Getting loans.. (WAY off topic)

[Todd....!!]

Well alex,

One goal in messing with money is to NOT have to pay ANY interest, at
least not on a destructive debt, such as interest on a loan that is used
to purchase an item that goes down in value or is merely used up, like
an expensive vacation or expensive meal or night out on the town, that's
known as DESTRUCTIVE DEBT and should be avoided at all costs...

Constructive debt is an entire different story, however.  Such as using
a loan to purchase an item/items which are increasing in value, such as
property or maybe even a stock or mutual fund, if you can get a good
enough interest rate....

One way some people look at getting rich, or even just making a little
bit of money is to use others people money to make YOU money!  This will
most likely cost you interest on the borrowed funds...

I may recommend ya'll checkin out Russ Whitney's system.  I'm in the
process right now of checking him and his system's out, he has a LOT of
well explained(Down to the penny and individual step) procedures for
making a real personal fortune as well as helping distressed people out
at the same time!

I'll be funding my F.I. and turbo projects with income from rentals and
the like...

May even talk Dadio into goin into a partnership with me on a lil
convenience store that's ready to sell for starting at $15,000 asking
price...

The GREAT part is that this store is RIGHT in front of Dad's REALLY
expensively priced subdivision.... Could sell anything from crystal to
Rolex's to King Cobra golf clubs and the like (the subdivision has a
REALLY nice 18 hole golf course and club n all)

AND, of course, I'll just HAVE to have my Hi-Po parts section of the
store for a few Hi-Po knick knacks, like a set or two of Indy heads,
Brodix(for the Chev dudes), and Dart heads n the like for the Mush-tang
dudes as well...

If ya'll can think of some other things that are popular these dayzzz
please let me know?

Thanks!

Todd....

----------
xxalexx at ix.netcom.com wrote:
> 
> How would this work with credit cards?
> I just got sent some low interest convience checks.
> Since I work on call no steady income I have at times
> transfered funds around rather quickly, last time I bounced
> a few credit card payments and credit card  said ok,
> to no service charge and extended my payment another
> month.
> alex
> 
> > I hear that William,
> >
> > And you are correct as far as the way it works where the money borrowed
> > is collateralized by CASH in their bank!
> >
> > Will let ya know if it works out good or bad or null...
> >
> > LATER!
> >
> > Todd....
> >
> > --------
> >
> > William T Wilson wrote:
> > >
> > > On Fri, 28 May 1999, David A. Cooley wrote:
> > >
> > > > >So, what's Check Kiting?
> > > >
> > > > That's where you write a check, buy something get cash back, deposit the
> > > > cash in the bank, write another check etc... basically trying to write
> > > > checks and deposit the money to stay ahead of all the checks because there
> > >
> > > The difference is that with check kiting, if they catch you, you will end
> > > up without enough money to cover it all.
> > >
> > > In this little credit-building scheme, even if you stop making payments
> > > altogether, nobody is out any money because you put the money up in the
> > > first place.
> > >
> > > > of the loan and puts you in default.  the money has to stay there
> > > > until the loan is paid off.
> > >
> > > It does, because you are using the money you borrowed from bank A as the
> > > collateral for bank B.  No particular dollar actually gets used twice.
> >
> >
> >
> >