The Less You Owe.....
By jaishankar
@Shivram59 (52181)
India
November 4, 2026 1:50pm CST
A time was when we had no money. My father had gone too old to start a new business.
As time passed, I found a job in a local company, but I always wanted to have a small business of my own. Now I have one - a small grocery store that runs well.
I wanted to be rich. As rich as some of my friends.
My mother says not to aspire to be rich. She instructs me not to borrow. My father's opinion is the same.
They say the less you owe, the rich you are.
Do you agree with them??
5 people like this
4 responses
@Shivram59 (52181)
• India
5 Nov
Thank you. I could borrow from my friends. Most of them are sons of rich people, but I never did so. I and my. family lived in abject poverty, but we now don't have any debts to pay. Now we are happy with whatever we have.
1 person likes this
@Shivram59 (52181)
• India
5 Nov
@rakski I agree. I would rather live poor than borrow from others.
1 person likes this
@Shivram59 (52181)
• India
5 Nov
Thank you. I never borrowed from my friends who came from rich families and were ready to help me. I left no bills unpaid. We don't have any bank loan either.
Borrowing money and not paying back lands you in problems.
1 person likes this
@Deepizzaguy (126620)
• Lake Charles, Louisiana
5 Nov
Good thinking to not be in debt trying to be rich.
1 person likes this
@Deepizzaguy (126620)
• Lake Charles, Louisiana
5 Nov
@Shivram59 You are welcome.
1 person likes this
@Shivram59 (52181)
• India
5 Nov
Thank you. I never borrowed from anybody?,though I could. Some of my friends were rich and were ready to help me. And I pay my bills as soon. I recieve them. Now I've no bills to pay.
1 person likes this
@nawala123 (25643)
• Indonesia
4 Nov
Hello mate
Different generation have different point of view. I think all is correct. When people get older they think having loan is making them always in fear if they fail to pay. That is a normal things for people that are not productive anymore.
But for young productive people they have potential and they think it is chance to change their life or fate. Life must go on. Sometimes business need funding and bak loan is the solution.
Our job is to tell them widely the risk and the potential/prospect that may come in the future.
1 person likes this
@Shivram59 (52181)
• India
5 Nov
Thank you. You're right, but the best thing is not to borrow. Now we don't have to pay. We don't have any bills unpaid. We don't have any bank loans. We are satisfied with what we earn.We never buy anything we don't need or and anything we can't afford.
But I agree with you that different generations have their own way to think.
1 person likes this
@Shivram59 (52181)
• India
5 Nov
@nawala123 Wish you a life free of debts. Better don't borrow from anybody or from bank as far as possible.
1 person likes this
@nawala123 (25643)
• Indonesia
5 Nov
@Shivram59 i had some loan when i started my business and it was risky even bankable. But now as i get older i want diminish the risk
1 person likes this
