Quote from Heatman on October 20, 2023, 9:31 pm

I have never borrow money from anywhere in my life and I hope that it stays so for the rest of my life. I always make sure to have and make use of my own money. 

Quote from jeruweb3 on October 20, 2023, 9:45 pm

I have learned my lesson after borrowing from my immediate family to invest in cryptocurrency, only to experience a loss. From that point forward, I've made a firm commitment to never borrow again, no matter the circumstances. It took me a full year to repay them, but now I firmly stand by the principle that 'if I don't have it, I won't borrow it.

Quote from Henrywrites on October 20, 2023, 10:39 pm

I would rather be patient and make the funds that I need to handle a business or some investment opportunities instead of borrowing.  When you borrow, you are putting yourself in a tight corner where you are being made to pay at a particular time. So, it doesn't make a whole sense to me to borrow and be under pressure to pay up. 

Quote from Heatman on October 20, 2023, 11:48 pm

Quote from jeruweb3 on October 20, 2023, 9:45 pm

I have learned my lesson after borrowing from my immediate family to invest in cryptocurrency, only to experience a loss. From that point forward, I've made a firm commitment to never borrow again, no matter the circumstances. It took me a full year to repay them, but now I firmly stand by the principle that 'if I don't have it, I won't borrow it.

Never borrow money to invest in cryptocurrency for any reason whatsoever. Cryptocurrency most of the time is a long term project and you can't say for sure how price movement is going to be. If it doesn't go your way, you're definitely going to lose and be in debt. 

Quote from Ja sa bong on October 21, 2023, 6:12 am

Quote from Heatman on October 20, 2023, 9:31 pm

I have never borrow money from anywhere in my life and I hope that it stays so for the rest of my life. I always make sure to have and make use of my own money. 

Borrowing money is like selling your soul to the devil. If you don't have a very good payment plan on how to clear the loan, it will stuck on your neck. You're going to find it impossible to pay it back. 

Quote from Heatman on October 21, 2023, 7:39 am

Quote from Henrywrites on October 20, 2023, 10:39 pm

I would rather be patient and make the funds that I need to handle a business or some investment opportunities instead of borrowing.  When you borrow, you are putting yourself in a tight corner where you are being made to pay at a particular time. So, it doesn't make a whole sense to me to borrow and be under pressure to pay up. 

This have been the same way that I have been using my money for anything that I need to have taken care of with money. I can never sleep well knowing that I'm owing a loan with interest on it. I can never do that to myself. 

Quote from Ja sa bong on October 21, 2023, 10:41 am

Quote from Henrywrites on October 20, 2023, 10:39 pm

I would rather be patient and make the funds that I need to handle a business or some investment opportunities instead of borrowing.  When you borrow, you are putting yourself in a tight corner where you are being made to pay at a particular time. So, it doesn't make a whole sense to me to borrow and be under pressure to pay up. 

I hate being under pressure too especially a pressure which I brought upon myself. If I want to start a business, I will save money for it. If it takes me 1 year to save the money for it, I will do it that way. 

Quote from Henrywrites on October 21, 2023, 2:27 pm

It is the pressure that comes with it that has made me not to be borrowing money from financial institutions. The plans that you setup might not be working as you expect and that is something that will end up affecting you paying up the loan.