Loan and Behold: The Art of Borrowing Your Way to Success

Many young people view loans with scepticism, often believing that spending beyond their means at a young age is unwise. We typically advocate for a conservative, safe, and stable approach, avoiding risks. However, my perspective shifted after meeting Jasper, a young man born around 1992, who successfully navigated the world of online loans. Impressively, he not only secured these loans but also managed them skillfully, constantly borrowing and repaying.

Initially, I was deeply concerned about Jasper, cautioning him that such a lifestyle could lead to disaster. But he offered a thought-provoking perspective. He questioned how young people could access the benefits of modern society without loans. His argument seemed unusual at first, but it made sense upon explanation. Coming from an average-income family with no substantial financial support, Jasper viewed online loans as essential for acquiring a house or car, which otherwise might remain unattainable dreams.

But with the help of online loans, not only did Jasper manage to buy a house and a car, he also lived a more lavish life than his peers. Recently, he even started a business funded by loans, and it’s thriving. “You need to know how to spend money to make money,” he said. This phrase seemed to hold some truth. Those who understand how to spend money often have a keen sense for financial opportunities, enabling them to seize profitable ventures much faster than more conservative individuals.

My conversation with Jasper about prudent loan use was enlightening. He explained how reasonable loans could be transformative for young people, easing family pressure by covering basic living expenses. For instance, Aiden, a university student in Singapore, used a loan to attend a prestigious summer school programme abroad, greatly enhancing his career prospects. Jasper also compared loans in entrepreneurship to venture capital in start-ups, viewing them as trading capital for time, thereby transforming pressure into motivation and sharing risks with a third party.

For example, if you have S$50,000 and need S$40,000 to start a home-based company to support your life, you could invest S$20,000 of your own money and take a loan for the rest. This way, if the venture fails, you only lose half of your investment, retaining a substantial amount to start over.

Jasper’s words dawned on me and changed my perspective on loans from the inside out. It really benefited me. With a sense of reverence, I inquired if our soul-stirring dialogue could grace the pages of my blog, hoping it would cast rays of wisdom onto the paths of other young souls and he agrees.

He concluded with a message for the younger generation: 

“If used wisely, loans can be a potent tool to unlock the potential of modern society and aid personal development. Make informed choices and use these financial resources to enhance your life and career.” Jasper’s story is a powerful testament to how, with the correct mindset and strategy, loans can lead to financial empowerment and success.”