CALVINDOL
VIP Contributor
There are so many personal conditions and situations that could lead an individual to borrow money. An individual could be financially broke or could be financially in need of funds to facilitate his or her business and so because of this he or she could borrow money either from financially well-meaning friends of his or hers, or possibly from financial institutions. Whatever the case may be an whatever strategy an individual chooses to borrow money there and some things and individual should consider first before actually borrowing money. Despite the fact that borrowing money is something most individuals do everyday, yet it is not something that we should do unprepared. First and mandatorily, an individual should first of all think about how to repay the money he or she is about to borrow, if you do not have a valid reason or value strategy of repaying back a money you are about to collect or borrow from another it is best to not to collect at all so as not to be indebted to another for a long period of time which somehow could make you feel restless and uncomfortable.
Secondly, you need to cross-check the reason in which we want to use the borrowed money for. If the reason is absolutely a serious and important reason, then there is absolutely no problem collecting the loan but if the reason turns out to be unserious or less important after carrying out critical thinking about it, then it is best not to collect the loan so as not to feel remorse and regretted in the end.
Secondly, you need to cross-check the reason in which we want to use the borrowed money for. If the reason is absolutely a serious and important reason, then there is absolutely no problem collecting the loan but if the reason turns out to be unserious or less important after carrying out critical thinking about it, then it is best not to collect the loan so as not to feel remorse and regretted in the end.