# Loans: There's No Turning Back Once You Start

A person who's been in the lending business for over a decade said this—and it's more real than anything any finance influencer will tell you.

Out of ten people in debt, fewer than two actually make it ashore.

I'm not trying to scare you. That's the statistic.

Why is it so hard to get out?

**First, people who take out loans have absolute confidence.**

Civil servants, state-owned enterprise employees, teachers, doctors—they're holding golden rice bowls.

Business owners with millions in monthly revenue think they'll definitely pay it back within two or three years.

But reality? Within two or three years, it's either refinancing or borrowing new money to repay old debt.

Confidence isn't ability. It's an illusion.

**Second, borrowed money rarely goes toward consumption.**

Most of it goes into investments, startups, stock trading, or crypto speculation.

The success rate on these things? Maybe one out of ten.

You think you're that one?

Probably not.

**Third, economic cycles don't wait for anyone.**

When you take out the loan, you think the future will only get better.

But economies rise and fall. Industries boom and bust.

By the time you realize something's wrong, it's too late.

Interest won't wait. Banks won't wait.

## Practical Advice for Anyone Considering a Loan

**First, ask yourself: Is this money to save your life or to gamble it away?**

Borrow to save your life. Don't touch gambling.

Medical treatment, emergencies, short-term cash flow issues—those save your life.

Startups, investments, stock trading, crypto—that's gambling.

**Second, calculate your "true cost."**

The bank says 3% annual rate, but add processing fees, service charges, and hidden costs.

It could actually be 8%, 10%.

Plus, loans compound. Time is your enemy.

**Third, don't fall for "low interest means you can borrow."**

Low interest doesn't equal low risk.

The easier money is to get, the easier it is to lose control.

Low barriers exist because banks know you won't be able to pay it back.

**Fourth, set your "stop-loss line."**

Before borrowing, think it through: What's the worst case?

What if you can't pay it back?

If you can't answer clearly, don't borrow.

**Fifth, don't treat "refinancing" as an escape route.**

Refinancing isn't getting ashore. It's delaying.

And refinancing terms only get tighter.

What you can do today, you might not be able to do tomorrow.

## The Real Truth

Even people making money off lending fees—loan brokers—will tell you not to touch loans.

Think about how harsh reality has to be for that to happen.

Unless absolutely necessary, don't consider borrowing.

It's not about interest rates.

It's that one misstep can cripple you. You might never recover in this lifetime.