Carpon
Valued Contributor
Borrowing is not entirely wrong or injurious to financing, but building a habit around it is very detrimental and will have numerous negative effects on an individual. Maintaining a stable finances as we all know is very key towards attaining financial strength. Here are some reasons why you should avoid borrowing as it affects financial stability.
• Borrowing is an act that indebts you. Some kind of bank loans can give others access to your funds and this deprives you of the right to take full charge over your finance. Borrowing enslaves you and put you in a state of servant hood financially.
• Borrowing does not give room for growth. Once you have funds that can be used to improve on your finances, next minute it will be needed to settle debts. This is a great impediment to one's financial growth and also retards the process of attaining financial buoyancy.
What do you think about this?
• Borrowing is an act that indebts you. Some kind of bank loans can give others access to your funds and this deprives you of the right to take full charge over your finance. Borrowing enslaves you and put you in a state of servant hood financially.
• Borrowing does not give room for growth. Once you have funds that can be used to improve on your finances, next minute it will be needed to settle debts. This is a great impediment to one's financial growth and also retards the process of attaining financial buoyancy.
What do you think about this?