You have a great business idea, and you know you can earn a tidy profit once it gets up and running. But here's the dilemma: to start a business you need capital, and the only way you can get capital is from…the business. The solution is to get the business off the ground, through partners or suppliers who are willing to trust and invest in your idea before the cash comes … [Read more...] about How to Start a Business with No Capital
borrowing money
Is it a good idea to borrow money to pay off a loan?
This depends on the nature of your existing loan and where you are going to borrow money from. The safest course, really, is to NOT borrow more money and not add on to your existing debt. However, there are cases wherein it may be smarter to borrow money to get rid of an existing debt. One such case would be if you have a credit card debt which is accumulating interest at … [Read more...] about Is it a good idea to borrow money to pay off a loan?