Quote from: wmaurik on Today at 09:41:26 AM

Quote from: Mario Yamasaki on March 15, 2023, 03:15:18 PM

If someone has experienced the ease of taking a loan then he will continue to take a loan for pleasure and lifestyle, nowadays people take loans not for needs or important things but mostly for fun and lifestyle, this is because social media makes everything possible. chaotic.

Only short-sighted people take loans for fun or to satisfy their lifestyle. Because it is very unwise to make a loan, unless the loan is used for doing business or it could be that such a person has a monthly salary where he works so he dares to take a loan to buy luxury goods which he then pays off in accordance with applicable regulations. So it's not always bad, although it would be very wrong if someone who dared to take out a loan didn't have a steady job himself.

I go with those wise people who use loans as a source to support their business,

not exactly use loan to start up but to use this capability to add some fund to support the business and to explore for more,
people who are good in controlling their finances which can generate them good success.

But, to those who uses this privilege just to satisfy their lust in buying luxurious things or use loans for personal expense,
most of the time they are the one who got problematic when they can't no longer balance their finances as they will keep
trying to add more loans to cover the previous debts.