Borrowing and then investing is a way that many people use, especially those who want to get rich quickly in a reckless way. This really happened from the case of my friend who borrowed money online and then invested, he really got rich, but strangely he didn't hold his wealth for long, less than a year he went bankrupt and even left borrowing debt, that's even sadder than just unemployment , he is looking for a way to get out of debt with a simple job to pay off the debt but it is difficult to make ends meet.
unnecessary borrowing can be killing
There is a group of people who would damage the peace of other people for their own benefit.
they would borrow money and would just run away with their ugly desires but God is always there.
There are different types of borrowing;
- Borrowing for Investment Purpose
- Borrowing because you are living above your income
I totally made up the 2 types of borrowing above. If you find yourself borrowing for an investment purpose, I do not see alot of problems with it. If you have a workable plan and investment idea, you could turn super rich.
But in the other hand, if you borrow because what you earn monthly does not sustain you, you are in the speed lane of living an unhappy life and which may lead to long time poverty. If you live above what you earn, don't borrow, just reduce your expense.
another type of borrowing because you people cannot with stand the thought that someone is rich is at ease