Post
Topic
Board Economics
Re: Quit borrowing
by
og kush420
on 11/06/2023, 19:04:21 UTC
Investing with borrowed money, especially in assets like Bitcoin, is actually more stupid than planned investing. While there have been cases where individuals have made substantial profits from investing in Bitcoin, it's really not that much, and I find it more fortunate than a well-intentioned scheme. Profit is not certain, so work, and once a case of loss occurs, I think life will turn into a very wonderful new chapter when debt is not paid.
not always what you plan will go accordingly. Some plans may fail leaving you in the middle of nowhere.
So better live within your means and don't borrow or dont take loan unnecessary - try to manage the funds you already have and invest when you have surplus and you can afford the loss too.