Is DEBT really a solution?

[wealthyhead]

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I just noticed these days that a lot of people rely too much on borrowing money (Debts) for most of their problems.

But is it really a solution?

[demonyito]

remember there are 2 kinds of debt: good debt and bad debt
if you are in debt to finance your investments or businesses, then it is a good debt. just make sure that the returns of your investment will outweigh the interest from the debt.
but if you are in debt just for pleasure, comfort, etc, then definitely it is a bad debt.

to TS, what debt are u referring to?

[wealthyhead]

remember there are 2 kinds of debt: good debt and bad debt
if you are in debt to finance your investments or businesses, then it is a good debt. just make sure that the returns of your investment will outweigh the interest from the debt.
but if you are in debt just for pleasure, comfort, etc, then definitely it is a bad debt.

to TS, what debt are u referring to?

I agree, but what's really the common reason why people borrow money?

[rts1980]

I agree, but what's really the common reason why people borrow money?

i think the common reason is to pay their existing debt.. most people are doing this..

[wealthyhead]

i think the common reason is to pay their existing debt.. most people are doing this..

if that's the case, it'll eventually become and endless cycle.

so, Debt is NOT a solution.

[rts1980]

if that's the case, it'll eventually become and endless cycle.

so, Debt is NOT a solution.

i agree but ang kapait, dili mana makita sa uban tao.. ako, I haven't try using debt even for business kay i always believe that if you start your business sa utang, you'll end up having utang.. thank god wa pako naka sulay ug utang even if cge ko offeran sa mga banks na magloan.hehehe

[Sol_Itaire]

a temporary solution, is it not?

[ncmknight]

Depende kung giunsa nimo pag-gamit ang debt.

Kung nangutang ka para mopalit ug liability, malubong kag samot.

Kung nangutang ka para mopalit ug asset, posible maluwas ka.

Kung nangutang ka para ibayad sa laing utang, nya before maluwas, nangutang na sad kay nagsalig nga hapit na maimpas, mopalit na sad ug liability, impas imong pamuyo.

[pogy_uy]

Debt can be a problem at the same time a solution...

It's just how u play it...

[noliverh]

A debt is always a debt... if you're trying to solve your problem through debt. and make it a cycle... bayad-utang, bayad-utang, bayad-utang.... then you're not paying your debt... you're paying the interest! kalabad ani oi!