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The Water Cooler
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Let's talk personal debt
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<blockquote data-quote="Rod Snell" data-source="post: 2019836" data-attributes="member: 796"><p>A good idea is good, and a bad idea is bad, whether you do it a little or a lot.</p><p>The erroneous assumption is that you can "make more from the investment than the cost of the loan," which is seldom true unless you are adding work like in a small business. Even then, look at the small business failure rate.</p><p>Right now, the investment market is unique in history, with the Federal Govt buying the safe investments with printed money to "force investors to invest in high-risk areas to stimulate the economy."</p><p>"High risk" means you can lose the principle, and wind up with less money than if you just had kept it in a box. </p><p></p><p>Money spent on interst on a loan, unless you have a definite business plan, might as well be thrown into the air on a windy day. An investment MAY pay, but the interest money IS GONE.</p></blockquote><p></p>
[QUOTE="Rod Snell, post: 2019836, member: 796"] A good idea is good, and a bad idea is bad, whether you do it a little or a lot. The erroneous assumption is that you can "make more from the investment than the cost of the loan," which is seldom true unless you are adding work like in a small business. Even then, look at the small business failure rate. Right now, the investment market is unique in history, with the Federal Govt buying the safe investments with printed money to "force investors to invest in high-risk areas to stimulate the economy." "High risk" means you can lose the principle, and wind up with less money than if you just had kept it in a box. Money spent on interst on a loan, unless you have a definite business plan, might as well be thrown into the air on a windy day. An investment MAY pay, but the interest money IS GONE. [/QUOTE]
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