ls it true that one cannot prosper financially without taking loans?

[Stardom22]

l think this goes to the people in the poorer countries like the tier 3 or something. Most people that lie in the low to middle income earners to be pricesly. These people mostly live mainly through the hand to mouth basis. So they always believe that no one can achieve in any prosperity in business and financially as a wholly without taking loans. What is your take on that?

 

[Starmix]

I started my business using my own money. I spent all in all $6000. How could you prosper if you have pending debt from a bank or agency. The bank will also disqualify a loan applicant if there's no collateral.

 

[Trush Jodie]

I know of many people that have built lasting wealth by simple compounding. And they didn't have to take any loan to achieve that wealth.

 

[Augusta]

It is even the other way round. It is even the taking 0f loans especially big or large ones that can take away your success