Hi #Hivelearners community.
Today's topic is special and interesting because we see people all over the world who borrow money from the bank to meet their needs and then deal with it that we will give such a high rate and then this thing. It is a fact that if the bank gives money, it takes more money on top and the whole world system is running in the same way.
There are many people that I have seen in my life who have taken a loan and even after that their life has not been good but it has become worse and more troubled than before because if a person now has the paper of his house. He takes a loan by keeping it and he tries to pay it back within a year and he is paying installments every month but it is a fact that life is not always the same in life.
There are many problems. Now a person has taken a loan and his business is running well but for some reason the business stops running and his shop closes so he still has to pay the loan amount to the bank every month. The bank will not forgive it in any case, this is a fact, then what happens to the bank, your property, which you have worked hard for all your life, the bank puts it on auction.
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And the money seems so low in the auction, but the bank will not give you the papers until you pay the money. If he will pay you, then this thing is very wrong. The biggest loss is that the hard work that a person has done to build the roof of the house also goes to make life easier. After that it becomes more difficult. If we talk here, the bankers are also not wrong because they go according to what they deal with.
If so, they don't give extra time at all and this is part of a business that in the same way, if the business is to be successful, it has to be done, that's what people have to understand themselves that they should not fall into such things because when If a person does not have money to pay back,
Then a person has to face a lot of problems in his life and there are some people who cannot bear the fact that they have worked hard all their life to build a house. It happens and the bankers sell it in the market and give the rest of the money, then the future life of that person will be damaged, neither he can build a house in the rest of his life, nor his children.
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It is a fact that the more difficult times are going on nowadays and earning money has become more difficult and providing a good life to one's family is now impossible and looking at things like this we all People go for loans but we don't realize that if we can't repay it then the life we are living will become worse and I myself have seen many people in my life.
It has also been seen that when they cannot repay the money, they have to sell the thing they have pledged and this thing becomes a mental tension for them in the future. Here is the incident of one of my friends. I will share with you that my friend was running a good business and he wanted to invest some more money to expand this business and in the same way he submitted the documents of his shop to the bank.
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The keeper had taken some money so that he could buy more goods. Due to their conditions and inflation, we see that nowadays no person has enough money to help his friend, so our friend also made the same mistake, we explained it to him. That if any problem happens and you can't pay it, then this business you are running and you are living a good life, then it will be impossible to get even after that, but that's the only thing on his mind.
I was thinking that I will take money from here and return it in a year with earnings, but then after that we saw that there was a very bad crash in his business due to which he also lost that shop. It had to be done and now the money was saved, the business was completely impossible and now every month he had to pay 50 thousand Pakistani rupees to the bank, so much money could not come from anywhere because when the business was running. If there is money, a person continues to do this for six months.
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The biggest loss he had in taking the loan was that the business had gone bad for some reason and he had gone out of business and now he no longer has the shop that he had bought personally and so again. He went into a depression for six months, and if he hadn't made the mistake of going into business and getting less work,
He probably would have put up with it because he was then paying 50,000 to the bank every month. He would have saved the business and his shop in any way he could,
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Then he had learned a lesson from all this that he would never do such things for the sake of getting ahead quickly. What he has to get, he will get after two years. By doing this, what a person has got will also go back.
Will not take loan from bank and keep working hard day and night and keep succeeding, this is the real way to live life. People must tell in the comments whether you have taken a loan in your life. Couldn't do it and later you have also faced problems.
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Who is djbravo?
Djbravo real name is Asad-chughtai and i am from Pakistan. Asad-chughtai is an writter, blogger, crypto trader, and nature lover. My goal is to share these special places and natural sights with all of you.
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