Subj : Re: Y'all or Ya'll?
To : MRO
From : Arelor
Date : Thu Jul 20 2023 04:41 pm
Re: Re: Y'all or Ya'll?
By: MRO to Nightfox on Thu Jul 20 2023 11:47 am
> people do that all the time. whats wrong with that?
>
The issue is people is deciding to take 15% interest loans in order to go on
vacations to cool places instead of going on vacation somewhere they can
actually afford - often with no good plan to pay the debt off.
Debt has two specific functions. The first one is to use it as a lever so you
get to make money wihtout losing capital: you buy a machine on a loan, then usethe machine to generate money, pay the loan off and then generate profits. The
second is getting things you MUST get but you cannot afford right away.
Getting a 3k USD loan in order to waste it in Paris when you could spend 400 inTorrevieja is abusing your luck, specially because people who tends to do just
this have a very poor cashflow.
It is not "wrong", in the sense that I don't think it is wrong for people to
spill their guts in ritualistic suicide if that is what they feel they need to
do. I just think it is bad for a lot of people doing it.
--
gopher://gopher.richardfalken.com/1/richardfalken
---
� Synchronet � Palantir BBS * palantirbbs.ddns.net * Pensacola, FL
