Debt Management.

[tygeade]

There is no big deal here. And all I will say is that before you plan to collect a loan, you have a plan that when you collect the loan you will pay back within the agreed period of time. And don't take a loan when you don't have any plans in the future to pay back. Because when the agreed time comes and you don't have anything to pay back then the lender will collect your landed or any other properties to settle the loan. Even the two examples op give gave, don't take a loan because of business at the beginning. That is don't start you business with debt because it will affect you in the future if the business is not doing well. But you can take a loan to top up your business and expand it then pay back when the agreed time has come.

You can’t be trusted as a debtor if you have plans to avoid paying back on your loan. Aside that it will ruin your own reputation, it will also break the trust that the creditor has established for you. So avoid doing it as much as possible. Also, if you have the available money even before the due date comes, it’s much better if you pay your loan earlier to avoid future complications. That is if you want to clear off your debt totally. Otherwise, you might end up spending your money on some other things while losing the interest to pay back your loan, which I think is a very bad option. And one is not supposed to do that if you are a responsible debtor.

Paying your loan back is something we need to realize as important figure in our life, because if we can do that then we would be able to consider the situation to be a little different. I personally believe that we are not going to end up with such a greater return, and need to realize that life isn't all that simple, sometimes we can't pay the debt back. You need to figure out the balance, sometimes life is simple and you can pay it back easily, sometimes it is not and you end up with even more debt.

As long as you are trying your hardest, do not feel sad if you fail, because there are so many people in the world who are failing at paying their debt back and if you fail too, you won't be the only one, there are hundreds of millions of us.

[nara1892]

You can’t be trusted as a debtor if you have plans to avoid paying back on your loan. Aside that it will ruin your own reputation, it will also break the trust that the creditor has established for you. So avoid doing it as much as possible. Also, if you have the available money even before the due date comes, it’s much better if you pay your loan earlier to avoid future complications. That is if you want to clear off your debt totally. Otherwise, you might end up spending your money on some other things while losing the interest to pay back your loan, which I think is a very bad option. And one is not supposed to do that if you are a responsible debtor.

Paying your loan back is something we need to realize as important figure in our life, because if we can do that then we would be able to consider the situation to be a little different. I personally believe that we are not going to end up with such a greater return, and need to realize that life isn't all that simple, sometimes we can't pay the debt back. You need to figure out the balance, sometimes life is simple and you can pay it back easily, sometimes it is not and you end up with even more debt.

As long as you are trying your hardest, do not feel sad if you fail, because there are so many people in the world who are failing at paying their debt back and if you fail too, you won't be the only one, there are hundreds of millions of us.

The point is that we must have good responsibility in ourselves, and obviously if you borrow money from anyone or to a loan service then somehow you must be willing to pay, because usually before you borrow money usually the service will first check the situation or financial situation in your life one of which they will ask about how much your income is in a month, none other than that to ensure that there is some money left to pay debt installments, and also usually there will be an agreement at the beginning, they will do whatever it takes to ensure that you can really pay the debt until it is paid off.

So don't underestimate loans, they help you when you are in an urgent situation which means you also have to take full responsibility for your debt, so think carefully before you finally decide to take a loan, don't take advantage of this convenience because however if a problem occurs there will be consequences that you have to bear such as some of your assets will be confiscated by the bank or service. This is not a matter of sadness for failing to pay debts because after all, debt must be paid, there is no tolerance at all, so consider carefully before you make a decision, don't let your decision cause a lot of problems in the end.

[Raflesia]

The point is that we must have good responsibility in ourselves, and obviously if you borrow money from anyone or to a loan service then somehow you must be willing to pay, because usually before you borrow money usually the service will first check the situation or financial situation in your life one of which they will ask about how much your income is in a month, none other than that to ensure that there is some money left to pay debt installments, and also usually there will be an agreement at the beginning, they will do whatever it takes to ensure that you can really pay the debt until it is paid off.

So don't underestimate loans, they help you when you are in an urgent situation which means you also have to take full responsibility for your debt, so think carefully before you finally decide to take a loan, don't take advantage of this convenience because however if a problem occurs there will be consequences that you have to bear such as some of your assets will be confiscated by the bank or service. This is not a matter of sadness for failing to pay debts because after all, debt must be paid, there is no tolerance at all, so consider carefully before you make a decision, don't let your decision cause a lot of problems in the end.

Yes, we as humans if we have debt then it is obligatory to pay it back because if we do not pay back we must be viewed badly in terms of debt and credit, therefore we as humans must be able to pay what we borrow. When we borrow from a service, it is clear that we must be asked how much we earn a month and the assets or assets we have, because it is all done to consider how much the service should lend us money to make it easier for us to pay, because if the service lends too much and our income is small it can make it difficult for us to pay the debt because the service is too big to lend to us, and every time we borrow from a service, there will be a guarantee from some of our assets so that when we cannot pay the debt, the guarantee will be confiscated.

Therefore, a debt is something that must be paid, if we cannot pay the debt we will be labeled bad by the person who borrowed from us. So never underestimate a debt because debt can cause division / problems between relatives, relatives, friends and people around us if we borrow from them. The experience I took from my friend he owed his brother and then he couldn't pay it back, so an argument arose that took a toll on him.

[junder]

I agree with what you say, except to develop the business or business you have, it's not bad if you take out a loan. because in my environment there is a person who has unstable finances but he has the desire to open a medicine shop or what is called a pharmacy, he takes out a loan to rent a kiosk that is not too big and buy some medicines that are needed by the local community, Until now he has more than one pharmacy. Therefore, I think going into debt or borrowing money is not bad as long as the goal is clear, and we also have to be able to manage our finances well.

And if at that time he didn't dare to take the risk, by taking out a loan, maybe he would lose the opportunity and what he had previously planned to do to open a drugstore would be preceded by someone else. So debt is not always bad, as long as its use is clear and can be managed well.

Yes, that's true, debt is not always bad, sometimes we need a loan to be able to develop what we have, which is called a business. Even though loans can destroy us, it depends on what we use them for, such as using borrowed money just to fulfill a desire to be stylish or to satisfy a desire that does not produce a profit, of course that is not right. The right thing is to take out a loan to develop a business, but there are downsides when someone who has unstable finances experiences a disaster and there is no other way, they can only take out a loan to overcome the problem. But even so, sometimes getting a loan is difficult.

if we take out a loan to meet our daily needs, it is not recommended, but to survive, maybe we have to do it, but with things like that, we have to be aware of being able to pay off the debt we have incurred, by looking for a job that provides income. Obviously, don't take out a loan but we can't pay it, that's not the right solution but only adds to the problem.

[Lanatsa]

I agree with what you say, except to develop the business or business you have, it's not bad if you take out a loan. because in my environment there is a person who has unstable finances but he has the desire to open a medicine shop or what is called a pharmacy, he takes out a loan to rent a kiosk that is not too big and buy some medicines that are needed by the local community, Until now he has more than one pharmacy. Therefore, I think going into debt or borrowing money is not bad as long as the goal is clear, and we also have to be able to manage our finances well.

And if at that time he didn't dare to take the risk, by taking out a loan, maybe he would lose the opportunity and what he had previously planned to do to open a drugstore would be preceded by someone else. So debt is not always bad, as long as its use is clear and can be managed well.

Yes, that's true, debt is not always bad, sometimes we need a loan to be able to develop what we have, which is called a business. Even though loans can destroy us, it depends on what we use them for, such as using borrowed money just to fulfill a desire to be stylish or to satisfy a desire that does not produce a profit, of course that is not right. The right thing is to take out a loan to develop a business, but there are downsides when someone who has unstable finances experiences a disaster and there is no other way, they can only take out a loan to overcome the problem. But even so, sometimes getting a loan is difficult.

if we take out a loan to meet our daily needs, it is not recommended, but to survive, maybe we have to do it, but with things like that, we have to be aware of being able to pay off the debt we have incurred, by looking for a job that provides income. Obviously, don't take out a loan but we can't pay it, that's not the right solution but only adds to the problem.

There is a good debt and a bad debt, it would really be just that depending on how you do make use of those loans or debts because if its really that been used on other means like buying up some luxuries or making use for vacation or something which is something that giving out those profits or revenue then this is something could be considered to be bad. Unlike, when you do took up some loans for the sake of investment extension then this is something more valuable or something that it is more worth. So it would really be just that depending on how you do make use of those debts. Its not really that bad to take up some debt or loan if you are really just that responsible on the things that you've been doing or you are really that paying it up. You do know the risks about paying up some interest.

The best thing that you should really be avoiding is not to take multiple loans on which it would really be just that normal that there might be some emergency situations
on which its something that cant be avoided but as much as possible you should really be avoiding it at all cost specially if its not necessary.

[Yukyzu]

It's not actually bad to be in debt as long as you're capable to pay, and you use those funds either to expand your previous investment or whatsoever that generates sure profits. But in cases like you take a loan for personal satisfaction, I don't think taking a loan is actually helpful. It may even push you into a miserable life once you're unable to pay and so its monthly interest keeps going high. So as much as possible, learn to avoid taking debts if you have no reliable funds to pay for it.

Before deciding to go into debt, of course we must first think about how we can pay off the debt we have so that we can pay it, because if after we go into debt and are unable to pay it, of course this will put us in trouble and it will be better when we decide to be in debt, we can use the funds that we borrow to develop the business that we have run and we can pay off the debt in installments from the results of the business that has been running, if we choose to go into debt for our personal desires and do not have a turnover of money from what we take of course We just have to set aside the income we have to be able to pay it, yes it would be better if we didn't get into debt if the money we borrow doesn't have a turnover and we will have difficulty paying it off.

[Xcode7]

It's not actually bad to be in debt as long as you're capable to pay, and you use those funds either to expand your previous investment or whatsoever that generates sure profits. But in cases like you take a loan for personal satisfaction, I don't think taking a loan is actually helpful. It may even push you into a miserable life once you're unable to pay and so its monthly interest keeps going high. So as much as possible, learn to avoid taking debts if you have no reliable funds to pay for it.

Before deciding to go into debt, of course we must first think about how we can pay off the debt we have so that we can pay it, because if after we go into debt and are unable to pay it, of course this will put us in trouble and it will be better when we decide to be in debt, we can use the funds that we borrow to develop the business that we have run and we can pay off the debt in installments from the results of the business that has been running, if we choose to go into debt for our personal desires and do not have a turnover of money from what we take of course We just have to set aside the income we have to be able to pay it, yes it would be better if we didn't get into debt if the money we borrow doesn't have a turnover and we will have difficulty paying it off.

Actually, we have to first look at the prospects for the debt we are going to do, I think this only applies to business people, they are in debt with the aim of making a profit so that their business runs smoothly and therefore they need more capital so they can use the debt to make a profit. profit.
That's good, but in contrast to debt that is taken to meet personal needs, there are no benefits or good things there, on the contrary, debt will make us even more troubled.

[Jody.Drummer]

Before deciding to go into debt, of course we must first think about how we can pay off the debt we have so that we can pay it, because if after we go into debt and are unable to pay it, of course this will put us in trouble and it will be better when we decide to be in debt, we can use the funds that we borrow to develop the business that we have run and we can pay off the debt in installments from the results of the business that has been running, if we choose to go into debt for our personal desires and do not have a turnover of money from what we take of course We just have to set aside the income we have to be able to pay it, yes it would be better if we didn't get into debt if the money we borrow doesn't have a turnover and we will have difficulty paying it off.

Actually, we have to first look at the prospects for the debt we are going to do, I think this only applies to business people, they are in debt with the aim of making a profit so that their business runs smoothly and therefore they need more capital so they can use the debt to make a profit. profit.
That's good, but in contrast to debt that is taken to meet personal needs, there are no benefits or good things there, on the contrary, debt will make us even more troubled.

True, one of the things that must be done first is to consider as carefully as possible, if for example you need money for a purpose that is not really important that leads to your desires such as buying goods without any profitable potential then obviously it is better to cancel your intention to borrow because obviously it will only be a waste without any reciprocity. On the other hand, I cannot say that loans are only for rich people because after all, the benefits of loans are for all people who are really experiencing problems with their finances, such as needing money for hospital fees, which this situation applies to all people, poor or rich.

The point is for those who really need money for something that is very important, but yes on the other hand as you said it is true that usually rich people also borrow money, but usually they borrow money only for something like what you said which is like for example for a business which does have the potential and opportunity to give them profit, meaning never misuse loans for things that are not too important if for example you don't want to experience financial problems in life such as being in debt.

[stomachgrowls]

Before deciding to go into debt, of course we must first think about how we can pay off the debt we have so that we can pay it, because if after we go into debt and are unable to pay it, of course this will put us in trouble and it will be better when we decide to be in debt, we can use the funds that we borrow to develop the business that we have run and we can pay off the debt in installments from the results of the business that has been running, if we choose to go into debt for our personal desires and do not have a turnover of money from what we take of course We just have to set aside the income we have to be able to pay it, yes it would be better if we didn't get into debt if the money we borrow doesn't have a turnover and we will have difficulty paying it off.

Actually, we have to first look at the prospects for the debt we are going to do, I think this only applies to business people, they are in debt with the aim of making a profit so that their business runs smoothly and therefore they need more capital so they can use the debt to make a profit. profit.
That's good, but in contrast to debt that is taken to meet personal needs, there are no benefits or good things there, on the contrary, debt will make us even more troubled.

True, one of the things that must be done first is to consider as carefully as possible, if for example you need money for a purpose that is not really important that leads to your desires such as buying goods without any profitable potential then obviously it is better to cancel your intention to borrow because obviously it will only be a waste without any reciprocity. On the other hand, I cannot say that loans are only for rich people because after all, the benefits of loans are for all people who are really experiencing problems with their finances, such as needing money for hospital fees, which this situation applies to all people, poor or rich.

The point is for those who really need money for something that is very important, but yes on the other hand as you said it is true that usually rich people also borrow money, but usually they borrow money only for something like what you said which is like for example for a business which does have the potential and opportunity to give them profit, meaning never misuse loans for things that are not too important if for example you don't want to experience financial problems in life such as being in debt.

Always set those priorities first rather than on thinking up yourself on trying to buy up something which it isnt important. Just like on what most people been saying on here is that its never been that recommended for you to be a certain type of person who do want or likes to spend up into something which it isnt really just that important. Although there are really moments or times that we do want to buy something which it is really just that fine but doing it twice,thrice or more then this is something a problem that you should really be needing to suppress or something that you would be needing to lessen out.

You wont really be ending up on debt if you are really just that responsible on what you are spending. Dont live in a life on where you would really be that luxurious if your income isnt aligned to it.
Dont take up loans if it isnt needed, if you do then better to make it worth or something that you could really be able to take benefit from it. If you cant then it would really be something
and issue that you would really be needing to face on.

[junder]

Yes, that's true, debt is not always bad, sometimes we need a loan to be able to develop what we have, which is called a business. Even though loans can destroy us, it depends on what we use them for, such as using borrowed money just to fulfill a desire to be stylish or to satisfy a desire that does not produce a profit, of course that is not right. The right thing is to take out a loan to develop a business, but there are downsides when someone who has unstable finances experiences a disaster and there is no other way, they can only take out a loan to overcome the problem. But even so, sometimes getting a loan is difficult.

if we take out a loan to meet our daily needs, it is not recommended, but to survive, maybe we have to do it, but with things like that, we have to be aware of being able to pay off the debt we have incurred, by looking for a job that provides income. Obviously, don't take out a loan but we can't pay it, that's not the right solution but only adds to the problem.

There is a good debt and a bad debt, it would really be just that depending on how you do make use of those loans or debts because if its really that been used on other means like buying up some luxuries or making use for vacation or something which is something that giving out those profits or revenue then this is something could be considered to be bad. Unlike, when you do took up some loans for the sake of investment extension then this is something more valuable or something that it is more worth. So it would really be just that depending on how you do make use of those debts. Its not really that bad to take up some debt or loan if you are really just that responsible on the things that you've been doing or you are really that paying it up. You do know the risks about paying up some interest.

The best thing that you should really be avoiding is not to take multiple loans on which it would really be just that normal that there might be some emergency situations
on which its something that cant be avoided but as much as possible you should really be avoiding it at all cost specially if its not necessary.

It is indeed not recommended to take out a loan just to fulfill what we want, such as fulfilling our desire to be stylish or something else, because if we really want to fulfill what we want, such as buying an asset or property that we want which has a high price, even though its role is not that important because it is the goal is just to be stylish, it's better to use money that is money we collect, like money collected by saving. I myself am like that, I have a job and income but when I want to buy property or other luxury items then I save for the object that I want, and I also feel very proud to be able to buy what I want with my own money, not borrowed money. .

If it's for an investment or business that has something to do with profit, the profit can be obtained depending on how we run it, maybe it's not a problem, because sometimes we need additional funds to be able to continue the investment or business that we run, but before that of course We have to think first about whether by borrowing money we can pay it later or not, if it will only make things difficult, it's better not to.

[dunfida]

It is indeed not recommended to take out a loan just to fulfill what we want, such as fulfilling our desire to be stylish or something else, because if we really want to fulfill what we want, such as buying an asset or property that we want which has a high price, even though its role is not that important because it is the goal is just to be stylish, it's better to use money that is money we collect, like money collected by saving. I myself am like that, I have a job and income but when I want to buy property or other luxury items then I save for the object that I want, and I also feel very proud to be able to buy what I want with my own money, not borrowed money. .

If it's for an investment or business that has something to do with profit, the profit can be obtained depending on how we run it, maybe it's not a problem, because sometimes we need additional funds to be able to continue the investment or business that we run, but before that of course We have to think first about whether by borrowing money we can pay it later or not, if it will only make things difficult, it's better not to.

Always go for something that can generate income and its always that better that you shouldn't really be focusing about those buying luxury items because those things could depreciate every year or a particular point of time which is unlike or totally opposite when you do buy up a property which is really that having that appreciation when it comes to its value. I have bought some property wayback 10 years ago and now i have seen
that its price rose up to 300% which its been placed on a strategical location which i could say it was indeed a good buy. Wayback i wasnt sure if it would really be developed but there are some hunches  that give out some those kind of thinking that it might be that valuable soon and it did. I make or request some loan which its on salary deduction for too long and i have been able to invest it out on buying that property and now
im reaping the profits because aside from the property value itself, i have made it to be rented or simply making money everymonth without needing to sell the property.

[Rockstarguy]

Paying your loan back is something we need to realize as important figure in our life, because if we can do that then we would be able to consider the situation to be a little different. I personally believe that we are not going to end up with such a greater return, and need to realize that life isn't all that simple, sometimes we can't pay the debt back. You need to figure out the balance, sometimes life is simple and you can pay it back easily, sometimes it is not and you end up with even more debt.

As long as you are trying your hardest, do not feel sad if you fail, because there are so many people in the world who are failing at paying their debt back and if you fail too, you won't be the only one, there are hundreds of millions of us.

This what many people don't still understand and take for granted. Taking loan without no consideration,  no planning can even make one to even become poor the more. When taking loan the first thing one needs to consider is if it is a loan that can be easily payed back without any struggle. The reason for taking a loan should be for something that can bring profit and not for liabilities.  Some people take loans just to enjoy their life and nothing to think of bringing profits.  

It is important for people to go for loan thst they can afford to pay back because taking so much amount of money as loan without any consideration on how to pay back is just putting more debt and financial burden on one's self.

[Gaza13]

As much as possible, it's true that don't get into debt. Don't get pressed by this society that we're having right now that want you to purchase expensive things that makes you higher than them. That's not life but it's best not to get into it. Pay everything in cash or if you're using a credit card, pay before the due date so that you won't have any interest and any other life hacks that you know about saving, do it. As for your debts, if you have existing ones, don't forget to pay them until you have zero.

A life that is not in debt is much more comfortable and calm for us in living our lives, yes, most people are jealous of the results they get from other people, by buying a certain brand it seems as if they can look more established than before, I think if this is forced on them will be trapped financially by themselves. Before buying an item, we have to look at the function of the item. If there is something cheaper and better, why do we have to pay more? We must eliminate this kind of culture. Credit cards are actually good for someone who has sufficient monthly income and if someone still has a low income I think this will kill their finances. It would be better if we wanted to buy something with enough money to save it first and then buy it with cash. So adjust your lifestyle, don't follow other people's lifestyle trends.

If we want to go into debt to build a business and already have a thorough plan as a whole, I think this is much better for that person's goals, having thought about every detail. And many rich people live off of debt. If we haven't been able to follow in their footsteps, it would be good not to emulate debt.

[Strongkored]

A life that is not in debt is much more comfortable and calm for us in living our lives,

This is the most correct mindset in my opinion, but did you know that many people think the opposite and they say that having debt will make them more enthusiastic about working because they know there are lots of bills and debts that have to be paid, even though this will increase the stress in our lives, but it could be because everyone thinks differently, but I agree that if you want to live more calmly and comfortably then avoid debt except for things that are very important or urgent and difficult to avoid and require funds quickly.

If we want to go into debt to build a business and already have a thorough plan as a whole, I think this is much better for that person's goals, having thought about every detail. And many rich people live off of debt. If we haven't been able to follow in their footsteps, it would be good not to emulate debt.

This is a productive debt that will allow us to earn additional income and with this income, we will be able to pay off the debt and in my opinion this is not dangerous the dangerous thing is when taking debt for a lifestyle.

[Lanatsa]

Yes, that's true, debt is not always bad, sometimes we need a loan to be able to develop what we have, which is called a business. Even though loans can destroy us, it depends on what we use them for, such as using borrowed money just to fulfill a desire to be stylish or to satisfy a desire that does not produce a profit, of course that is not right. The right thing is to take out a loan to develop a business, but there are downsides when someone who has unstable finances experiences a disaster and there is no other way, they can only take out a loan to overcome the problem. But even so, sometimes getting a loan is difficult.

if we take out a loan to meet our daily needs, it is not recommended, but to survive, maybe we have to do it, but with things like that, we have to be aware of being able to pay off the debt we have incurred, by looking for a job that provides income. Obviously, don't take out a loan but we can't pay it, that's not the right solution but only adds to the problem.

There is a good debt and a bad debt, it would really be just that depending on how you do make use of those loans or debts because if its really that been used on other means like buying up some luxuries or making use for vacation or something which is something that giving out those profits or revenue then this is something could be considered to be bad. Unlike, when you do took up some loans for the sake of investment extension then this is something more valuable or something that it is more worth. So it would really be just that depending on how you do make use of those debts. Its not really that bad to take up some debt or loan if you are really just that responsible on the things that you've been doing or you are really that paying it up. You do know the risks about paying up some interest.

The best thing that you should really be avoiding is not to take multiple loans on which it would really be just that normal that there might be some emergency situations
on which its something that cant be avoided but as much as possible you should really be avoiding it at all cost specially if its not necessary.

It is indeed not recommended to take out a loan just to fulfill what we want, such as fulfilling our desire to be stylish or something else, because if we really want to fulfill what we want, such as buying an asset or property that we want which has a high price, even though its role is not that important because it is the goal is just to be stylish, it's better to use money that is money we collect, like money collected by saving. I myself am like that, I have a job and income but when I want to buy property or other luxury items then I save for the object that I want, and I also feel very proud to be able to buy what I want with my own money, not borrowed money. .

If it's for an investment or business that has something to do with profit, the profit can be obtained depending on how we run it, maybe it's not a problem, because sometimes we need additional funds to be able to continue the investment or business that we run, but before that of course We have to think first about whether by borrowing money we can pay it later or not, if it will only make things difficult, it's better not to.

People do only realize when its already too late or something that have been happening into their lives on which this is the only time that they would really be making out those kind of realizations on the time that you would really be considering out that it was really that very wrong or something a mistake. Debts are neither good or bad, it would be depending on the application that you had set out. If you are someone whose really that wanting to have some loan just because you are really that liking on buying something but you are obliging yourself on having that kind of payment then there would really be no issues.
On the time that you would really be making yourself that becoming irresponsible on the time that you cant be able to pay up your loans then this is where problem would be starting.

Debt management is really that something that you would really be needing to have. If you cant be able to make yourself that handle up well on this manner then you are really that
prone into such disaster.

[nara1892]

The point is that we must have good responsibility in ourselves, and obviously if you borrow money from anyone or to a loan service then somehow you must be willing to pay, because usually before you borrow money usually the service will first check the situation or financial situation in your life one of which they will ask about how much your income is in a month, none other than that to ensure that there is some money left to pay debt installments, and also usually there will be an agreement at the beginning, they will do whatever it takes to ensure that you can really pay the debt until it is paid off.

So don't underestimate loans, they help you when you are in an urgent situation which means you also have to take full responsibility for your debt, so think carefully before you finally decide to take a loan, don't take advantage of this convenience because however if a problem occurs there will be consequences that you have to bear such as some of your assets will be confiscated by the bank or service. This is not a matter of sadness for failing to pay debts because after all, debt must be paid, there is no tolerance at all, so consider carefully before you make a decision, don't let your decision cause a lot of problems in the end.

Yes, we as humans if we have debt then it is obligatory to pay it back because if we do not pay back we must be viewed badly in terms of debt and credit, therefore we as humans must be able to pay what we borrow. When we borrow from a service, it is clear that we must be asked how much we earn a month and the assets or assets we have, because it is all done to consider how much the service should lend us money to make it easier for us to pay, because if the service lends too much and our income is small it can make it difficult for us to pay the debt because the service is too big to lend to us, and every time we borrow from a service, there will be a guarantee from some of our assets so that when we cannot pay the debt, the guarantee will be confiscated.

Therefore, a debt is something that must be paid, if we cannot pay the debt we will be labeled bad by the person who borrowed from us. So never underestimate a debt because debt can cause division / problems between relatives, relatives, friends and people around us if we borrow from them. The experience I took from my friend he owed his brother and then he couldn't pay it back, so an argument arose that took a toll on him.

And also sometimes this ugliness can make your good name tarnished in several other loan services, or that means when you have a bad reputation in the previous service such as for example you do not pay your debt and then you run away then usually when one day you want to borrow again for some reason then usually your loan process will be complicated by the service because they have your bad data because usually the track record of each borrower will be spread to several other services, which means that when you are irresponsible when it comes to repaying your debts, you are making it difficult for yourself when you are in an urgent situation where you need money but some services do not approve your loan request because of your bad track record.

On the other hand, it is true that usually the lender will only dare to lend money according to our level of income, as you said that if for example our income is low or even below average then usually the service will only give you a low loan amount and that means the lender prioritizes balance in terms of serving its customers by only giving an amount according to your income level as a precautionary measure. I understand that even if you have difficulty borrowing money from a service due to policy reasons then yes usually people will choose to make people around them as loan targets such as borrowing from friends or relatives, but still the point is that a responsible attitude should not be ignored to maintain your good name.

[Jody.Drummer]

True, one of the things that must be done first is to consider as carefully as possible, if for example you need money for a purpose that is not really important that leads to your desires such as buying goods without any profitable potential then obviously it is better to cancel your intention to borrow because obviously it will only be a waste without any reciprocity. On the other hand, I cannot say that loans are only for rich people because after all, the benefits of loans are for all people who are really experiencing problems with their finances, such as needing money for hospital fees, which this situation applies to all people, poor or rich.

The point is for those who really need money for something that is very important, but yes on the other hand as you said it is true that usually rich people also borrow money, but usually they borrow money only for something like what you said which is like for example for a business which does have the potential and opportunity to give them profit, meaning never misuse loans for things that are not too important if for example you don't want to experience financial problems in life such as being in debt.

Always set those priorities first rather than on thinking up yourself on trying to buy up something which it isnt important. Just like on what most people been saying on here is that its never been that recommended for you to be a certain type of person who do want or likes to spend up into something which it isnt really just that important. Although there are really moments or times that we do want to buy something which it is really just that fine but doing it twice,thrice or more then this is something a problem that you should really be needing to suppress or something that you would be needing to lessen out.

You wont really be ending up on debt if you are really just that responsible on what you are spending. Dont live in a life on where you would really be that luxurious if your income isnt aligned to it.
Dont take up loans if it isnt needed, if you do then better to make it worth or something that you could really be able to take benefit from it. If you cant then it would really be something
and issue that you would really be needing to face on.

Everything always goes back to how your mindset is, if for example you are rational in terms of responding to every thing then I think it is less likely for you to make decisions that should not be prioritized, especially in terms of spending money, but it is a fact that sometimes there are always some people whose lives are consumed by prestige, or that means they live by having a habit of luxury and obviously when your financial situation is far from stable or established then this habit will only lead you to many problems, one of which as I said is getting into debt.

This means that being rational will be able to help you in terms of distinguishing between wants and needs, because most people still prioritize their desires even though they are basically unable and on the other hand something they buy is also not very important. Basically, having a luxury habit is not a bad thing if you have a good financial level or if you are a rich person, so being rational and having self-awareness of the situation is a mindset that is recommended as a prevention.

[slapper]

As much as possible, it's true that don't get into debt. Don't get pressed by this society that we're having right now that want you to purchase expensive things that makes you higher than them. That's not life but it's best not to get into it. Pay everything in cash or if you're using a credit card, pay before the due date so that you won't have any interest and any other life hacks that you know about saving, do it. As for your debts, if you have existing ones, don't forget to pay them until you have zero.

A life that is not in debt is much more comfortable and calm for us in living our lives, yes, most people are jealous of the results they get from other people, by buying a certain brand it seems as if they can look more established than before, I think if this is forced on them will be trapped financially by themselves. Before buying an item, we have to look at the function of the item. If there is something cheaper and better, why do we have to pay more? We must eliminate this kind of culture. Credit cards are actually good for someone who has sufficient monthly income and if someone still has a low income I think this will kill their finances. It would be better if we wanted to buy something with enough money to save it first and then buy it with cash. So adjust your lifestyle, don't follow other people's lifestyle trends.

If we want to go into debt to build a business and already have a thorough plan as a whole, I think this is much better for that person's goals, having thought about every detail. And many rich people live off of debt. If we haven't been able to follow in their footsteps, it would be good not to emulate debt.

We live in a time where your flashy car and designer clothes matter more than your actual net worth. This constant game of keeping up with the Joneses? It's a recipe for financial ruin, dressed up as fitting in. Why do we care so much about brand names acting like they give you some kind of status? It makes no sense

Choosing practicality over hype isn't about being cheap, it's about being smart. You better believe there's a cheaper, better way to do almost anything if you stop caring about the logo. And credit cards? They ain't some financial tool, they're a straight-up trap. Yeah, if you're rolling in dough, go nuts. But for most of us, it's a recipe for disaster

Save first, spend second. Live within your means, don't try to fake it till you make it. And yeah, debt can be a strategic tool for some – the folks with ironclad plans. But trying to copy the rich by spending money you don't have? That's a losing game. It ain't about never taking risks, it's about not being an idiot. So, let's drop the act, own our finances, and build real wealth instead of this fake, debt-ridden image

[hyudien]

We live in a time where your flashy car and designer clothes matter more than your actual net worth. This constant game of keeping up with the Joneses? It's a recipe for financial ruin, dressed up as fitting in. Why do we care so much about brand names acting like they give you some kind of status? It makes no sense

Choosing practicality over hype isn't about being cheap, it's about being smart. You better believe there's a cheaper, better way to do almost anything if you stop caring about the logo. And credit cards? They ain't some financial tool, they're a straight-up trap. Yeah, if you're rolling in dough, go nuts. But for most of us, it's a recipe for disaster

Save first, spend second. Live within your means, don't try to fake it till you make it. And yeah, debt can be a strategic tool for some – the folks with ironclad plans. But trying to copy the rich by spending money you don't have? That's a losing game. It ain't about never taking risks, it's about not being an idiot. So, let's drop the act, own our finances, and build real wealth instead of this fake, debt-ridden image

With us thinking about luxuries while not looking at finances, it is indeed a formula for financial ruin. The impulse of the mind will lead us to fulfill what we want even though it is contrary to our abilities. But there are people who dress only want to use clothes that have famous brands, especially when traveling outside the home. But with his financial situation and economic situation is not very adequate, obviously he forces himself but if it is by working hard it does not matter, but if to fulfill it by borrowing money it is not recommended.
In my neighborhood there are people who borrow friends' things such as gadgets, vehicles and even clothes when going out just because they want to look rich, I don't even like this behavior. And indeed he himself often borrows money from his friends just to fulfill the style he wants, his main goal is to be praised by many women. And what's unfortunate is that the women who are lured by him because he himself has been deceived.

[SmartCharpa]

I think it would be in our best interests to avoid anything that may lead to debt. Getting into some debt did not go well. Many people out there are borrowing money, but I don't think they have a choice, it's not their fault, they don't have any other options to survive than to borrow money. When someone is in debt, I believe they don't have peace of mind since they will always be worried about how they will get the money to repay the loan. Though some people don't care about how they live, they don't mind being in debt every day, all they want is money and to spend it on things they don't need, Only to impress others. Money management is very important in everything we do to avoid spending on unnecessary items.

Another point of it, we need to stop comparing ourselves to others, some people end up in debt because they want to copy their friends' lifestyles and buy the same products that those who are wealthier than them do. That's wasting of money because we earn more than each other, if we try to buy stuff we cannot afford, we will go broke, and we will end up in debt. It is not a good idea to get used to borrowing money because we will lose value to others.