Have you ever been successful through the taking of loans?

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Sawe

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I have never been successful on taking loans, I realize that I lose more when paying back because of the interest rates. I guess it is because I have never taken a loan for the sake of starting a business.
 

nomad

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It is sad to say that I have taken loans on different occassions and I have never been able to fulfil the purpose of getting a loan
 

Springtime

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I have never borrowed money except that I took out a mortgage loan when I bought my apartment. At that time, I had a full-time job and a decent and stable income. I got the loan without any problems.
 

Bisolami

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I have never really taken any loan that is serious and I don’t think j I will be taking loan anytime soon but for now, I have never been successful taking loans
For me the majority of the people that depend on loans have not really been successful. What do you say?
 

Fidelia

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I have actually seen people who are very strategic and focused take a loan to do a business. They succeed to pay back and even grow the business.
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I have actually seen people who are very strategic and focused take a loan to do a business. They succeed to pay back and even grow the business.
 

Passiveearner

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I don't apply for a loan It's not significant for me. I managed my business through my savings.

Most of the people never get succesful after borrowing loans. They utilise flawed business and financial strategies that never allow them to be successful. Obtaining loans and investing in a business is very risky.
 

Starmix

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Most of the people never get succesful after borrowing loans. They utilise flawed business and financial strategies that never allow them to be successful. Obtaining loans and investing in a business is very risky.
Only a very few loaners faithfully succeeded in their aims why loaned. They are able to build a small business.
 

Passiveearner

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Only a very few loaners faithfully succeeded in their aims why loaned. They are able to build a small business.

I think that there are many reasons for that. Many people nay think that they have the vest business strategy. They may think that all they need to do is take loans and they may even succeed in convincing the lender as well. However, in the end they fail eventually.
 

Starmix

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I think that there are many reasons for that. Many people nay think that they have the vest business strategy. They may think that all they need to do is take loans and they may even succeed in convincing the lender as well. However, in the end they fail eventually.
I agree with you on that, some people think that they can handle money easily without losing it. They are wrong and the loan surcharges in interest.
 

Sawe

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You have to control yourself. It's better to save what you pay monthly and pay something in cash not from a loan.
That is right, it is something I have learnt too. It is much better to work hard and earn the money you need. You can use it to buy what you want rather than depending on loan.
 
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