Quote from: EL MOHA on Today at 09:19:27 PM

Quote from: Lida93 on Today at 07:41:55 PM

Borrowing money is not a wrong idea but what you're borrowing such money for could be the problem but if it's in a good investment asset which you have done your background check on it, then you're good to go (it's called good debt). But the one narrated in the OP which is about borrowing to trade or gamble, that's bad debt and it can ruin you. It's inevitable you wouldn't be under pressure gambling or trading from a loan money because you'll eager to meet up deadline.

No business started with loan can be risk free even if you did a very thorough background check, it is not that I am disputing your point but even business with good backgrounds after research tends to be seriously under pressure if the funding is on loan, take for an example the investment into bitcoin which already according to research already has a very good chance of being profitable is still very risky to have your investment in it coming from loan. Even top business owners usually go for partnership or grants, and only go for loans to help boost an existing business.

Alright. So does starting with ones own money doesn't make any business risk free either but have got to take risk of we want to build wealth but let it be with the right investments that's with much higher chances of potential returns. There are debts that could be referred to as good debts. These are debts you use in solving your problems or adding to your business to increase it size to later pay back. Fact check, many of the big industries and institutions we have today started off with good debts.