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Author Topic: Not enough debt  (Read 175 times)
MarjorieZimmermanGinger
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Today at 03:23:38 PM
 #21

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.
Difficulty understanding the meaning you want to convey may have something to do with the language you use. Still from what I see it is related to loans and the level of difficulty to pay them when someone does not have a permanent job. If the loan is not productive then it should not be taken because it will cause problems in the future and many people misunderstand the meaning of the loan.

If it is related to the state, the debt will be imposed indirectly on the people and they will take any taxes. But if the relationship is with individuals taking loans to buy cars, mortgages and so on, it is a mistake. People take loans to increase success in ran business based on in-depth research and after they know the risks they decide to look for a loan.



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Promocodeudo
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Today at 03:40:58 PM
 #22

Right now I am almost debt free and on the contrary of popular belief, having debt is actually a good thing as long as the rates are low. People who hate debt usually don’t know how to use debt properly. If you use debt to grow your assets or business, then having debt can work wonders, especially if you are paying low interest. Only the fools borrow money to buy cell phones or cameras. Even buying a luxury car doesn’t make sense if you are taking a loan for it. If the money you borrow won’t bring you more money than your principle + interest, then your are scamming yourself.

To build a business from scratch is very difficult because it requires quite a bit of capital, we borrow or take out debt to start setting up a business, from there we rise. I think from here there are also benefits as long as we focus on what we are aiming for, but remember we have to pay in return. If we still have debt, we have to do more work to be able to pay it off, and that is very burdensome and we have to study at the beginning before going into debt. The fear is that in the middle of the journey our business will stop and what we have done will be useless, and that is the risk.

Accessing a loan facility to build a business is good but it depends on the business you want to establish, if it a physical business thats very lucrative it is fine because it involves individuals coming to patronize you and with your profit you can be able to pay back your loan but for you to pay back your loan as at when due, you should discipline yourself in other not to take any more from such business for any other purposes until you conclude your loan payment, some people are indebted because they fail to misunderstanding what repayment of debt is all about, before you borrow, you  should go for a market survey this will enable you to know the particular establishment or imvestment that will grow fast an help you to repay your debt.
I have heard some people saying that they will borrow to invest in Bitcoin but my personal advise has always been that you don't borrow to invest in a volatile asset, despite that it is profitable in the longterm, as an investor you can't be risking two things at the sam time.

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Today at 05:01:24 PM
 #23

World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.
Debts are no doubts very useful in financing economic projects both for the government and private individuals but if debts financing becomes an option, it should be done minimally because anything done in excess does not give good results. While advocating for more debts, you should be concerned about the personality or credit worthiness of the entity seeking for borrowed funds because such money will solve no problem if the debtor is not credit worthy, so it is better he/she didn't borrow at all. You should also be concerned about the stress that comes with repaying such debts. Such stress can be seen in the government's inability to fund some good social projects and essential services due to large budget deficits. There lots of negative effects that comes with taking debts, especially when the debtor becomes careless with the borrowed funds.

And to the individuals who rely on debts, repaying debts can be stressful also if not managed well. Doing two jobs just to be able to payoff debts is not a good standard, debts should be able to improve one's current status and make things easier. If the negative effect of debts outweighs the good side of it, then you should consider not borrowing at all.

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