Posts tagged ‘borrowing money’

Borrowing Money In Plain English

Updated: September 21, 2011 | Personal Finance | 7 Comments

All rich people borrow money – they all have credit and loans. Do you believe that statement? I do because I’ve experienced how powerful it is to leverage on credit. More than 70% of the start-up capital of the internet cafe I own was borrowed from an investor. Furthermore, a lot of the equipment I […]

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How To Make Friends Pay Back The Money They Owe You

Updated: October 13, 2017 | Life Lessons, Personal Finance | 73 Comments

A friend asks if he could borrow money from you. He promises to pay by next month. You, being a good friend, loaned him some cash to help ease his financial burdens. That was a month ago and now, your friend is avoiding you. Whenever you get a chance to talk to him regarding his […]

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What Do You Do When Family Members and Relatives Ask For Your Financial Support?

Updated: April 27, 2017 | Life Lessons, Mindsetting, Personal Finance | 62 Comments

Filipinos have very close family ties and as a child, I was raised to honor this tradition. And since this is a big part of our cultural upbringing, it is often considered inappropriate to decline giving financial support to family members and relatives. Recently, a friend had an issue related to this. I specifically asked […]

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