined whenever they do
apply out for some loan in the banks but as much as possible its better not to take up some loan or borrow at all.

Yeah right, taking a loan with the bank is far lesser compared to other platforms/services. If you can submit verified supporting documents, then you are good to go.

Bank just need to verify your documents and if they find it good, then you'll get the amount that you
are loaning, but like what you said, better not to take it if you have other options / alternatives.

[Pejoh Asu]

The bad habit of humans is that it is too easy to owe, the presence of easy debt opens the door for anyone to owe, but we must understand that debt will not make us happy or rich, the easier it is to owe, it will make our steps and life difficult because we have to think about paying and of course also extra money or interest.

[adzino]

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.

Getting involved into loans and debts is a slippery slope. The cycle of taking loans can really mess up your financial situation and goals of your life. The thing is, when you borrow, you're not just repaying the original amount, but also the interest that comes with it. So, in the long run, you end up paying way more than you borrowed. The more time you take, the more you have to pay. Then there are people that takes more loan to pay their previous loans. This is like digging yourself into a deeper hole each time you borrow to pay one of your existing loan. At one stage it becomes almost unbearable to pay anything. Sad thing is, many people think it's an "easy money" which they will be able to repay later, but that doesn't happen unfortunately.

[fullhdpixel]

Being in debt is the American Dream. And been that way for a while. Fueled with cheap money and near zero interest rates why are you surprised.

The latest generation has never learnt what a high interest rate environment means. Last time rates were high was 20 years ago and most back then we’re all going to remember. Now people got a little overboard with their debt such as housing debt and auto loans.

Debt a dream? That's crazy but to borrow and have money in your hand can be a dream to some which money can only come and go. They should not only think about the things if what can they purchase with their borrowed money but they must also think that after it, they still have a debt to pay. That way they will spend the money on something more important or on something that can give them an income and that is the ones that they will use to pay their debts regularly.

The latest generation of people are confused with the high-interest rate as a good thing, just because they saw the word "high" on it but high interest rate is actually a bad thing. They are still young but as long as they grow older, things are going to be more clearer to them.

[inthelongrun]

Borrowing is not bad but only when the proceeds are used to build more sources of income. The principal amount will be paid more so the proceeds should be able to earn more than the capital plus interest and additional income for your effort.

In my country, loans from banks, lending, and credit cards are also rampant. And most people here I noticed take loans in order to buy appliances, gadgets, and other goods that are beyond their regular income. Savings is not in their dictionary.

[summonerrk]

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.

the debt situation is different in each country.
The aforementioned Americans have an excellent standard of living, even if the dollar is at the head of the economy, and not resources or technology. They live all their lives in debt - rent apartments, medicine, cars. At the same time, their life is at a good level.

As for other countries, everything is not so good. And people take debts corny because they don't want to starve to death or buy clothes for themselves.

Cryptocurrencies give us a good opportunity to earn, we can start saving deposits, buy what we wanted.
And with all this, we are participating in the global financial evolution

[gunhell16]

Debt is becoming a major issue now, not just in America but all over the world, people's incomes remain stagnant and inflation is catching up with their income, what we used to buy for $1 is now worth $2 and it is even worse in the developing countries because the purchasing power of their local currencies has lost value against USD plus high inflation. What I used to advise people is the adjustment of lifestyle, why drive a car, when you can take the bus, if you are used to eating out, cook your food at home, just look for ways to cut costs, another thing don't be lazy, find ways to reduce your cost of living in a legitimate means. It is a great feeling when you know you are free of debt, debt is a trap and most people that enter into it never get out of it, if you used it as leverage to scale up your investment or business very good but consumption is bad.

In short, it's not bad to be practical for now if the budget doesn't really allow it. Because it's hard for us to insist on our usual expenses if we run out of bills. Which is usually the solution for most people is to take out a loan.

If we borrow from a bank, there are a lot of requirements the same as the lending company, then the interest or profit that we can bury for a long time is still huge. That's why it is necessary if we borrow, we must use it with a sense that can also produce a profit so that we don't get into debt.

[LastKiss]

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.
~snip~

It's just we can't be grateful for our salary and end up being wasteful with our money, many people are short of cash because they're doing a lot of things like too much hangout, buying expensive stuff, and wasting money in gambling. It will become a bad circle when we're addicted to borrowing money from the bank with high interest or somewhere else with high interest, it's better just to borrow when something urgent comes up and we can borrow that money from our friends.

[kapalmabur]

Borrowing is not bad but only when the proceeds are used to build more sources of income. The principal amount will be paid more so the proceeds should be able to earn more than the capital plus interest and additional income for your effort.

In my country, loans from banks, lending, and credit cards are also rampant. And most people here I noticed take loans in order to buy appliances, gadgets, and other goods that are beyond their regular income. Savings is not in their dictionary.

True, it all depends on how we use the loan because the loan is not always a negative thing,
using a loan to open a business or anything that generates income is a good thing,
but unfortunately many use it for things that are not too important like the example you mentioned.

[xSkylarx]

Bank is always on the upper side. They will allow the loan if they see that there's a good way of paying them. I mean, they will check your capabilities before they will allow the loan.

There's a process where you needed to provide all the details and you need to submit backup documents to assure
the bank that you are capable of and you have the asset to return the money or pay your loan, whatever the circumstances.

Submitting a bank loan proposal is very easy if you have collateral that can meet the loan requirements, the bank will accumulate the value of the collateral and the bank will determine the maximum loan limit that the bank will offer to customers, I have checked the bank's interest payments are very high and do not recommend that you apply for a loan bank, if you apply for a low loan it is better to save than paying off the loan every month, if the need is urgent then there are loan options to friends but you have to pay off the loan on time.

Would like to tell that bank interest isnt really that much high if you do compared it into those lending firms and financing companies out there.Nothing beats out bank when it comes to less interest.
It is really just that it is really that hard for you to get up some loan due to strict requirements and lots of paperworks which should need to be done which is something that most people doesnt
like and ending up on going into other options.This is why they do make themselves get buried with high interest rates just because they've been declined whenever they do
apply out for some loan in the banks but as much as possible its better not to take up some loan or borrow at all.

Yeah right, taking a loan with the bank is far lesser compared to other platforms/services. If you can submit verified supporting documents, then you are good to go.

Bank just need to verify your documents and if they find it good, then you'll get the amount that you
are loaning, but like what you said, better not to take it if you have other options / alternatives.

That is, if you are forced to borrow money or have a loan, it is better to go to a bank or any other cooperative that has low interest because you can pay it easily or the interest you'll be paying is just low, but again, sometimes it takes time to be approved. Other people will still borrow from others so they can get it immediately even though the interest is high. There are really times that we need money for emergencies. That is why we take a loan, which is good. That is why we should just take a loan for emergencies and not for wants.

[Twentyonepaylots]

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.

In our country, the case for those who rely on borrowing money stems from their inability to provide the needs of their family. With the continuous increase of inflation, it is really hard to make ends meet these days especially for those marginalized sector. But for who are capable enough of adjusting their expenses since I can see that non essential things are the ones we used the borrowed money for. So it is definitely not a good idea to live beyond your means, we should always be responsible enough to assess our financial situation. In this way we can stop the habit of borrowing money and make ourself be secured financially in the future.

[Finestream]

It's okay to borrow if you intend to pay it back and need it. Sometimes it's necessary, but you shouldn't make it a habit like you will borrow to pay another debt. It will be a never-ending cycle that you will not stop doing until it affects your life and go into some parts of your life. It will manifest somehow.

Unless you borrow for asset purchasing that could generate income, that's one of the best things you can do when borrowing money. Make more money with it.

Borrowing will help you out from a very negative situation, that’s why it’s also has its own advantage rather than disadvantages. The only way it becomes a bad idea is when you borrow money to fulfill your own luxuries in life, it will always end up as a loss. Though borrowing money so you can pay for your existing debt is sometimes hard to avoid, but if you can spare from doing it through saving so you have something to pay, you will never end up making additional debt.

[Viscore]

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.

This is actually happening not just in America but to all parts of the world. Maybe that’s more because of the present lifestyle that people chose to live, they prefer to live having luxurious lifestyle and clearly spend above their means, so the outcome is they eventually get broke later on. Except for those who borrow for investments, I think that is reasonable enough if they are also borrowing an amount they can manage to pay even if their investments won’t completely work.