/biz/ - Business & Finance

[Anonymous No.54189810]

>Borrowing money

Why would anyone want to do this?

[Anonymous No.54189817]

>>54189810
if inflation outpaces interest its free money

[Anonymous No.54189832]

>max 0% interest student loans
>buy crypto
>money printer erases debt
Its that easy

[Anonymous No.54189836]

>>54189810
All money is borrowed.

[Anonymous No.54189843]

>>54189810
>spending your own money when you can spend someone else’s
Ngmi

[Anonymous No.54189853]

>>54189810
For the creditor: it's a form of business, you risk to lose your money but you get back more if everything ends well.

For the debtor: you can get the things you want already and without waiting by not draining your account, you just give a tiny sum each month, you may lose everything if you are irresponsible and blow up your account on stupid shit.

[Anonymous No.54189861]

>>54189810
>Borrow 100k to slurp the bitcoin bottom at 16k
>Sell when at the high of the bull market around 120k-200k
>Pay back your debt + the small interest
>Pocket the remaing money for yourself
This is why you are a poor reddit frog poster.

[Anonymous No.54189887]

>>54189843
this lol

[Anonymous No.54189904]

Theoretically borrowing money is advantageous because you know something the lender doesn’t, it’s a symbiotic relationship

[Anonymous No.54189959]

should I really borrow money from the bank bros
realistically speaking what would happen if the market crashes and Im not able to pay the debt

[Anonymous No.54189981]

>>54189843
At least I'm not a jew. Checkmate.

[Anonymous No.54190057]

>>54189959
Nothing just say argghhh duuude I gotta pay for my pills, and then I hurt my leg, and this happened and that happened. I can only pay back 5 dollars a month. Dont fuck with the taxman though, never fuck with them

[Anonymous No.54190081]

>>54189810
>/biz/ - Business & Finance
>finance bad

[Anonymous No.54190406]

>>54189853
>you risk to lose your money but you get back more if everything ends well.
Banks loan money out of thin air and if they lose they get bailed out THOUGH

[Anonymous No.54190530]

>>54189810
I want a house
My wife wants a house
We won't have kids until we have a house
Until we get a house, money paid to rent is basically lit on fire, gone forever
It would take 20 years to save up the cash to outright buy even a small house 45 minutes away from my job

so I'll choose the loan

[Anonymous No.54190571]

For the creditor:
>You loan out money to make it back through interest payments
>If you don't get paid you get bailed out by the central bank

For the debtor:
>You get to buy inflation resistant assets with someone else's money
>If you don't pay the monthly you'll screw up but they're inflating the monthly payment into nothing anyway

[Anonymous No.54190797]

>>54190406
It's because you live in a shit economy where the state steals your money only to feed the bankers, THOUGH

[sage No.54190806]

>>54189810
because i can file for bankruptcy. it's your problem, not mine.

[Anonymous No.54190832]

>>54190406
yes, see the system collapse one of those days

[Anonymous No.54191518]

>>54189810
i borrowed to start a business
made quadruple the loan in the first 18 months