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Should you take out a loan or stick to personal finance?

Ernestnari

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May 13, 2022
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For me, personal finance is a better option because managing your personal finances is more profitable and less risky than borrowing money
 
We need to see if for what purpose we need loan and in case we are unable to manage from our own sources then its better to take loan
 
And if we have a business or an investment in mind that we are sure to get us profits then we should go for it
 
I always believe that if we are taking loan for our business then we should be aware of its success otherwise no need to take loan
 
I always believe that if we are taking loan for our business then we should be aware of its success otherwise no need to take loan
That's were business goal(s) comes into place. If at all one is opting in for a loan, they should have a good goal set in place in order to acquire more than the amount they've borrowed.
 
That's were business goal(s) comes into place. If at all one is opting in for a loan, they should have a good goal set in place in order to acquire more than the amount they've borrowed.
This is how they should plan and if not then they may face more issues as it would be hard to repay the loan
 
We need to see if for what purpose we need loan and in case we are unable to manage from our own sources then its better to take loan

I shall never take loan as taking excessive loans is bad and the sad thing is that when you take loans, you have to pay interest.
 
We should see what we require and the nature or reason why we need money and if we really need money and there is no other way then we should take loan
 
We should see what we require and the nature or reason why we need money and if we really need money and there is no other way then we should take loan

There comes a time when we have to take loans and we may have no other option at all. i would prefer taking interest-free loans.
 
You can actually improve your personal finance with a loan. Imagine, you get a car loan, you use your car for driving for uber, you make additional money, and you can not only pay back your loan but also earn well.
 
Its a personal decision and if we use all our savings in our business then that would be a bigger risk so better to utilize banks and go for a loan
 

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