MONEY MISTAKES

in en-us •  7 years ago 

There is one thing we need to know. 80% of why we go to school is for the financial freedom and the rest is for the networking (knowing ppl).

There is less job available for us as we come out of school. This platform is to up us get money, start our own businesses and employ ppl. All I asked for was just N2000, this can't even buy some people recharge card for the week and some seriousness. Maybe by now we would also be happy like the one Ife sent to us

#Money Mistake 1:
Never borrow money that accrues interest to start a business (except if you are paying for it through your salary); only borrow to grow your business. This is because business takes a long time to gain ground and begin making profit, yet most loans repayments have to be made within a month of taking the loan or even earlier. Therefore, never borrow money to start a business expecting that the business will generate income to pay back the borrowed money plus the interest.

Stay tuned for more......

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If only people can know that networking means alot, am sure more people would have known well enough about crypto currencies by now.

Keyword... Never borrow money to start a business, only borrow money to grow a business
This is wisdom Bro

True, I have learnt not to borrow money. Nice article

But after all said and done, you need money to get money.

Borrowing is not goid for the mind!