Do you think it is a good idea to borrow money from a friend? Why or why not?

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I don't think there is nothing bad in borrowing money from your friends but you must make sure you've tried all your possible best to get that money either by working very hard or doing other jobs just to help you get that money. If your effort to get the money was futile after your efforts, then you can borrow money from your trusted friends whom may help you with it. You also have to be very careful to avoid borrowing money you can't pay from your friends as this will affect your republic towards them which may cause them not to borrow you money again next time you request.

While going through the questioner post, the questioner made mention of a very good point because he doesn't supports the idea of borrowing money from friends. I think some of us have not been afflicted with some life calamities or experiences which makes us think borrowing money from friends is bad. I will share an experience that happened to one of my close friends just to explain my point better.

I am an Engineering student of a particular University. Many people knows me but I have only few friends because I believe in selecting beneficial friends that will make me successful in life due to the fact that friends can influence one's life. I have only 5 best friends in school and they have really helped me a lot in my life due to their positive attitude. One day, I was sitting under a tractor shed in my school just to stay away from the hot sun, one of my friend walked up to me and told me about the drastic rise of Bitcoin which made him very interested in investing on it. I asked him where would he get the money to invest because we don't have any per time work as a student. He told me he was going to use his school fee for that session and he will surely pay it before the closing date out of the money he will earn if BTC rises. I never corroborated with his idea and I told him he is trying a great risk. He told me "Business and making money is all about risk"!!!.

He ended up investing on Bitcoin with his school fee despite the fact I told him not to do so but he actually took that his brace decision with boldness and neglected my advice. Ever since he had invested in Bitcoin with his school fee money this year, he was just checking the price of Bitcoin more than 5 times a day just to check the price if it had risen so that he can sell it to earn some money for himself and pay his school fee with the rest. Unfortunately, what we hoped for wasn't what we expected because Bitcoin fell very drastic which led to a great loss for him. How would he pay his school fees with the little amount of money left after the great loss from Bitcoin investment? 😑

This guy never liked collecting anything from people because he always had the mindset that "one may loose respect anytime someone begs for something from the hands of people". He is someone who is very hardworking and loves to be respected. This led him to start working very hard just to make money to pay his school fee and at the same time attending classes to avoid failing in some courses. I could see how stressful his face was and I had always pity him due to his efforts to pay his school fee. He struggled so hard just to earn some amount of money by doing different types of jobs. I am sorry to say that he couldn't meet up with the amount after his effort to make that amount of money but he managed to boost up his school fee money by almost 90%. The school portal will close in the next three days and there was no job he could do to earn money.

I was watching an interesting movie when I heard someone knocked on my door with a sense of shyness. I opened the door and I met my friend looking very frustrated, tired and sick because he couldn't eat due to his condition. I invited him inside my house and I asked him what he would love to eat, but he said he wasn't interested in eating anything. I already knew he wouldn't eat in my house because he never liked collecting anything from people just to make him look more respectful in the sight of others. He then told me he needed my help and I asked him how does he wants me to help him? He said he gather his school fee after his effort and the school portal closes tomorrow. He told me "please borrow me some amount of money and I will pay you back in second semester".

On hearing that statement I felt pity for him and I told him by mum was going to send some amount of money to me that same day in the afternoon to buy food stuffs and other things like books and handouts. I told him to come back later in the afternoon which he later came and I gave him the money my mum sent to me and he was able to pay his school fee before the closing date. 😊

What lessons can we learn from this?

Firstly, my friend never believed in borrowing money from people just like some of us also never supported. The fact is that we might have not experienced some great difficulties in life which makes us feel like we will never borrow money from friends. Even some rich people may end up borrowing money from their friends if life treats them unfair in such a way that they have no choice than to borrow money from friends just to add up to the money so that they can solve their problems.

Secondly, it explains the concept of a friend in need is a friend indeed. What's the essence of having friends who aren't ready to support you financially? There are some times we may be broke and we will surely need money. Who should I meet for help other than by trusted friends because good friends are like blood brothers and sisters to each other. This doesn't means you should be a burden to your friends because they have more than you. The fact is that you may end up loosing respect and loosing them if you keep doing this.

Thirdly, it helps us to identify fake friends from real friends. When my friend paid his school fee, he told me how some people whom he trusted ended up disappointing him because of that incident. He was able to recognize those who were truly his friends and those who were deceiving him claiming to be his friend. The fact is that "true friends will never leave you in easy times and difficult times."

Lastly, it helps to build the bond of friendship. Ever since I borrowed my friend that money, he was just so happy with me such that he just loves me more than before. When friends help each other in difficult times it adds more love to their friendship and builds up the bond between them.

In conclusion, there is nothing bad in borrowing money from friends provided you've also tried your best to get that money but you couldn't get it. Also make sure you borrow the amount of money you can pay to avoid betraying your friends because you may not get help next time you are in dire need of help due to what you've done. I will also encourage the habit of not depending on friends sometimes because you may end up loosing your integrity, respect and even your friends at the same time.

Thanks for reading and I hope this helps.