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How much help (financial and otherwise) should a person take from others?

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Shashwat

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Dec 28, 2018
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So basically I live in Mumbai, and I will be starting my business after completing my education.

My parents are upper middle class, so they can probably help with some finance when I begin, but I will not take any help unless I need it desperately. However I want to know, what do fastlaners think about how much help should a person take from parents, relatives, etc.

Another question is a bit location based. The population of my city is estimated to be around 22 million (more than some countries lol), so there are a lot of helpful people (alongside unhelpful people). If I am starting on my own, to what extent should I take help from others (practically a lot of things can be done by help from other people, provided you have the patience to request again and again and try many people).

I want to know the views of people from this forum.
 

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ChrisV

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I think that those 'helping hand' types arangments are designed to benefit society. For instance in New York (US) tuition is now free for any state college... provided you stay in the state for at least 4 years. The motivation behind this is obvious. They want to boost the economy. So if you accepting 'help' will lead to a better society, I don't see any shame in it.

But I do think, especially in this case, it's important to make sure your business will actually benefit the people around you.
 

Ing

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A friend got financial help from his parents for a business.
His partners were cheating him. When the money was gone, he had nothing but experience.
Lateron he built up a business and than went the fastlane way.

What i want tosay: be careful with foreign money more than your own.
Only take foreign money, when you are sure.

Just my 2 cents
 

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