Debt Management.

[Fara Chan]

What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.

Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do.

Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.

Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back.

[Bravut]

What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.

Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do.

Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.

Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back.

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

[stomachgrowls]

What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.

Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do.

Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.

Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back.

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

When you are considering on taking up some loan on opening up a business then it would be situational because there are really those people who cant be able to make some start up due to financial condition.
Pretty sure that you are really that wary about having debts is never been that good but since you dont have that option then you do came up with this last resort step on which you could potentially be able to start up on the things that you do really be having in mind on where you would really be making up some business with a loan money. The only main problem on this one is that you cant really be able to know whether your business would really be succeeding or not.

How you would really be able to pay up those dues? How you would really be able to return those money in time if your business turned out to be failing or isnt generating that sufficient income or profit?
These are ones of the things that you should be thinking before taking up any loan on where having these considerations will really be definitely be telling you whether you should be getting one
or not. Making up some decisions wont really be that too easy specially into this condition but since we do need to take up some risks to earn something then this is why other people would
really be going into this path.

[Zackz5000]

What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.

Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do.

Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.

Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back.

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

If you are not borrowing money to start up a business then what are you borrowing money for? Is it for daily consumption? Or other unnessery things that won't yeild out profit? Borrowing money to start up a business really worth it because it will definitely generate income that will enable the debtor clear off his or her debt. So in my perspective I don't see borrowing money to start up a business as a bad idea because what you borrowed the money for is not a liability but equally an asset unless such person lacks mismanagement of income that he or she will regret optioning for a loan to start up a business.

[Samlucky O]

[edite out]

yea that's why I said aside bitcoin, land and houses is another volitille assets we shouldn't forget that even as we preach about bitcoin, we should also think of diversification, not only in digital assets like bitcoin but some other physical investment too. it is often said that we should not put all our eggs in one basket, to avoid total loss when the worst case scenario happens which we pray not to.

There is no need to diversify for the sake of diversification.   Surely after one starts to build his wealth there might be some needs for diversification, but in the beginning of investing, and even the first few years there might not be enough to diversify, so it will depend on how much he has and if he has built a decent sized investment portfolio when diversification starts to make more sense.
And since you mentioned, digital assets, there is no need to diversify into shitcoins, so careful when you go down that path of thinking.

of course I am being very careful here sir, I know the implications involve in daversifying into shitcoin and my explanation does imply such, and I will never be distracted in any way since I know the path am following, of course bitcoin Presisly.

At the start of an investment even if you have enough money, diversification may not be necessary but to make sure that you stabilize and take your first investment to a certain length  whereby even if you diversify to other things it won't affect your first investment.

there is no need of waiting too long or procrastination as procrastination may Leed to regret in due time. when you have made some reasonable amount you can start bitcoin investment immediately provided that your fund can be able to strike a balance between investing in Bitcoin and setting aside a reserved or discretionary and float, to be able to maintain it  for a long term,  then you are good to go. not waiting to be like some sort of Elon Musk before investing, investing earlier gives you the opportunity to accumulate more stash to your bitcoin portfolio and you will be at advantage because the amount you invested in bitcoin stand a chance of creating more wealth in future than having your fund in fiat which will depreciation in value due to inflation.

Some people don't pay much attention to their first investment simply because they feel more comfortable in the one they diversified to but it is wrong to discard something that lifted you up and made wey for you to own other investments.
There is no digital asset that one can diversify to in the modern age that is better than Bitcoin.

the reason most persons don't pay much attention to their first investment is that it depends on the type of investment. let me say if the first investment was building a house for rentage or buying a land yes it could be an investment but such Investment is just a fixed asset which can be yeilding income just like other form of business which provides income but not every day but annually or 6 month intervals, so such asset is liable to be left un-concentrated and surely focus on investment like bitcoin. if the person has an alternative like a job that pays him on a regular basis he may as well be using the amount from the house rent annually and his money from his job to invest in bitcoin but surely figure out a way to program his investment.

[avp2306]

What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.

Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do.

Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.

Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back.

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

If you are not borrowing money to start up a business then what are you borrowing money for? Is it for daily consumption? Or other unnessery things that won't yeild out profit? Borrowing money to start up a business really worth it because it will definitely generate income that will enable the debtor clear off his or her debt. So in my perspective I don't see borrowing money to start up a business as a bad idea because what you borrowed the money for is not a liability but equally an asset unless such person lacks mismanagement of income that he or she will regret optioning for a loan to start up a business.

Depends if your business model is already working and if you have established market since that borrowed amount will help you to maximize everything and can help you to became more bigger. But for new brands and trying to find their market also don't know if their ideas or product will be supported by people? I guess taking loan is really a risky option to take since there is a higher chance that their business will collapsed in this case and this is double problems that they need to face that's why its better to relax yourself first and don't take any unwanted decision since you might be in trouble paying your debts if bad events happen. I guess this is proper debt management and you need to think a lot more times before partaking decisions since its hard to recover back once we fall and we need to be wise on where we use our borrowed money so that there will be no issue will occur on our side.

[slapper]

What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.

Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do.

Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.

Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back.

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

When you are considering on taking up some loan on opening up a business then it would be situational because there are really those people who cant be able to make some start up due to financial condition.
Pretty sure that you are really that wary about having debts is never been that good but since you dont have that option then you do came up with this last resort step on which you could potentially be able to start up on the things that you do really be having in mind on where you would really be making up some business with a loan money. The only main problem on this one is that you cant really be able to know whether your business would really be succeeding or not.

How you would really be able to pay up those dues? How you would really be able to return those money in time if your business turned out to be failing or isnt generating that sufficient income or profit?
These are ones of the things that you should be thinking before taking up any loan on where having these considerations will really be definitely be telling you whether you should be getting one
or not. Making up some decisions wont really be that too easy specially into this condition but since we do need to take up some risks to earn something then this is why other people would
really be going into this path.

If the business fails, the loan is a legitimate concern. However, you don't take on debt without a strategy. You must first know your stuff. Do people want what you sell? Who else exists? You need a sound business plan, not bullshit. You prepare for battle with financial predictions and contingency plans. Loans aren't everything. Angel investors and crowdfunding are choices. They may offer expertise and connections in addition to cash

After getting a loan, don't merely spend it. Goals and milestones must be tracked relentlessly. You should reconsider if you're not meeting those goals. Loan defaults aren't just financial losses; they leave a scar on your record. With the pin pulled, treat that debt like a live grenade

[Fara Chan]

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

Why would it be a bad idea if the money lent is placed into a business that has been running for a long time and already has regular monthly income even though the category still looks like a baby? I think you don't realize and don't really understand that nowadays there are so many people who are willing to borrow to make their business more advanced and more developed with payment agreements that have been determined over their respective times.

And if you believe in wise money management to increase more profits through money itself, of course you also have to be able to manage a business so that your money can increase. Because money that is saved and looked after properly will never increase and can even result in a depreciation of the value of the money itself, whereas money that will only be consumed on a daily basis will definitely run out without any leftover even if you consume it super wisely

[bots1]

For some people, they are in debt and unable to pay it because they don't manage their finances in productive activities, so in the end it will be difficult for themselves. However, it would be better if in this life we did not get into debt, especially for unproductive purposes. It's better to live as we are so that without debt, our lives will be safest from various negative things that we ourselves cannot handle.

[Zackz5000]

[edite out]

yea that's why I said aside bitcoin, land and houses is another volitille assets we shouldn't forget that even as we preach about bitcoin, we should also think of diversification, not only in digital assets like bitcoin but some other physical investment too. it is often said that we should not put all our eggs in one basket, to avoid total loss when the worst case scenario happens which we pray not to.

There is no need to diversify for the sake of diversification.   Surely after one starts to build his wealth there might be some needs for diversification, but in the beginning of investing, and even the first few years there might not be enough to diversify, so it will depend on how much he has and if he has built a decent sized investment portfolio when diversification starts to make more sense.

And since you mentioned, digital assets, there is no need to diversify into shitcoins, so careful when you go down that path of thinking.

At the start of an investment even if you have enough money, diversification may not be necessary but to make sure that you stabilize and take your first investment to a certain length  whereby even if you diversify to other things it won't affect your first investment. Some people don't pay much attention to their first investment simply because they feel more comfortable in the one they diversified to but it is wrong to discard something that lifted you up and made wey for you to own other investments.
There is no digital asset that one can diversify to in the modern age that is better than Bitcoin.

Diversification all depends on individual mindset, for me I don't think diversification is a bad idea because it gives an investor more room for divers source of income for is not always good to place all our eggs in one basket for it so somehow risky, you can decide to have 2 to 3 source of income at the start of an investment because there is enough money to do this. For It is when there is no enough money to diversify into other businesses that you might see it not necessarily to diversify because there is no enough fund to do that .

[leonair]

For some people, they are in debt and unable to pay it because they don't manage their finances in productive activities, so in the end it will be difficult for themselves. However, it would be better if in this life we did not get into debt, especially for unproductive purposes. It's better to live as we are so that without debt, our lives will be safest from various negative things that we ourselves cannot handle.

Debt can sometimes do us many good things but it is also a terrible thing for us.  If you pay your day's money on time, it won't bother you too much if you get paid back with some interest.  But if you borrow an amount that you cannot afford to pay back, then it will lead to a very bad experience for you. Because the longer you take to repay debt, the more interest you will have to pay. That's why learning about debt management is so important if you want to deal with debt in your life

[Jody.Drummer]

For some people, they are in debt and unable to pay it because they don't manage their finances in productive activities, so in the end it will be difficult for themselves. However, it would be better if in this life we did not get into debt, especially for unproductive purposes. It's better to live as we are so that without debt, our lives will be safest from various negative things that we ourselves cannot handle.

Of course, borrowing money must be for a clear reason, such as to start a business, for example. In fact, taking out a loan is not bad if it is for the right thing, such as opening a business, which can be profitable for a long time as long as you persevere and manage it well in various aspects, including your finances. If they can run a business or the business they are running, maybe it will be profitable and with good money management, of course it can make them pay off the loans they have made. Also, we should be able to pay off the loans we make, even if we don't have income or earnings, but there is no exception when borrowing money has to be repaid.

If they borrow money for things they shouldn't, such as to fulfill their desire to be stylish by owning luxury goods or property, that is of course not recommended. borrowing money just for the sake of it will only make things difficult for us in the future, therefore before borrowing money we must be able to see what we will do with the money from the loan. Don't borrow money but use it for things that are not clear. It's true what you say, it's better for us to live just as we can, don't force yourself to look luxurious to many people, because that's not profitable in my opinion.

[KeenanEl19]

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

It's not always bad to borrow money to open a business, I don't think that's true. Even though we don't know whether the business we are running will be successful or not, we should do our best so that the business we run will be successful and profitable. Financial problems are a common thing, but when you have the determination and intention to start a business but don't have the money, don't let that be the end of everything.

try as hard as possible to achieve what you want, and basically we have to do our best for good results. Even if you can take out a loan, that's no problem, but you have to be able to take full responsibility for it even if the business you run fails. but what is clear is that no one runs a business with the goal being to fail.

[Proty]

Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business.

Though, anyone with right money management will scale up and wisely use the allocated funds.

It's not always bad to borrow money to open a business, I don't think that's true. Even though we don't know whether the business we are running will be successful or not, we should do our best so that the business we run will be successful and profitable. Financial problems are a common thing, but when you have the determination and intention to start a business but don't have the money, don't let that be the end of everything.

try as hard as possible to achieve what you want, and basically we have to do our best for good results. Even if you can take out a loan, that's no problem, but you have to be able to take full responsibility for it even if the business you run fails. but what is clear is that no one runs a business with the goal being to fail.

We all know that  the aim of starting any business is to make profit but don't undermine the possibilities of failure. so taking loan to start up a new business is something I won't advice someone to do rather I will advise that you start up with the little capital you have them as time goes by you can take loan to expand the business . great Thomas Edison that discovered the incandescent lamp, just imagine he started this project with borrowed money and also don't forget he failed ten thousand times before he was able to get the desired results. If he had started this project with borrowed money the momentum wouldn't have been there, he would have given up long ago without achieving his aim and he would have been in debt. so borrowing money to Start up a business to me is not ideal so always start with the little you have.

[junder]

For some people, they are in debt and unable to pay it because they don't manage their finances in productive activities, so in the end it will be difficult for themselves. However, it would be better if in this life we did not get into debt, especially for unproductive purposes. It's better to live as we are so that without debt, our lives will be safest from various negative things that we ourselves cannot handle.

even with those who borrow money, it already indicates that they cannot manage their finances well, but perhaps there are some people who borrow money for urgent needs such as medical treatment or perhaps opening a business, but of course what you say is true with those who are in debt and don't able to pay it, maybe they can't manage their finances well so they experience difficulties when they borrow money for who knows what purpose. but if we have borrowed money then it is our obligation to be able to pay it off because it is our responsibility to do so.

It's true that life will be calmer if we don't have debt. I myself recommend that as much as possible, don't have debt, especially in large amounts, because it will only make our lives difficult in the future.  Living in debt will certainly make us feel like we are being chased by ghosts. Anxiety will continue to haunt us, but we should pay it off no matter what, apart from that, it's better to think about it first if we're going to borrow money so we don't regret it later.

[cryptoWODL]

For some people, they are in debt and unable to pay it because they don't manage their finances in productive activities, so in the end it will be difficult for themselves. However, it would be better if in this life we did not get into debt, especially for unproductive purposes. It's better to live as we are so that without debt, our lives will be safest from various negative things that we ourselves cannot handle.

Debt sometimes helps us to do good things but sometimes it becomes terrible for us. It becomes scary for us if we are not able to repay the loan on time. I think Debt is as good as it is terrible.

Many people take loans and use them for various purposes, but those who take loans and use them in productive activities i.e. business or job, earn money from it and will be able to repay their loans on time. There are also many who take loans and spend their money in dishonest ways like gambling as a result of which they cannot repay the loan properly. So if you borrow money or take a loan from people it is right but you use it for the right purpose and be aware so that you are able to repay the loan before time.

[Essential10]

When I hear the word loan, I remember the people of my country and the economic infrastructure of the country. I am talking about my country, the poor and middle class people of my country take loans from various banks or NGOs. Debt benefits people in one way and also harms a lot. The lower class people of our country have to take loans and pay extra money to their NGO organizations. Poor people take loans for their personal needs or to find small employment but unable to repay the loan properly, they have to sell their last possessions to repay the loan. A debt crisis can also have serious consequences for a country's economy, including high levels of unemployment and reduced living standards of the population. Once he gets into debt, his life becomes miserable in the future. A country or people should take on debt only when you can see that you will be able to handle it in the future.

[Cryptoprincess101]

For some people, they are in debt and unable to pay it because they don't manage their finances in productive activities, so in the end it will be difficult for themselves. However, it would be better if in this life we did not get into debt, especially for unproductive purposes. It's better to live as we are so that without debt, our lives will be safest from various negative things that we ourselves cannot handle.

Debt is very bad, it only takes someone that took a loan an is unable to pay back due to some financial constraints that will understand what am saying because the pressure alone that your lender will place on you can make you run into emotional trauma and feel like a failure that is why we should be contented with what we have and work hard, earn money of your own and open business and investment with your personal money so that you don't get depressed when you take a loan and not able to pay back.

[StreakW]

Borrowing or going into debt will indeed be a burden that is not so easy to deal with because sometimes it will come into contact with its own emotional side. There are critical moments in our economy or family because the amount of debt is very large and can have fatal consequences for the integrity of the household. Therefore, never borrow beyond your means and even if you want to borrow, always try to have savings so you can pay it off in the future.

[KeenanEl19]

It's not always bad to borrow money to open a business, I don't think that's true. Even though we don't know whether the business we are running will be successful or not, we should do our best so that the business we run will be successful and profitable. Financial problems are a common thing, but when you have the determination and intention to start a business but don't have the money, don't let that be the end of everything.

try as hard as possible to achieve what you want, and basically we have to do our best for good results. Even if you can take out a loan, that's no problem, but you have to be able to take full responsibility for it even if the business you run fails. but what is clear is that no one runs a business with the goal being to fail.

We all know that  the aim of starting any business is to make profit but don't undermine the possibilities of failure. so taking loan to start up a new business is something I won't advice someone to do rather I will advise that you start up with the little capital you have them as time goes by you can take loan to expand the business . great Thomas Edison that discovered the incandescent lamp, just imagine he started this project with borrowed money and also don't forget he failed ten thousand times before he was able to get the desired results. If he had started this project with borrowed money the momentum wouldn't have been there, he would have given up long ago without achieving his aim and he would have been in debt. so borrowing money to Start up a business to me is not ideal so always start with the little you have.

Of course, failure is likely to occur because those who are successful in their business are bound to experience failure, it is impossible for the flow to be so smooth without problems hampering their business. developing the skills we have is good because we should also develop the skills we have to be able to produce something good. However, on the other hand, not everyone has good skills, maybe they do have skills that need to be honed to become more mature. but I think that with business, sometimes you have to take risky actions, even though you or other people don't recommend starting a new business with borrowed capital, but I'm sure of course in your environment now there are definitely people who start businesses by borrowing capital, even with businesses that are already growing. from those who are still involved in debts and receivables. As long as we believe we can succeed by doing our best, I don't think it's a problem as long as it doesn't harm other people.

I respect your opinion because everyone has their own thoughts and perceptions, everyone has the right to do what they want and as long as it doesn't harm other people, that's fine.