| One Advice - May be wrong for you. |
|
|
|
|
|
UnXpected
Preferred Member
Cash: $ 17.10
Posts: 177
Joined: 10 May 2004
|
| One Advice - May be wrong for you. |
 |
|
I STRONGLY against Credit & Loans !
Never loans or use credit.
Don't use future $$$$.
Bcos when you start using future $$$$ mean that you don't know how to manage your financial so How can you pay back your debt?
Once you r in Debt , you will slowly BUILD UP. You can never pay or live normal. Unless you understand how to manage your financial.
IF you are in debt, PLAN and Cut your expense to OVERCOME the debt.
Remember NEVER USE FUTURE MONEY
All the Best! 
| Business Forum | MTG Cards | Webby4.com | eHub |
|
Tue Jul 13, 2004 2:06 pm |
|
|
Euler
Senior Member
Cash: $ 76.16
Posts: 404
Joined: 06 Nov 2003
|
| Smart man |
|
|
I agree with this approach. I wish I could teach it to my government.
|
|
Tue Jul 13, 2004 2:14 pm |
|
|
UnXpected
Preferred Member
Cash: $ 17.10
Posts: 177
Joined: 10 May 2004
|
| Re: Smart man |
|
|
quote:
Originally posted by Euler
I agree with this approach. I wish I could teach it to my government.
This is one of the ways For government to make MONEY.
They know that BUT ........
| Business Forum | MTG Cards | Webby4.com | eHub |
|
|
Tue Jul 13, 2004 2:17 pm |
|
|
thejack
Member
Cash: $ 0.00
Posts: 13
Joined: 28 Jul 2004
|
It's a good thing most entrepreneurs don't listen to you. we would never have any new companies.
Almost all companies start out in debt. It's hard to get enough cash together to buy retail space or anything else to get a company going. Even big, successful companies have debt. Intel, Ford, etc,...they have billions in debts.
|
|
Wed Jul 28, 2004 9:57 pm |
|
|
Doro Ajani
Full Member
Cash: $ 3.34
Posts: 60
Joined: 11 Sep 2004
Location: New York City
|
There are two kinds of debt: destructive and constructive
Examples:
Destructive debt: financially ignorant/undereducated individual purchaing liabilities and expenses. This debt builds up because the value of what was purchased with it deminishes over time.
Constructive debt: financial educated individual strategically purchases assets that increase in value, so that the debt is paid off from the surplus value generated by the assets. Assets continue to increase in value after the debt is fully paid off.
Doro Ajani
|
|
Sat Sep 11, 2004 2:25 am |
|
|
|
