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Old 11-17-2014, 10:10 PM   #42 (permalink)
Magic Bus
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Quote:
Originally Posted by btimola View Post
I have my own business which makes money 24hrs. Im out of town and its making more money. Most of my money is re invested into the business. Im also 27 years old. I hate owing and paying interest which is why i pay them off. I own my own home as well, well owe it since i just got it a year ago. So no i dont do stocks as for me the payoff is too small for me when i can invest in my business. With 10k i can net an easy 1k a month instead of $600 a year. I also buy and resell many things like atvs.
With 10k you can net an easy 1k return a month, which equates to better than a 120% annual return on your investment. So why not make a car loan for 1.99% and earn over 120% on the money you didn't use to pay off the car with? You just reinforced my earlier point by well more than 100%
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