Quote from: CODE200 on Today at 01:08:46 PM

Quote from: wahyuagung26 on April 10, 2023, 06:55:25 PM

Quote from: Uruhara on April 10, 2023, 03:12:30 PM

Taking a loan is indeed one thing that must be avoided. but for some people who really have urgent needs and there is no other way, borrowing is like a solution at that time. but yeah another problem will come later. what we have to do is we have to be able to measure our personal finances.

When they are in a state of financial urgency and they don't have savings or assets that they can rely on to meet their needs, of course, the short cut is that they will try to find a loan, maybe borrowing is something that is really not a good thing to do, but at this very important moment will have to be done, especially constraints in need or urgent needs, and they are fully required to have to calculate their loan with income, so that later they will not be constrained in terms of payment.

Its actually situational, just like on that case where it is emergency and they dont have saving they might really force to loan or borrow money. Borrowing money is not really bad especially when you are going to use it right. Just like the successful businessman that I know, he started his business with a little amount which he borrows to his friend. Now he's the one lending money to other people to help them start their own business as well. I just hope that people who borrow money are using it for good things that will help them to be financial stable in the future.

I agree, borrowing money is not recommended, but it's not too bad either. I also once had to borrow a large amount of money after the business failed. It was a bad time, and it took me a long time to pay off that loan. I promised myself I would never borrow money again, but thinking back, without that loan, how would my wife and children live at that time? At least it helped me a lot when I had no other choice. As long as we borrow money for the right purpose, borrowing money is not too bad, we should not be too rigid if there is no better option.