Beware of the external debt trap
This is a discussion on Beware of the external debt trap within the Business Finance forums, part of the Business category; If you cannot support your family out of debt then at least you should not be an additional burden to ...
|
|||||||
| Register | FAQ | Members List | Calendar | Search | Today's Posts | Mark Forums Read |
|
Welcome to the BusinessForum.net forums. You are currently viewing our boards as a guest user, which gives you limited access to view most discussions and access our other features. By joining our business community, (free registration) you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join the business community forum today! If you have any problems with the registration process or your account login, please contact thesupport team. BusinessForum.net is initiated to get business owners, professionals, business managers, job seekers, business students, investors, webmasters, and every one who is looking to discuss and talk about different business issues worldwide. You may be from any country, city or community we support and welcome every one at business forum. read more.. |
 |
| LinkBack | Thread Tools | Display Modes |
12-24-2006, 08:59 AM
|
|||
|
|||
Beware of the external debt trap
If you cannot support your family out of debt then at least you should not be an additional burden to them. Given the current level of debt, even if there is a small financial turbulence. (temporary income loss or sudden unplanned expenses), the family will end up in a sudden unplanned expenses), the family will end up in a massive financial whirlpool for many years.
Loans should be taken for basic necessity and within reasonable limits. Do you have anything to add to this point of view.
__________________
Paid Web Directory 
|
|
01-02-2007, 05:59 AM
|
||||
|
||||
|
Re: Beware of the external debt trap
its very essential to have a stable income flow to avoid this situation. Without a permenant income taking loan is big risk, depending on your financial backups and background you must ensure that you take more efforts to earn and make up for expences then take a loan.
|
|
01-03-2007, 12:26 AM
|
||||
|
||||
|
Re: Beware of the external debt trap
Don't go into debt unless you're very sure (not a gamble) that in the process of going into debt that you will make up the difference you will have to pay in interest later on! Going into debt can sometime be a good tool for getting something for your business or furthering your education when you don't have any money, but it's also a way for you to take a step back when maybe you don't need the extra money right away.
http://en.wikipedia.org/wiki/Debt http://en.wikipedia.org/wiki/Debt_consolidation Try to create passive income flows that have a fairly low chance of going away such as real-estate, or software sales as soon as possible! http://en.wikipedia.org/wiki/Passive_income
__________________
|
|
03-17-2008, 05:08 PM
|
||||
|
||||
|
Re: Beware of the external debt trap
Indeed, very true post of anthony. Loans should be planned carefully or you and your family will be the ones who suffer from all of it's debt. It might even cause to a quarrel of the same family members. So if anyone plans to take-up/apply for loan, better reconsider and think wisely of your decision.
|
|
06-22-2008, 05:23 AM
|
|||
|
|||
|
Re: Beware of the external debt trap
do not commit the mistake of taking loan from other country , because it has lots of paper work and you can get in trouble.
__________________
simply best coupons
|
|
|
|
Sponsored links
|
|
«
Previous Thread
|
Next Thread
»
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) |
|
| Thread Tools | |
| Display Modes | |
Linear Mode
|
|
All times are GMT -5. The time now is 06:17 PM.
