Neither a borrower nor a lender be
Shakespeare said, in Hamlet:-
Neither a borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine ownself be true,
When an idea has been around as long as this one you must wonder if there is some truth in it but times have changed a lot since then so should we take any notice of it now?
It goes completely against the modern way of thinking. Few people still live by it’s mantra but the moral of what Shakespeare said is just as true today when related to loans from and to individuals. There are thousands of reputable companies to whom you will be safe to lend money to and you will be able to get your money back when you wish. Subject to the small print Terms & Conditions, of course.
Debt doesn’t just dull the edge of husbandry, it can destroy people’s lives. Perhaps only one in 100 but if you turn out to be that one then you’ll agree it’s one too many. In that 100 people there will be several who are severely affected by their debts, several more who struggle with their debts and...