Scraped on 07/08/2025, 05:25:59 UTC
Even borrowing money with interest is, in my opinion,IMO not something that should be done, if the principle is to develop the business, even if it is 25% of our total portfolio (for reserve funds), so that it can be repaid effectively without disrupting the portfolio or capital we have.
In general, borrowing money is seen as a sign of being in a tight spot or having urgent needs. in my opinion, that is wrong, especially if it is used for something uncertain like gambling, because the situation can turn around, and the losses can be even greater in a short time, like your friend. If your friend thinks that way, it is very wrong, because it is better to enjoy life without debt and without interest, better to set aside daily money that you are willing to lose.
Your attitude is wise because it is better to be blamed temporarily than to have to collect money with difficulty. I realize that our finances are sometimes unstable, so it is better to lend money to people in need, perhaps in contexts where help is warranted.
After that incident, I think he will try to auction off his belongings or property, regardless of the losses and hardships in the future, because he will lose his mind and do anything to satisfy his gambling addiction. This will inevitably cause many people to suffer indirect losses or even dare to borrow money from anyone they meet.
This situation can even favor anyone because of the sensation felt by users, who think only of doubling their profits even though they only have a few chances, unless they just want to play and can control their emotions and desires.
Original archived Re: Taken loan to gamble is very risky, what do you think?
Scraped on 07/08/2025, 05:21:27 UTC
Even borrowing money with interest is, in my opinion, not something that should be done, if the principle is to develop the business, even if it is 25% of our total portfolio (for reserve funds), so that it can be repaid effectively without disrupting the portfolio or capital we have.
In general, borrowing money is seen as a sign of being in a tight spot or having urgent needs. in my opinion, that is wrong, especially if it is used for something uncertain like gambling, because the situation can turn around, and the losses can be even greater in a short time, like your friend. If your friend thinks that way, it is very wrong, because it is better to enjoy life without debt and without interest, better to set aside daily money that you are willing to lose.
Your attitude is wise because it is better to be blamed temporarily than to have to collect money with difficulty. I realize that our finances are sometimes unstable, so it is better to lend money to people in need, perhaps in contexts where help is warranted.
After that incident, I think he will try to auction off his belongings or property, regardless of the losses and hardships in the future, because he will lose his mind and do anything to satisfy his gambling addiction. This will inevitably cause many people to suffer indirect losses or even dare to borrow money from anyone they meet.
This situation can even favor anyone because of the sensation felt by users, who think only of doubling their profits even though they only have a few chances, unless they just want to play and can control their emotions and desires.