Re: Dont just borrow money but for the right reason

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.

Cant imagine on the stress that it would give out when you are trying to seek out for money to repay those interest and you are just depending on one source on which you do wait for your crypto investment to have profits?You would really be fucked up if you do have those kind of method because its never been suggested to take up some loan or borrow money just because you do love to invest
although its not a bad option to take as long you do know on how to repay those without really putting yourself into much trouble. Borrow on the amount which you could see that
you would able to pay without any problems.

This is the reason why borrowing money is never advisable because you are investing in crypto with no guarantees when to make profits. Or might give you losses in the long run when you don't expect it. So its never a good idea to borrow particularly if you have no other sources of income that can help you pay even its interest. Borrowing will only be good only if you have other businesses already that keeps generating an income.

Always look for something which you could able to pay if due date comes and this is where most people do fail to do so because they arent thinking ahead on what they should gonna do but instead they do take up some loan even though the interest is high because they are expecting ahead that they could make profits out of their investment and talking about crypto that you cant really tell if the market would be good or bad
on next seconds or minutes which would possibly result neither on profits or total loss which would highly affect your situation whether you can repay or not.