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Borrowing money to invest, Right Or Wrong?
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[QUOTE="Abigael, post: 232557, member: 25357"] Borrowing money to start a business or invest is not entirely wrong. In my own view, this can workout well if you are well planned with the business and you have ensured a great foundation for success. Having included things like proper knowledge of starting and running the business, good money management and other skills and a good location. The problem comes from starting a business without great knowledge and skills yet you took a loan. Or you are investing in a method that you have not researched about or learnt how it works. For example, you cannot expect to start forex trading with a loan yet you have not learnt how it actually works. Many people make the mistake of being misguided by their urge to earn a large amount of money easily. So they take a loan hoping that it will increase into something great within a short time. Only to end up loosing it because they did not take time to learn the skill well. So taking a loan is not bad depending on how you will spend it. Some people will spend it wisely and that will make it a very thing for them. But for other people,, the spend it badly and so that makes taking loan to be really bad. [/QUOTE]
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