Nobody don't want to borrow money but they need to do it

[savetheFORUM]

If we're going to use borrowed money to do something good, this is normal. Sometimes, capital may not be sufficient to start a business. We can raise sufficient capital by borrowing money, but the key here is to be certain we will make a profit. If we don't make a profit, repaying the borrowed money can be difficult. In such situations, it's essential to proceed with a solid plan.

As you mentioned, implementing these decisions isn't easy and requires thorough research. Business owners or individuals should proceed with a plan and strive to make the right decisions at every step when starting a new business.

Borrowing money has never been bad always use of this money is problem because as personal or country if this money is going to help sorted out problems and increasing way of flexibility this good, but mostly money is not going on right place which is the problem.

Recently many countries facing serious troubles as they are not able to complete few projects which can help them for having increasing their income and also helpful for common peoples they are taking loans but sadly due to corruption and miss use of this money things are not sorting out, and they are going in deep troubles.

Same happening with peoples those are taking loans but not doing right things facing mess-up in lives and also having more troubling lives which are surely not ideal situation for families as well.

[Crypto Library]

If we're going to use borrowed money to do something good, this is normal. Sometimes, capital may not be sufficient to start a business. We can raise sufficient capital by borrowing money, but the key here is to be certain we will make a profit. If we don't make a profit, repaying the borrowed money can be difficult. In such situations, it's essential to proceed with a solid plan.

As you mentioned, implementing these decisions isn't easy and requires thorough research. Business owners or individuals should proceed with a plan and strive to make the right decisions at every step when starting a new business.

I agree with you, many times it seems that you don't have the money to invest but you have the plan, ideas and skills to execute a successful business. Moreover, in emergency situations, I think you can take a loan. There is nothing wrong with that. However, when taking a loan, you should carefully check the amount before taking it so that you don't end up on the street if the business is unsuccessful.

And also we will call taking a loan bad only when it is for gambling or trading or to live a luxurious life and always  I am not going to prefer anyone to do this.

[bitzizzix]

If we're going to use borrowed money to do something good, this is normal. Sometimes, capital may not be sufficient to start a business. We can raise sufficient capital by borrowing money, but the key here is to be certain we will make a profit. If we don't make a profit, repaying the borrowed money can be difficult. In such situations, it's essential to proceed with a solid plan.

As you mentioned, implementing these decisions isn't easy and requires thorough research. Business owners or individuals should proceed with a plan and strive to make the right decisions at every step when starting a new business.

I agree with you, many times it seems that you don't have the money to invest but you have the plan, ideas and skills to execute a successful business. Moreover, in emergency situations, I think you can take a loan. There is nothing wrong with that. However, when taking a loan, you should carefully check the amount before taking it so that you don't end up on the street if the business is unsuccessful.

And also we will call taking a loan bad only when it is for gambling or trading or to live a luxurious life and always  I am not going to prefer anyone to do this.

Of course, borrowing can be a good thing and a solution if the goal is to make money, such as starting a business or becoming an entrepreneur, and also for investment if the investment has the potential to generate profits and you have expertise in that field.
However, it's better to borrow if you don't have sufficient capital, and the loan amount should not exceed your existing capital. And whenever possible, borrow after you've made every effort to increase your capital. If you're still short on capital, there's no harm in doing so if it's a solution. This goal is to reduce the burden of debt payments compared to the profits you generate from the good goals I mentioned above. You also have the ability to repay the loan if your profits are small, or even nonexistent, because we never know what will happen in the future, and this must be considered and taken into account.

[Crypto Library]

Of course, borrowing can be a good thing and a solution if the goal is to make money, such as starting a business or becoming an entrepreneur, and also for investment if the investment has the potential to generate profits and you have expertise in that field.
However, it's better to borrow if you don't have sufficient capital, and the loan amount should not exceed your existing capital. And whenever possible, borrow after you've made every effort to increase your capital. If you're still short on capital, there's no harm in doing so if it's a solution. This goal is to reduce the burden of debt payments compared to the profits you generate from the good goals I mentioned above. You also have the ability to repay the loan if your profits are small, or even nonexistent, because we never know what will happen in the future, and this must be considered and taken into account.

The reason I am saying this is because I have seen many people who have good skills and knowledge to start a business but have faced losses after running the business. Maybe their luck did not work here or due to political pressure, many people have faced losses in business or have to close their business. In this case, many have had to sell their residence or property due to the pressure of a large number of loans. And that is why I am saying this in this case that while taking a loan, the amount should be a normal amount that will not put you on the street if the situation gets worse. Because  I have seen that due to the covid-19 pandemic, many businessmen have gone on the street for loans.

[GiftedMAN]

Instead of borrowing, it would be better for one to look for something that can generate money; no matter how small it may be, it is still better than relying on borrowing money to feed. One of the difficult things to do is to pay debts. It is very easy to spend borrowed money, but to pay it off, that is where the problem lies.

It is nobody's wish to be depending on borrowing money to feed but life happens and until it hits you hard you would never understand the pains people go through just to eat so that they wouldn't die or hunger. If the opportunity comes to have  little things that pays the bills for feeding it's an opportunity to grab it and not depend on borrowing to feed it's very difficult to pay back when you have got nothing doing. If you have works then borrowing for anything wouldn't be a problem cause you have the means or paying back.

[bitzizzix]

Of course, borrowing can be a good thing and a solution if the goal is to make money, such as starting a business or becoming an entrepreneur, and also for investment if the investment has the potential to generate profits and you have expertise in that field.
However, it's better to borrow if you don't have sufficient capital, and the loan amount should not exceed your existing capital. And whenever possible, borrow after you've made every effort to increase your capital. If you're still short on capital, there's no harm in doing so if it's a solution. This goal is to reduce the burden of debt payments compared to the profits you generate from the good goals I mentioned above. You also have the ability to repay the loan if your profits are small, or even nonexistent, because we never know what will happen in the future, and this must be considered and taken into account.

The reason I am saying this is because I have seen many people who have good skills and knowledge to start a business but have faced losses after running the business. Maybe their luck did not work here or due to political pressure, many people have faced losses in business or have to close their business. In this case, many have had to sell their residence or property due to the pressure of a large number of loans. And that is why I am saying this in this case that while taking a loan, the amount should be a normal amount that will not put you on the street if the situation gets worse. Because  I have seen that due to the covid-19 pandemic, many businessmen have gone on the street for loans.

Yes, if it's due to the factors you mentioned or the COVID-19 pandemic, you're right. Everyone does it because they have no other choice. Some are forced into bankruptcy and debt for various reasons, such as borrowing to pay debts, pay employees, and other reasons, depending on their business and circumstances.
However, under normal circumstances, as I mentioned, it's all for the best. I've been through it myself, and what I call debt is nothing more than seeking available capital by finding other ways to minimize the amount of borrowing needed, such as selling something valuable or other ways to raise capital. And if that's still not enough, a loan is the best solution, so try to avoid debt as much as possible. If that's still not enough, and perhaps only a few percent are left, say 35% or 25%. And that's a small loan, and you definitely have the ability to repay it because low interest rates allow for higher business profits after you've paid off the installments.

[Crypto Library]

Yes, if it's due to the factors you mentioned or the COVID-19 pandemic, you're right. Everyone does it because they have no other choice. Some are forced into bankruptcy and debt for various reasons, such as borrowing to pay debts, pay employees, and other reasons, depending on their business and circumstances.
However, under normal circumstances, as I mentioned, it's all for the best. I've been through it myself, and what I call debt is nothing more than seeking available capital by finding other ways to minimize the amount of borrowing needed, such as selling something valuable or other ways to raise capital. And if that's still not enough, a loan is the best solution, so try to avoid debt as much as possible. If that's still not enough, and perhaps only a few percent are left, say 35% or 25%. And that's a small loan, and you definitely have the ability to repay it because low interest rates allow for higher business profits after you've paid off the installments.

The Covid-19 pandemic created an economic crisis all over the world. In my country, many businessmen lost everything. Only those who did business in the medical sector were able to continue their business to some extent during this time, while the situation for the rest was dire.

And lastly, I agree with what you said because taking a loan is not a bad thing if you have no other way but to recover rather than going completely broke. I have already said that taking a loan is only bad when we spend it on unnecessary expenses.

[doomloop]

I see it as recycling of debts, it's something unplanned but the need is what warrant it and we are left with no choice than to loan or borrow and then due to high interest rate we may find it hard to pay back. I think borrowing for useful reasons is better of more especially borrowing to either start or boost ones business but paying close attentions to everything to avoid accrued high interest rate would be life saving.

Basically, inflation allows this, and if you live in a nation with higher inflation and rates are not changing much, it actually works. How? Well you make a 100, take a 120 debt, you can't pay, then you get to next year, you start to make 120, you can pay, due to inflation, so you pay, but get 150 now, which you can't pay, then you get to next year, start making 150, can pay, so you get 180 next.

See the pattern there? It's clear that we are not going to end up with trouble that much if we know what we are doing or dealing with. Most people do not deal with this kind of debt thinking with inflation. Most of the time the way to improve your life is to make money this kind of way, if you do it then you can get richer with time.

[LDL]

You will borrow only If crisis hits hard your face.
wars the defence is your reason to borrow, because world is run by survivel.
World holding up just the dead dollar system for dollar we sacrafice a lot more things.

I am currently in such a situation, especially since I was in dire need of money due to a personal and family crisis, but I was unable to raise it anywhere else, so I finally took a loan from the bank. People are never forced to take loans voluntarily or without need, but when the need of people comes in such an acute form that they are forced to take loans. Nowadays, people have become so mechanical that no one comes forward to help anyone, no one wants to lend money to anyone. In this situation, the bank is the only way where you can meet your needs by taking a loan at high interest. In this case, the bank authorities will never force you, but you yourself will be forced to take a loan voluntarily.

[bettercrypto]

I think it's okay to borrow money if it's going to be used for emergency purposes for the family. However, the problem with some borrowers is that it becomes a habit,
especially for those with regular jobs, where they just use the borrowed money to buy impractical things.

There are people like that, and there are others who borrow money to use for an investment, thinking they will profit in the short term,
but it ends up just being a scam or they become a victim of an investment opportunity, which is also not good.

[DaNNy001]

There are people that actually borrow money for luxury purposes like building a house, buying a car and purchasing other things.. it's possible for them to have plans on how to get back the money but sometimes when things don't go according to plan they end up in debt but this is an irresponsible behavior... some people don't really want to borrow money but they are pushed to do it because of their financial situation and the bad economy...The worst thing anyone can do is to borrow money that requires interest payment when you don't have anything you are doing to earn money

[Wonder Work]

Many people borrow money and do not promise to pay it back later, while the person who lent it also gets into trouble. It is seen that there is a lot of trouble with this money because the person who lent the money makes various excuses, even when he wants the money back, but he delays paying the money. The person who lent the money becomes an enemy to the person who lent the money while asking for the loan.
Their relationship gets ruined in the middle, so one should be careful about the money transactions and not do them with him. This money is what causes cracks in relationships with people and creates problems. However, not everyone is the same. When people face difficulties, they can borrow for their needs, but many people make it their habit to be careful about these.

[GiftedMAN]

The worst thing anyone can do is to borrow money that requires interest payment when you don't have anything you are doing to earn money

How will someone who doesn't have an investment and source to pay back loan even borrow money that involves interest? It is risky and the person may be landing himself into trouble because when the loan is overdue the owner will seek for his money and if he doesn't pay back he can be arrested and charged to court. If there is no way to pay back loan it is not advisable to borrow money from anyone it could land someone in jail.

[dunfida]

Yes, if it's due to the factors you mentioned or the COVID-19 pandemic, you're right. Everyone does it because they have no other choice. Some are forced into bankruptcy and debt for various reasons, such as borrowing to pay debts, pay employees, and other reasons, depending on their business and circumstances.
However, under normal circumstances, as I mentioned, it's all for the best. I've been through it myself, and what I call debt is nothing more than seeking available capital by finding other ways to minimize the amount of borrowing needed, such as selling something valuable or other ways to raise capital. And if that's still not enough, a loan is the best solution, so try to avoid debt as much as possible. If that's still not enough, and perhaps only a few percent are left, say 35% or 25%. And that's a small loan, and you definitely have the ability to repay it because low interest rates allow for higher business profits after you've paid off the installments.

The Covid-19 pandemic created an economic crisis all over the world. In my country, many businessmen lost everything. Only those who did business in the medical sector were able to continue their business to some extent during this time, while the situation for the rest was dire.

And lastly, I agree with what you said because taking a loan is not a bad thing if you have no other way but to recover rather than going completely broke. I have already said that taking a loan is only bad when we spend it on unnecessary expenses.

Taking loans would be only that worth if we do make use of it on applying it into making some business or investment, but if you are that taking up a loan just to buy with those liabilities then you are just that simply digging your own grave. Its important that whenever you are deciding on taking up a loan then it will be that recommended that you should make use of it on something that could benefit you in the future or in long term. You shouldnt be that making yourself that getting tied up into buying those shit things that doesnt benefit you out. There are just that those times that you are that wanting to buy something because of this and that but you should be always considerate into the potential effects on which it could happen into your life. Always make sure that your decisions wont be putting you out into a tough situation.

Businesses on those pandemic times then you can be able to pinpoint on which one will be able to survive out those times and becomes profitable. Each situation will be having that corresponding effect on things around, so it is that being anticipated on this case.

[Wakate]

Instead of borrowing, it would be better for one to look for something that can generate money; no matter how small it may be, it is still better than relying on borrowing money to feed. One of the difficult things to do is to pay debts. It is very easy to spend borrowed money, but to pay it off, that is where the problem lies.

It is nobody's wish to be depending on borrowing money to feed but life happens and until it hits you hard you would never understand the pains people go through just to eat so that they wouldn't die or hunger. If the opportunity comes to have  little things that pays the bills for feeding it's an opportunity to grab it and not depend on borrowing to feed it's very difficult to pay back when you have got nothing doing. If you have works then borrowing for anything wouldn't be a problem cause you have the means or paying back.

There are time when we might find ourselves in a difficult situation that could warrant you to get a loan to solve emergency problems as soon as a posible without delaying. People are passing through a lot, pains due to poor salary, bad government and ignorance of not getting signal of what's happening in your environment. There are so many businesses we can do that will yield a lot of profit but the problem can be due to not enough information that can change one's life.

[AGogi2003]

The worst thing anyone can do is to borrow money that requires interest payment when you don't have anything you are doing to earn money

How will someone who doesn't have an investment and source to pay back loan even borrow money that involves interest? It is risky and the person may be landing himself into trouble because when the loan is overdue the owner will seek for his money and if he doesn't pay back he can be arrested and charged to court. If there is no way to pay back loan it is not advisable to borrow money from anyone it could land someone in jail.

Is difficult to pay back loans when you don't have anything doing, and loans that usually have interest will always put you in trouble when you don't have money to repay. But I notice that if you are not doing anything, and they see you don't have anything that will be bringing money to your table, they will never borrow you the money. That is why is always good someone to have business or skills that he will be doing that will help him to be generating money and get to solve his little problems. Getting loans is not bad but you should have something doing that will help you pay back when is dew so that you won't find your self in new problem.

[batang_bitcoin]

Interest rates play a part on it. If the interest rates aren't that much then many will keep on borrowing. The ballooning debt of most countries is actually problematic. I don't wanna to be part of this cycle that my life will just revolve with borrowing. While the government keeps on producing cash out of thin air, we are the ones suffering with the inflation that they create. Well, if there is going to be another global trend that will happen, many just wishes that this ballooning debt will be erased on an instant and we'll have an actual reset.

[mvdheuvel1983]

There are people that actually borrow money for luxury purposes like building a house, buying a car and purchasing other things.. it's possible for them to have plans on how to get back the money but sometimes when things don't go according to plan they end up in debt but this is an irresponsible behavior... some people don't really want to borrow money but they are pushed to do it because of their financial situation and the bad economy...The worst thing anyone can do is to borrow money that requires interest payment when you don't have anything you are doing to earn money

Borrowing to finance a project that will give you money to pay back your loan after selling it is not a problem infact the essence of borrowing money should be to invest in a profit giving business that will generate more money to continue other projects but it becomes a problem if the aim of borrowing the money is not achieved as a result of business taking a different turn in this case going into debt will be the case but if the property is insured there will always be a solution to the problem. If you borrow to spend on self and it requires interest, not having means of payment becomes a problem because the lender will keep asking for his money.

[Fara Chan]

Is difficult to pay back loans when you don't have anything doing, and loans that usually have interest will always put you in trouble when you don't have money to repay. But I notice that if you are not doing anything, and they see you don't have anything that will be bringing money to your table, they will never borrow you the money. That is why is always good someone to have business or skills that he will be doing that will help him to be generating money and get to solve his little problems. Getting loans is not bad but you should have something doing that will help you pay back when is dew so that you won't find your self in new problem.

That's part of the steps each of us must take before considering taking out any loan. Lenders will also look at our assets and the business we run so they can trust us to lend without unnecessary worries. And what you say is true. If we don't have any business to repay the loan, it's best not to take out any loan, even though lenders won't readily approve our requests if they know we have nothing. Therefore, starting your own business in a simple and gradual manner is a necessary step before considering a loan to build a larger business in the future.

Before starting, every business owner must first know their monthly sales so they can calculate their own budget when considering a loan. This is part of preventing yourself from getting into trouble, as difficulties often arise from not knowing your own ability to repay a loan with a fixed term, which always accrues interest each month.

[Crypto Library]

Taking loans would be only that worth if we do make use of it on applying it into making some business or investment, but if you are that taking up a loan just to buy with those liabilities then you are just that simply digging your own grave. Its important that whenever you are deciding on taking up a loan then it will be that recommended that you should make use of it on something that could benefit you in the future or in long term. You shouldnt be that making yourself that getting tied up into buying those shit things that doesnt benefit you out. There are just that those times that you are that wanting to buy something because of this and that but you should be always considerate into the potential effects on which it could happen into your life. Always make sure that your decisions wont be putting you out into a tough situation.

Businesses on those pandemic times then you can be able to pinpoint on which one will be able to survive out those times and becomes profitable. Each situation will be having that corresponding effect on things around, so it is that being anticipated on this case.

That's why I'm not against taking a loan, but it has to be reasonable. As I've already mentioned, most people have suffered losses in their businesses during the global pandemic caused by Corona, and now if they take a loan to recover, then I certainly wouldn't call it a bad thing.

I would say bad is when we waste money and try to take loans, I have seen many people who have spent their entire salary that month on gambling and later took loans from other people, that too at high interest rates. Of course, I dislike taking loans in such cases.