Free Ebook.


Enter your email address:

Delivered by FeedBurner

« Painless Ways to Save Money | Main | What's the Best Day to Trade Stocks? »

July 17, 2006

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

I agree with the bad debt/worse debt, except in a few instances.

For example, the costs of starting your own business might be prohibitive. Getting a small business loan might get you some start up capital and hopefully to the point of being profitable so that you can pay the debt off. There is a lot of risk in starting your own business, but in many cases the rewards of being independant can far outweigh the risks.

Most people probably could not save enough money on their current income to get the start up capital in a time frame that would allow them to realistically start their business. If you are ready to start a business now, and could get it operational in a few months to a year with a business loan, that would under many circumstances be much better than having to wait for 8 or 9 years to save that same amount for start up costs.

On a side note, the nice thing about a lot of online businesses is that they can be started and made profitable for pocket change and not require a business loan to get started.

The comments to this entry are closed.

Start a Blog


Disclaimer


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.

Stats