Post
Topic
Board Economics
Re: Dont just borrow money but for the right reason
by
geegaw
on 23/12/2021, 15:56:14 UTC
Not every rich people made returns from their every investments, I read somewhere the best ever and most successful investor of all time who is Warren Buffett even have the success rate of 6 or 7 out of 10 means you can still lose no matter how good your investment plan is. Never borrow money to invest, just make money and start investing. Life is simple but don't complicate it with things which you can't actually control.
Borrowing money to invest I think it's like gambling and it's really not recommended,
need really mature consideration to make that decision and it's not easy for sure,
investing still has risks so if we borrow money for it I think it only makes the risk bigger
Borrowing with a high interest rate will certainly make us very quickly debilitated physically and mentally when the profit has not yet come, but the interest from the loan has jammed our mind and lost the mood to work every day, therefore, to avoid such mental terror, it is better to borrow at low or almost zero interest rates. And there is no need to be averse to borrowing money, investing is also one of the purposes of making the future promising, the purpose is not to borrow money to play, equating with gambling is too much subjective judgment.