Some of them did come to mind naturally, but it’s pretty much impossible to create any sort of brand new sentence, unless you’re eating spicy deep fried peeps, using a Yamaha DX-7 as a plate, at an Olive Garden in Kansas. That might be original. Maybe.
Back in my early twenties I invented the martingale strategy, thinking that I had finally figured out a way to beat the house. I was pretty stoked. Then I talked to my manager about it and he let me know that it was a strategy which has already been proven to fail and has been heavily researched mathematically. Like you said, it’s pretty much impossible to come up with an original thought these days
It’s both really. Knowing people when you know nothing doesn’t do much for ya. But when you’re known as a skilled person by people with opportunities, then that’s a good position to be in.
“We choose to go to the moon and do the other things not because they are easy, but because they are hard. This is just one of those other things.” - My dad quoting JFK at me to get me to do the dishes as a teenager. I don’t think he would remember even saying that to me, but has always stuck with me. Something said about something so monumental being applied to something so benign. But that wasn’t the point, because it was hard for me.
Depends on the point of view. If your biggest risk is you spending that loan money on gambling, then yes paying the debt early would help you get in less trouble.
From an economic point of view, if you don’t need that money at the moment, you should invest it, so that you can make a few bucks. If you get 1-2% more on every transaction that way, it really does stack up at the end, since this will make you exponentially more money.
Tbf I’m really not savvy in loans, but I mean any amount of money X that you have to pay back with Y% of interest in Z days. If you take that loan and you know an investment that will guarantee you (Y+1)% then you should borrow money. (That conclusion is of course completely neglecting risk management)
And that’s why interest on borrowed money tends to cost more than any guaranteed investment. Because otherwise the ones loaning would just take the investment themselves.
You are correct in your theory… In practice however there is no such guarantees, if there were, it would be a perpetual money making machine
Investment opportunities that guarantee a return will always guarantee less than the interest of regular loans. So unless you are a billionaire, there is no such luck.
In practice, regular investment like mutual funds average to x in the long run (10 years or so) but you’d never find a 10 year loan that does not require you to pay regularly and with accrued interest for that time, so it defeats the purpose of taking out a loan specifically for investing long term
Hmm I’ve never thought about it that way. Definitely seems like we’d be better off not getting taxed by employers throughout the year, as then it can offset mortgages etc before paying up.
Not sure what context this is supposed to apply… But I cannot imagine any that would not leave me in an uncomfortable position or being a total asshole
It’s more about non interest scenarios. If payment isn’t due for 30 days, you wait 30 days to pay. If it’s a place that won’t fight you, wait 40 and then pay.
There are so many laws that it’s impossible not to break multiple at once if breaking a big one. Like planning and executing a heist requires you to break a hundred different laws.
I think it’s more like “don’t drive fast with a tail light out” or “come to a full and complete stop at a stop sign if you have (illegal) drugs in your car”.
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