Hello everyone,
In this quest to becoming successful, there are many tips to follow up. One of them is that you should "never borrow" or "lend" for free. What can these sayings means?
Although you might have your view on these points but with openness, you can concur with these wise sayings. Don't Borrow unless there's a serious need for it. Don't just borrow for sake of borrowing. When one borrowed, that one must pay up! Paying up demands a lot too. It might even come with interests and other debt servicing clauses. One thing with interests is that it keeps compounding when not cleared on time. It's better, not to leap than to leap without properly checking it out.
Moreover, business/investment can depreciated and money gone in thin air, what will you do to pay off the debt? Borrowing again as Nigerian Government keep doing? No! Get yourselves together, calculate your finance painstakingly, know your finance lags and cover them and create wealth with little at hand! Clear off the debt with the meagre income at your pace and invest wisely.
Nevertheless, Never you lend for free. It's only on pedigree and past experience, you can hetsitately do that. Many people can't be trusted and money can be a tool to make more money. So if one need it, let it not be for free. Charges attained, helps to keep the other at Bay and recoup the money at loss too.
Today being Leo powering up day, I was able to engage with #150 Leo powered up. Check my wallet.
Screenshot of the wallet before the power up
Screenshot of the wallet after the power up.
Since #lpud is one of the fastest way to grow my Leo Power and meet my target. I will keep participating.
Posted Using LeoFinance Beta
