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$400K Richer than $1 million

 
Anonymous Coward
User ID: 38178691
Russia
06/02/2013 07:50 PM
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$400K Richer than $1 million
Let's say I have $400,000 and I do not have to pay any loan.

Mr. B has $1 million but Mr. B has to pay loan of $750,000

So who is richer ?
Anonymous Coward
User ID: 13127957
United States
06/02/2013 07:52 PM
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Re: $400K Richer than $1 million
You would be richer, because you have no debt.
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 07:53 PM
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Re: $400K Richer than $1 million
You would be richer, because you have no debt.
 Quoting: Anonymous Coward 13127957

Mr. B will add 20% or 30% interest every year for that $180,000 loan.
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 07:54 PM
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Re: $400K Richer than $1 million
Correction:

Mr. B will add 20% or 30% interest every year for that $750,000 loan.
Anonymous Coward
User ID: 13127957
United States
06/02/2013 07:55 PM
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Re: $400K Richer than $1 million
You would be richer, because you have no debt.
 Quoting: Anonymous Coward 13127957

Mr. B will add 20% or 30% interest every year for that $180,000 loan.
 Quoting: Anonymous Coward 38178691


If Mr. B is that stupid to pay 20-30% interest, then he will be broke soon.
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 07:58 PM
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Re: $400K Richer than $1 million
If Mr. B is that stupid to pay 20-30% interest, then he will be broke soon.
 Quoting: Anonymous Coward 13127957

Let's say I have $20000 in my HSBC bank account and I make payments of $20,000 by HSBC credit card.

Now I withdraw $19,500 from my account and I do not pay HSBC $20,000 for my credit card payments.

What can bank do about it because they do not ask for security when the issue credit cards and credit cards are high interest loans.

If I keep $20,000 in my bank account then they will take $20,000 from the account from credit card payments.
Anonymous Coward
User ID: 13127957
United States
06/02/2013 07:59 PM
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Re: $400K Richer than $1 million
Anonymous Coward
User ID: 13127957
United States
06/02/2013 08:00 PM
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Re: $400K Richer than $1 million
If Mr. B is that stupid to pay 20-30% interest, then he will be broke soon.
 Quoting: Anonymous Coward 13127957

Let's say I have $20000 in my HSBC bank account and I make payments of $20,000 by HSBC credit card.

Now I withdraw $19,500 from my account and I do not pay HSBC $20,000 for my credit card payments.

What can bank do about it because they do not ask for security when the issue credit cards and credit cards are high interest loans.

If I keep $20,000 in my bank account then they will take $20,000 from the account from credit card payments.
 Quoting: Anonymous Coward 38178691


You probably could do that, but eventually it would hurt your credit.
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 08:04 PM
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Re: $400K Richer than $1 million
You probably could do that, but eventually it would hurt your credit.
 Quoting: Anonymous Coward 13127957

My Email to:

Hello Jim,

I want to buy $1,000 worth of advertisement my website [link to ll0.in] I want to send you a bank-wire for $1,000 because paying 30% interest for credit cards in stupidity. I will pay $20 more for the bank-wire fee.

I have purchased around $900 ads with [link to ll0.in] till now and now I think I should have send you a bank wire for $900 instead of using credit cards and paypal for small payments. Both paypal and credit cards are headaches.


Jim has offered me 20% discount for Advertisement purchase over $700.

Now I save 20% interest of Credit cards when I send bank wire or check. So I earn 40% profit at the start.
Anonymous Coward
User ID: 7570540
United States
06/02/2013 08:08 PM
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Re: $400K Richer than $1 million
Is the other guy's debt for financing a money-making venture? If he brings in $250K a year for going into debt to make money and you have all your cash in the bank collecting next to no interest, he will surpass your wealth in short years.

On the other hand, if he has a million but then went out and bought a $750K house and you live in a paid-off property then of course you are wealthier.

It's all relative.
Useless Cookie Eater

User ID: 29696048
United States
06/02/2013 08:09 PM
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Re: $400K Richer than $1 million
Let's say I have $400,000 and I do not have to pay any loan.

Mr. B has $1 million but Mr. B has to pay loan of $750,000

So who is richer ?
 Quoting: Anonymous Coward 38178691


That TOTALLY depends on the interest rate you are getting for the 400K and the 750K.
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 08:10 PM
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Re: $400K Richer than $1 million
Is the other guy's debt for financing a money-making venture? If he brings in $250K a year for going into debt to make money and you have all your cash in the bank collecting next to no interest, he will surpass your wealth in short years.
It's all relative.
 Quoting: Anonymous Coward 7570540

20% to 30% interest for credit cards is highway robbery when Gold and silver price have fallen -40% this yea.

I use credit cards for international online payments only.

Debit cards or cash for shopping and hotels.
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 08:12 PM
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Re: $400K Richer than $1 million
That TOTALLY depends on the interest rate you are getting for the 400K and the 750K.
 Quoting: Useless Cookie Eater

VISA, Mastercard and banks had been given warnings about processing payments for porn/sex websites and use of credit cards/debit cards by prostitutes, sex maniacs and criminals.
Useless Cookie Eater

User ID: 29696048
United States
06/02/2013 08:14 PM
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Re: $400K Richer than $1 million
That TOTALLY depends on the interest rate you are getting for the 400K and the 750K.
 Quoting: Useless Cookie Eater

VISA, Mastercard and banks had been given warnings about processing payments for porn/sex websites and use of credit cards/debit cards by prostitutes, sex maniacs and criminals.
 Quoting: Anonymous Coward 38178691


....and what relevance does that have to the original question or my response?


wtfdoc
Anonymous Coward
User ID: 35137568
United States
06/02/2013 08:16 PM
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Re: $400K Richer than $1 million
SPAM!!! DO NOT CLICK OPs LINKS!!! SPAM!!!

Fuck off madarchod Vishal Rawat you useless idiot Indian spammer COCKROACH

Peeps, this guy is a notorious forum spammer and scumbag who hits GLP and other forums several times a day, GOOGLE THE NAME and DON'T CLICK on any of the short urls he posts, they're a redirect to his POS scam ad riddled pink website and getting your hits only encourages him.

REPORT HIS ASS, bury the mods in them until they 86 this scum forever.

LOL
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 08:17 PM
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Re: $400K Richer than $1 million
....and what relevance does that have to the original question or my response?
 Quoting: Useless Cookie Eater

Billionaires and industrialists want 20% profit and growth every year so they allow sex industry to multiply.
Useless Cookie Eater

User ID: 29696048
United States
06/02/2013 08:19 PM
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Re: $400K Richer than $1 million
....and what relevance does that have to the original question or my response?
 Quoting: Useless Cookie Eater

Billionaires and industrialists want 20% profit and growth every year so they allow sex industry to multiply.
 Quoting: Anonymous Coward 38178691


I would like that profit and growth every year.
....so would most businesses in the USA.

Still....that has NOTHING to do with your original question.

clues
Anonymous Coward
User ID: 1342725
United States
06/02/2013 08:20 PM
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Re: $400K Richer than $1 million
You are richer than I.
Do you have any single daughters?
Anonymous Coward (OP)
User ID: 38178691
Russia
06/02/2013 08:23 PM
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Re: $400K Richer than $1 million
You are richer than I.Do you have any single daughters?
 Quoting: Anonymous Coward 1342725

That day the fruit seller asked me "you have 2 children 6 feet 6 inches tall"

My picture when I was 22 years old: [link to i1126.photobucket.com]

How tall I am ?
Anonymous Coward
User ID: 1342725
United States
06/02/2013 08:27 PM
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Re: $400K Richer than $1 million
I don't give a fuck.
I want to marry for your money and give it to the poor.





GLP