MONEY MISTAKE #1: Borrowing An “Expensive” Loan

Never borrow money that accrues interest to start a business . That is to say, never borrow money to start a business expecting that the business will generate income to pay back the borrowed money plus the interest.

Though the success of the future business is not fully assured yet, one thing that can be assured is that you must pay back this debt with all the high interests attached. Are you willing to do so? Are you willing to start life with debts ahead of you to be paid?.

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