When I was in my first
year with my employer, I was convinced by my colleague on taking a personal
loan who is also taking a loan at that time. She told me about the advantages
of taking a loan. She said that she has plans for the money and since the money
depreciates over time due to inflation rate it is better to take a loan and use
it to finance a business venture or invest it in things that will appreciate
its value overtime.
