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Re: Avoid Borrowing for Buying

Postby Pistis » 20 Nov 2023, 02:24

eldavis wrote:Borrowing is one thing i would never really encourage anyone to do, especially when it comes to borrowing just to buy something you would consume.
That's even the worst part if everything. If you are borrowing to do a business, could be more understandable.
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Re: Avoid Borrowing for Buying

Postby King Belieal » 20 Nov 2023, 07:04

Even borrowing for business is risky, not to talk more of borrowing to buy consumers goods. That's financial irresponsibility. Things that are above your financial level are above. Don't stretch.
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Re: Avoid Borrowing for Buying

Postby JASPREET » 20 Nov 2023, 08:38

They are silly people who borrow money to buy basic and other things that are not even important
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Re: Avoid Borrowing for Buying

Postby Tinni » 21 Nov 2023, 05:26

JASPREET wrote:They are silly people who borrow money to buy basic and other things that are not even important
Those ones are just the tip. I have people around me who would gladly borrow money to go gamble.
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Re: Avoid Borrowing for Buying

Postby JASPREET » 06 Jan 2024, 04:38

Gambling is like an addiction and they always feel they will earn more from gambling and will then be able to return money and have some money for themselves too
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Re: Avoid Borrowing for Buying

Postby SHAHID987 » 06 Jan 2024, 04:50

I see so many people those who borrow money to buy a new mobile. I always remain shocked by seeing this because one can sacrifice his some needs instead of fulfilling it by borrowed money.
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Re: Avoid Borrowing for Buying

Postby Kalayla » 06 Jan 2024, 07:19

SHAHID987 wrote:I see so many people those who borrow money to buy a new mobile. I always remain shocked by seeing this because one can sacrifice his some needs instead of fulfilling it by borrowed money.
If they are borrowing to buy a new mobile device that they use to earn, there is nothing wrong with that.
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Re: Avoid Borrowing for Buying

Postby JASPREET » 06 Jan 2024, 08:31

I am also aware of many that have this habit and they just like to look good or enjoy luxuries of life and don't mind borrowing for that
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Re: Avoid Borrowing for Buying

Postby Treborika » 06 Jan 2024, 09:21

The best thing to do here is taking loans on Sacco's to purchase the desired items and repay the loans promptly.
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Re: Avoid Borrowing for Buying

Postby JASPREET » 17 Jan 2024, 08:41

Although if you are good at investing and like to borrow for it then its fine if you are confident of the result
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Re: Avoid Borrowing for Buying

Postby olaniyi » 18 Jan 2024, 20:03

Normally it very bad to borrow to buy a good that is not much compulsory for our need
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Re: Avoid Borrowing for Buying

Postby JASPREET » 19 Jan 2024, 08:53

I am now more interested in investing and looks like this is the only way that can make me do well in life and I won't mind to borrow money to invest
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