Monday, November 22, 2010

Borrow Money from Parents

The safest, easiest and best way is to borrow money from your parents. They are our best helpers always. You don't even need to build any extra reputation building with them, since it's already built. Make sure that you are able to convince them about your need for money, and I am sure they will understand.

Asking for money is difficult from a stranger, but with parents the case is a lot more simpler. Follow the steps mentioned below to make your parents lend you money.
  1. Inform them about the product or service that you are willing to purchase.
  2. Explain your parents some benefits about that product or service for your business or personal usage.
  3. Tell them about the price it will cost, and how much you have to invest from your side.
  4. Ask them for the remaining amount, as you have tried all other options.
  5. Sound confident, as they would be convinced only if you yourself are convinced.

The best part of borrowing from your parents is that you are not supposed to return it back, except when stated clearly by the parents. If they feel that you are utilizing their money for the right purpose, then they will definitely support you.

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