Self investment or loans, what's your preference?

[eldavis]

I believe the fact that making investments is very important when it comes to gaining financial independence has been established. When it comes to carrying out an investment, there are some persons who go for loans to do this, especially when they are very certain they would cash out. While there are others who would rather save up by doing other side jobs. What's your preference?

 

[Starmix]

I prefer to invest than to loan. We can start a simple investment without applying for a loan. When starting a business through a loan, you will feel restless. Your mind keeps on thinking about the interest of the loan and the capital.

 

[cherry123]

I prefer to do self investment if I have the money as it will come without much interest unlike the loans that might come at a higher interest which is not helpful

 

[Starmix]

It's not good to start a business through a loan. What if your business didn't push through and the loaned money no more because you spent it on other purpose not on investment or business.

 

[Johnson2468]

I prefer self investment. Loan is good too but the interest on the loan is what is always discouraging me. It's better to investment with what I have on something that I like without pressure on my mind to pay some one back

 

[Starmix]

To apply for a loan is temping but if there's no valid reason better never apply for it's not advisable. Invest only according to the capital you have saved. Never give yourself a headache.

 

[Springtime]

I would not consider borrowing money to buy stocks or make other investments. If I start a business, I'll use my savings and consider applying for grant or low interest loan from the government.