RE: RE: Debt, Savings and Investment: A True point of a business
You are viewing a single comment's thread from:

RE: Debt, Savings and Investment: A True point of a business

Words
88
Reading
1 min
Listen
Play
4y

When we borrow money, it should only be for good debts. So that whatever we borrowed the money for can bring more money.

When we make money, we can decide to leverage on the power of compounding by putting the money back into our businesses.

Or we can work with the idea of diversification which would warrant us taking the profits and investing in other ventures.

Whatever means we choose to multiply our money is good as long as we plan extensively and know our risk tolerance level.

@edystringz: When we borrow | Ecency