still it depends.
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Thread: Is DEBT really a solution?
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05-05-2009, 01:46 AM #31Junior Member
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05-05-2009, 01:49 AM #32C.I.A.
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dapat, kabalo ka patuyukon ang money na utangon. ayaw pagtuga2x.
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05-26-2009, 05:50 PM #33Junior Member
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If mo adto ka sa DEBT as a solution to a problem... not a really good idea.. kay it may solve the short term problem, but it will soon leave a long term problem.
DEBT is a product, not a solution. And a bad product if used the wrong way.
Better solution? Create an emergency fund (in the bank or somewhere liquid)... na in case of emergencies, rather than mo go into DEBT... you'll just take money from the fund. Just keep on funding it as long as naa kay income.
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05-26-2009, 06:01 PM #34Junior Member
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Since we are in the BUSINESS & ECONOMICS section of istorya, I would say, debt is a good thing....But say, if we are in the clothes and accessories or any other section, I would say debt is a weapon of mass financial destruction....hehehe
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05-26-2009, 07:45 PM #35Junior Member
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just want to share my observation between diri sa HK ug sa ato...
ive notice that the HK'nese borrow money because they have the cash or capacity to pay, while sa ato we borrow money kay wala tay kwarta...very big difference!
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05-26-2009, 08:09 PM #36Junior Member
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Originally Posted by triz1999
i dont see any reason why they would borrow money if they have the amount of cash needed. in business even in personal life debt is used as a leverage tool. if ur fully covered u may avoid debt but in cases wherein u need to expand or u need some elbow rom for ur business or ur life people resort to debt.
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05-26-2009, 08:28 PM #37Junior Member
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Originally Posted by du1cebu
rich people never use their own money for business...they use other people's money instead in the form of debt...that's why they form corporation which is an entity unto itself...
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05-26-2009, 08:44 PM #38C.I.A.
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debt is actually another problem you will make
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05-27-2009, 06:15 AM #39Junior Member
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Originally Posted by rusha84
rich people never use their own money for business...they use other people's money instead in the form of debt...that's why they form corporation which is an entity unto itself...
thats my point. its a leverage tool. they do initial public offering to get more capital in order to expand operations. but we cant say that they never use their money. they cant do IPO if they are not liquid. in the first place SEC wouldnt allow them. not all corporations can do IPO. they borrow because they do not have enough money
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05-27-2009, 08:38 AM #40Senior Member
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It could be a solution, but most probably another problem....
If u apply a loan which is lower rates than ur existing loan, so better, but if it is a point something difference, no way...
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