Re: It's not smart to borrow funds and Pay back

Only a fool takes a loan and pays it back, the point is when borrowing, especially for large loans, go bankrupt, get the money out somehow, use a good accountant and don't pay anything back. if you take a loan in order to pay it back, you are a loser because the interest is your work and the effort you give away. besides, banks print money out of thin air, so this money is free for everyone.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.

I have look into your account and I though you have ranked up otherwise I would have said when you finally get signature and take large loan from this forum, don't pay back rather consult your accountant so you can know the difference between loan on paper and reality that we are facing today. Again, you don't need to called anyone fool for paying loan, I'm very sure someone from your relatives have taking high interest rate and paid back in full(fool) Grin

The wealthy people you are seeing today that are ontop of forbe list are all enjoying the benefit of loans they take from banks and that's because of their relationship with the banks and even the government. You don't get big loans from anyone without good connections and networking and you will have to pay back as agreed elese you risk selling some part of your company later in the future. That's not how loan works mate.

it's very unhealthy to have the mindset that once you've taken a loan that you should never pay it back. It's not as though while applying for a loan you're being forced to do so, you take loans willingly and aggres to the terms and condition that comes with it and should not for any reason refuse paying back when it's due. Rather than assuming that it's foolish to take up a loan and pay it back in full, it's rather foolish to take up a loan and refused paying it back. Just by putting yourself in the person's shoe that you lend money out to someone to help solve the person's problem and he refused paying back when it's due except he's actually not taken up a loan before if not, the collateral and other things like damage to your reputation that comes with defaulting on a loaned amount is enough reason never to refuse paying up for the loans You've taken.

Its not really talking about unhealthy but rather this is something which do really shows up on doing that criminal act. Why? Who would really be on their right minds that taking up a loan and never
tend to repay it back on the time that it reached its due? If you would really be doing such thing or stuff then you are really just that basically making yourself getting imprisoned.
We do know that when it comes into this aspect then it would really be always best that you should really be that debt free as much as possible. Although there would really be those instances
that we might not be able to avoid on taking up some loan due to some common circumstances but it would really be always best that we should really be repaying back.

It isnt really talk about being an obligation but rather it do talks about ethically be mindful about on repaying something which you had promised on paying it back.
Doesnt matter about having government or any will be printing out money since this is really that a different concern. It is really just that they are really that dealing up things
on a way that you could really be putting up yourself on such potential trouble.