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because that tells your neighbor that you are not responsible, and, that is plain disrespectfull (it is not respectful).

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13y ago
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Q: Why is one rule of being a good neighbor not borrowing money?
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Rules for being a good neighbor?

a good neighbor is having things in common and for most people being normal quiet and friendly One very good rule to be a good neighbor is the golden rule. Other rules that are helpful are, don't be judgemental, don't gossip, and don't borrow money.


What is the definition of importance of being a good neighbor?

Importance of being a good neighbor is giving value to your interpersonal skills that your neighbour will benefit by you being their neighbour.


As a caregiver being a good neighbor means?

A caregiver is being a good neighbor. That means the caregiver helps take care of their neighbor. It could be by helping mow their lawn, fixing a meal for them, checking in on them, or just simply stopping by to chat.


What is a good credit?

Anything above 700 is usually considered as being good credit. It will usually mean you have built a fairly good credit history with accounts that have been mostly paid on time. This will give you a really good chance to apply for things like insurance, and borrowing money.


Is using a loan good for your business?

Unfortunately there is no direct answer to this question. Sometimes using borrowed money is the best thing you can do for your business. Sometimes it is the worst thing you can do. What determines the answer is whether your business generates more profit and cash flow if you borrow money. If your answer is yes then borrowing money is probably a good thing. If the answer is no, it probably is not a good idea to borrow money for your business. How does it work? The purpose of borrowing money should be to do more business, to increase revenues and to grow profits and cash flow. But keep in mind that borrowing money increases your costs. So the extra profits and cash flow that you generate with borrowed money should exceed the cost of borrowing the money. If that is the case you get ahead by borrowing. If that is not the case, stay away from the bank. How do you determine whether borrowing money is likely to increase your profits and cash flow? There is only one good way and that is to create a financial model of your business. With the financial model you can simulate the effects of borrowing money. If you do not know how to create a financial model ask your accountant or contact a financial expert. You can also use a short cut to determine whether borrowing money is a good idea or not. But this has limited value and does not give you a precise answer. Here is how it goes. First, estimate how much revenues are going to increase if you borrow money. Second, subtract the variable cost of the increased production. Third, subtract the cost of the borrowed money. If the remainder is positive you are likely to increase your profits by borrowing money. Now you still need to check if the additional cash flow you create with the borrowed money is sufficient to pay back the loan on time. There is one other thing that you have to be aware of before you commit yourself by borrowing money. Risk. By borrowing money you increase your costs. You take on an additional obligation. If things go the way you hope you will make more money. But if they do not go your way you will lose money at a faster rate than if you had not borrowed money. In effect you have turbo charged your company to make more money. As a warning I would like to use an analogy. When you try to get somewhere by running as fast as possible you better know that you are running in the direction you want to go. If you run in the wrong direction you go fast and you will get in the wrong place fast. Have fun with it!


Is high interest rate good or bad?

That depends on whether or not you're lending or borrowing. Lending = good Borrowing = bad


If a neighbor owes you money should you avoid asking for the money on a Sunday?

i would ask anyday cause money is money, but if that person is religous, and if you have a good soul, wait till monday


Good neighbor policy?

good neighbor Policy was between the USA and what country?


What is a good motto for being a officer?

love thy neighbor and treat others as you would want to be treated.


Is the US a good neighbor today based upon Roosevelt's good neighbor policy?

No.


What is the duration of Good Neighbor Sam?

The duration of Good Neighbor Sam is 2.17 hours.


How do you apply for a loan from CashNet?

If you are low on money and need to pay bills, then borrowing money from CashNet may be a good idea. You can apply for a loan on the net and they may give you different loan options to choose from.