Quit borrowing

[Litzki1990]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

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[capedbaldy]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

If it's not the reason for the urgent need factor, then avoid loans from anyone because when we really need a loan for treatment or other urgent matters, so we can ask anyone for a loan. But if you are tied to a previous loan and haven't paid it, he definitely won't give you another loan even if we are in a dying condition. Avoid loans if you have enough money to buy them or invest with low funds, it's better than using borrowed money because you will focus on long-term investments and don't have to think about monthly payments for loans.

[MFahad]

Many people think instantly when they feel they have no money or want to buy things they want, for example motorbikes, gadgets and so on, the presence of online loan services makes people easily in debt, they will regret it when they know that the interest paid is very expensive, it's better to immediately leave bad habits.

I think getting loan for some sort of business is not a good idea because one day your business will be successful therefore you will easily return that sum but those individuals who takes loan just for buying things to be shown as he is a wealthy man is totally on a wrong way. They should think that this bike cannot be good source of earning so instead of this one should take loan to put a base of business and then earn through this business to return loan as well as to buy a bike.

[Vaskiy]

Many people think instantly when they feel they have no money or want to buy things they want, for example motorbikes, gadgets and so on, the presence of online loan services makes people easily in debt, they will regret it when they know that the interest paid is very expensive, it's better to immediately leave bad habits.

I think getting loan for some sort of business is not a good idea because one day your business will be successful therefore you will easily return that sum but those individuals who takes loan just for buying things to be shown as he is a wealthy man is totally on a wrong way. They should think that this bike cannot be good source of earning so instead of this one should take loan to put a base of business and then earn through this business to return loan as well as to buy a bike.

Even with business we should have the precise calculation of risk management and go for a loan. Every business is a chance, though we're expertise in something we can't be sure to make the calculated revenue out of it.

When it comes to gadgets, bikes and other things it is completely not advisable. The value keeps dropping as we keep seeing more number of new devices reaching the market regularly. With properties it is good, but the analysis need to be done precisely. The surrounding should be on the growth phase. This will make the property increase in value over time. So that, even if the loan can't be repaid we won't get affected by debts.

[Uruhara]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

So true. If it is not urgent then loans should be avoided. especially if it is a need in small quantities. And yeah I agree that if we don't pay on time then our relationship with the borrower can also be a little bad. Or even we will have low feelings. Our self-confidence may also decrease. In essence, a loan can even affect our psychology. hopefully we avoid the loan.

[AmoreJaz]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

So true. If it is not urgent then loans should be avoided. especially if it is a need in small quantities. And yeah I agree that if we don't pay on time then our relationship with the borrower can also be a little bad. Or even we will have low feelings. Our self-confidence may also decrease. In essence, a loan can even affect our psychology. hopefully we avoid the loan.

assess your situation and think hard if you really need such loan. if you have other options not to go to this route, take it. as much as possible it is your last resort. it is great to live a simple life without debts. even if you are not having luxury lifestyle but without debts, that's more than enough to live at peace.
sometimes it is your lifestyle that will determine how you treat these material things. just live simply, plain and simple.

[Uruhara]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

So true. If it is not urgent then loans should be avoided. especially if it is a need in small quantities. And yeah I agree that if we don't pay on time then our relationship with the borrower can also be a little bad. Or even we will have low feelings. Our self-confidence may also decrease. In essence, a loan can even affect our psychology. hopefully we avoid the loan.

assess your situation and think hard if you really need such loan. if you have other options not to go to this route, take it. as much as possible it is your last resort. it is great to live a simple life without debts. even if you are not having luxury lifestyle but without debts, that's more than enough to live at peace.
sometimes it is your lifestyle that will determine how you treat these material things. just live simply, plain and simple.

I agree that sometimes living simply is the right choice. rather than prioritizing a luxurious lifestyle but it can make us financially unstable. Living simply and not having debt is a good thing and I think happiness and peace will also be easier if we live simply. But sometimes unexpected situations come our way. and to overcome this it is important for us to make preparations from the start. like saving for an emergency fund and such. so that if something urgent comes up, we are prepared and we can avoid borrowing.

[Peanutswar]

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.

[Ryu_Ar1]

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.

I have said before that there is no problem with borrowing as long as they know the risks involved in making monthly payments and they can do that, then it is not wrong, it is just that in this case our dependence must be reduced.
When we borrow once and are successful in repaying it, even when we don't need a loan, our brains will be persuaded to do so under the assumption that the previous loan was also well repaid.
This will increasingly become a dependency which in the end will be detrimental to myself I think.
So although borrowing is not wrong, it is important to know that if there is no real use in borrowing then such things should not be done.

[Pamadar]

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.

The intention or reason why you barrow that matter, I see your point and that's valid.

If you use that money for investment or business and you are expecting good potential returns, then there's nothing wrong with loaning
money, as you are trying to grow your financial capabilities but you are lack in financial aspect, and that second argument, it's true that
using that loan money just to please your material desire, for sure that will going to be a problem in the later part.

[YUriy1991]

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, then this is a reasonable and common strategy for a trader to consider a temporary loan to improve financial capabilities and generate income to repay debts. . On the other hand, if one borrows money solely to fulfill material desires and self-indulgence without a well-thought-out plan of repayment, it can lead to financial difficulties in the future.

[Davian144]

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, then this is a reasonable and common strategy for a trader to consider a temporary loan to improve financial capabilities and generate income to repay debts. . On the other hand, if one borrows money solely to fulfill material desires and self-indulgence without a well-thought-out plan of repayment, it can lead to financial difficulties in the future.

Loans made to open a business field or open a business with the aim of being able to pay it back more quickly while making a profit is a good thing and that clearly cannot be denied because it really makes sense. But if someone who makes a loan for investment and to buy materials for his own pleasure will end up ruined when the borrower starts to charge him based on a predetermined time.

So I agree more that loans are made based on one's self-awareness to make it grow through business and not to be enjoyed like those who consume it excessively in life. Because basically a good and growing business will always provide better profits for its owners, while those who only spend the loan capital will always be poor in their lives and will never develop like other businessmen in this world.

[barisbilgili]

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, then this is a reasonable and common strategy for a trader to consider a temporary loan to improve financial capabilities and generate income to repay debts. . On the other hand, if one borrows money solely to fulfill material desires and self-indulgence without a well-thought-out plan of repayment, it can lead to financial difficulties in the future.

besides that there are many unexpected things in life that happen that require immediate costs, sometimes it's education or health problems and in my opinion if the loans made are still in a positive way then that's fine.
I have only ever made loans for the necessities of life, health and education.
and in my opinion if it's for investing or doing business, it's very risky if you take a loan except in the development of an ongoing business and most likely it will get better without big risks like investing.

[Swordsoffreedom]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

So true. If it is not urgent then loans should be avoided. especially if it is a need in small quantities. And yeah I agree that if we don't pay on time then our relationship with the borrower can also be a little bad. Or even we will have low feelings. Our self-confidence may also decrease. In essence, a loan can even affect our psychology. hopefully we avoid the loan.

assess your situation and think hard if you really need such loan. if you have other options not to go to this route, take it. as much as possible it is your last resort. it is great to live a simple life without debts. even if you are not having luxury lifestyle but without debts, that's more than enough to live at peace.
sometimes it is your lifestyle that will determine how you treat these material things. just live simply, plain and simple.

I agree that sometimes living simply is the right choice. rather than prioritizing a luxurious lifestyle but it can make us financially unstable. Living simply and not having debt is a good thing and I think happiness and peace will also be easier if we live simply. But sometimes unexpected situations come our way. and to overcome this it is important for us to make preparations from the start. like saving for an emergency fund and such. so that if something urgent comes up, we are prepared and we can avoid borrowing.

Everything has two sides, if we choose a simple life that is not too demanding, our thinking will become regressive, always accepting fate and thereby turning us into cowards, no have the will to strive. But if you set high demands in life, and to do that, you need a lot of money. And to have a lot of money, we need to work hard and work creatively...from there, you will have the life many others dream of. Borrowing money is not advisable, but if you are borrowing money for emergencies or business, it is not so bad that it should be avoided. Sometimes life needs a lot of pressure that makes people keep moving forward to achieve success.

[Cling18]

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, then this is a reasonable and common strategy for a trader to consider a temporary loan to improve financial capabilities and generate income to repay debts. . On the other hand, if one borrows money solely to fulfill material desires and self-indulgence without a well-thought-out plan of repayment, it can lead to financial difficulties in the future.

besides that there are many unexpected things in life that happen that require immediate costs, sometimes it's education or health problems and in my opinion if the loans made are still in a positive way then that's fine.
I have only ever made loans for the necessities of life, health and education.
and in my opinion if it's for investing or doing business, it's very risky if you take a loan except in the development of an ongoing business and most likely it will get better without big risks like investing.

There were also emergency situations where I decided to borrow but I also consider the risk of it. When borrowing, we have to make sure that we would be able to pay it on time so we won't face consequences in the future. Take loans only if you actually need them, never just because you want to. We should think about setting up emergency funds so that we won't have to take on debt when unanticipated occurrences happen. Borrowing money to invest is not a safe move, especially in the volatile digital market. It would be a major risk because losing is always possible. It will be better to use our savings or our hard earned money in case we decide to invest so we will only be risking the funds that we can only afford to lose.

[Dr.Osh]

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.

[Rockstarguy]

If you don't need much then you shouldn't take a loan at all.  Because of this debt, good relations with people become distant relations. The person you borrow from today may give you a loan, but when you fail to repay the loan on time, you will come across as very small-minded and will not help you when you are in trouble later. And if your financial condition is worse then he will force you to repay the loan. At that moment you will realize how bad debt is. So avoid taking loans as much as possible.

The only reason for borrowing money is either for business or something that is very productive that is worth borrowing, and if one should  think of to borrow money it should be the amount that can be paid back in a period of time that is okay with the lender. Borrowing money for non productive things that can't generate money is a bad habit. People who borrow money for no good reason have a poor financial life , which they find it so difficult to have savings. Borrowing money should only be for business that can bring high profits that can be able to pay back the money borrowed.

[asyakashi]

I think only those who are greedy in seeking profits are willing to borrow money and then make it an investment capital. they do have an investor mentality because they dare to take risks but that actually brings those who invest with borrowed money to get into new problems. crypto investments are not always profitable, while loans must be paid for sure along with the interest every maturity date. I think this is something that should not be done in investing.

[newdevices]

I think only those who are greedy in seeking profits are willing to borrow money and then make it an investment capital. they do have an investor mentality because they dare to take risks but that actually brings those who invest with borrowed money to get into new problems. crypto investments are not always profitable, while loans must be paid for sure along with the interest every maturity date. I think this is something that should not be done in investing.

Borrowing money for investment capital is not the best option and is more likely to be risky,
so it's better to avoid it and don't force it if you don't have capital yet,
Think carefully about the risks before making a decision.

[bayu7adi]

crypto investments are not always profitable, while loans must be paid for sure along with the interest every maturity date. I think this is something that should not be done in investing.

Engaging in ventures without being adequately prepared for the accompanying risks is strictly prohibited. While some individuals perceive it as exceedingly foolish and perilous, there exists a cohort of affluent and audacious individuals who employ this approach as a high-stakes gamble. Borrowing money for business purposes is indeed a common practice, as businesses can exhibit promising future prospects, and the discernment of an investor towards a business venture is undeniably astute.

However, it is crucial to refrain from attempting to emulate such practices, for the experience of the wealthy and audacious carries profound implications. Suffering losses with disposable income alone can lead to considerable distress, let alone when relying on borrowed funds. Your collateral will be in jeopardy.