Man takes his $12/hr job and invests. His new networth is over $500,000.

[WheresWallace]

exactly


but if you cant then i guess u just a sucker


did she buy her 1st home outright

Why are you so offended? If it makes sense to take a loan...then take a loan. I don't give a damn what other people do. Damn breh, you want me to apologize or something?

 

[Sonic Boom of the South]

Why are you so offended? If it makes sense to take a loan...then take a loan. I don't give a damn what other people do. Damn breh, you want me to apologize or something?

wtf

so u make a statement

that is straight out dumb

and wonder why it is pointed out for being dumb


the coli

 

[concise]

great for you


i guess all these other home owners who took out home loans are suckers


fukking people with millions who don't buy out their homes outright and instead invest their money are suckers




i guess your 30k home will show them



shipping container home

 

[WheresWallace]

wtf

so u make a statement

that is straight out dumb

and wonder why it is pointed out for being dumb


the coli

My statement is not dumb. If you can AFFORD to NOT take a loan out then...Yeah taking out loans is for suckers.

Live out of your means...take loans so that you pay interest...and additional fees brehs.

FOH, you probably paying a car note right now and that statement hurt your feelings. Lame.

 

[Scientific Playa]

Dope...I actually bought a couple plots of land over there. I plan on Building a structure there eventually. Currently, I just own the land (which already increased in value.)

good move .... breh named lawyer posts the knowledge ....

http://www.nairaland.com/properties

10 Commandments Of Buying Land In Lagos For Beginners (1) (2) *
by lawyer.


http://www.nairaland.com/lawyer

 

[Sonic Boom of the South]

My statement is not dumb. If you can AFFORD to NOT take a loan out then...Yeah taking out loans is for suckers.

Live out of your means...take loans so that you pay interest...and additional fees brehs.

FOH, you probably paying a car note right now and that statement hurt your feelings. Lame.

you make one statement then when pointed out as being stupid you change it


and i own HOMES
one I purchased in 2011-still paying mortgage on(but being rented out-so not really)

and others that have been paid off from renting



and yes- I do pay a car note- considering the return on the money invested is higher than the low interest rate i pay- i come out with more money for me


but let you continue to drop your prison logic and talk about shyt

 

[Family Man]

Lots of fukking idiots in this thread.

 

[WheresWallace]

you make one statement then when pointed out as being stupid you change it


and i own HOMES
one I purchased in 2011-still paying mortgage on(but being rented out-so not really)

and others that have been paid off from renting



and yes- I do pay a car note- considering the return on the money invested is higher than the low interest rate i pay- i come out with more money for me


but let you continue to drop your prison logic and talk about shyt

I aint change a damn thing. Are you high on bath salts or something...where did I change anything?

Take out loans if they work for you. Do you. I said to each his own a million times. Yet you still PMsing. You disagree with me. That's cool. :suredude:

As I said before, I dont give a damn what you or anybody else is doing. :camron:

 

[Sonic Boom of the South]

• Taking out loans is for suckers. (Once I pay off my student loans credit unions and shiit.)

My statement is not dumb. If you can AFFORD to NOT take a loan out then...Yeah taking out loans is for suckers.

Live out of your means...take loans so that you pay interest...and additional fees brehs.

FOH, you probably paying a car note right now and that statement hurt your feelings. Lame.

I aint change a damn thing. Are you high on bath salts or something...where did I change anything?

Take out loans if they work for you. Do you. I said to each his own a million times. Yet you still PMsing. You disagree with me. That's cool. :suredude:

As I said before, I dont give a damn what you or anybody else is doing. :camron:

you are fukking trolling right now

 

[WheresWallace]

you are fukking trolling right now

I said if you can AFFORD to NOT take a loan then why take a loan. I still stand by that. Example, if you have millions and you are liquid enough to purchase a home (not investment property) why take out a loan when you can buy outright?

Im done breh. Good luck in all your future endeavors breh. Get ya money.

 

[philmonroe]

I said if you can AFFORD to NOT take a loan then why take a loan. I still stand by that. Example, if you have millions and you are liquid enough to purchase a home (not investment property) why take out a loan when you can buy outright?

Im done breh. Good luck in all your future endeavors breh. Get ya money.

Its 50/50 depending who you talk to but the reason is to use the money that you used paying stuff off straight cash homie on another investment esp when you get low interest rates

 

[WheresWallace]

Its 50/50 depending who you talk to but the reason is to use the money that you used paying stuff off straight cash homie on another investment esp when you get low interest rates

Yeah exactly. It really can go either way. The benefits of taking out a loan is that you are more liquid than if you paid straight cash. @Geoffrey_Chaucer has investment properties so it benefits him, but if you are buying a home that you will live in, and you can afford to buy it out, then why take a loan.

Taking out a loan on an investment property has its risks as well, you still have to account for vacancies...in which case you pay the borrowed money as well as interest so there are too many x factors when discussing taking loans. It really depends on what the loan is for and what direction you want to take.

Geoffrey must work at a bank or something you would think I disrespected Jesus the way the niigga caught feelings.

 

[concise]

I said if you can AFFORD to NOT take a loan then why take a loan. I still stand by that. Example, if you have millions and you are liquid enough to purchase a home (not investment property) why take out a loan when you can buy outright?

Im done breh. Good luck in all your future endeavors breh. Get ya money.

Nah, breh.
Man, in a thread about a dude who never made more than $12/hour and never made more than $20k in a year ... you make a concrete statement, "taking out loans is for suckers" with later revisions only after being pressed.

 

[Sonic Boom of the South]

Yeah exactly. It really can go either way. The benefits of taking out a loan is that you are more liquid than if you paid straight cash. @Geoffrey_Chaucer has investment properties so it benefits him, but if you are buying a home that you will live in, and you can afford to buy it out, then why take a loan.

Taking out a loan on an investment property has its risks as well, you still have to account for vacancies...in which case you pay the borrowed money as well as interest so there are too many x factors when discussing taking loans. It really depends on what the loan is for and what direction you want to take.

Geoffrey must work at a bank or something you would think I disrespected Jesus the way the niigga caught feelings.

son you flat out made the statement: "Taking out loans is for suckers."


then change it to

if you can pay it off- it is best to do so instead of a loan




you original statement flatly implies all loans are stupid

fukking billionaires built their empires off loans

the fukking United States of America takes out loans
but magically all loans are stupid



i fukking swear man'



gawt dam

 

[WheresWallace]

son you flat out made the statement: "Taking out loans is for suckers."


then change it to

if you can pay it off- it is best to do so instead of a loan




you original statement flatly implies all loans are stupid

fukking billionaires built their empires off loans

the fukking United States of America takes out loans
but magically all loans are stupid



i fukking swear man'



gawt dam

What ever you say Warren Buffet. :suredude:

Im so dumb yet you are going back and forth with me. :camron:...what does that make you...

Just ignore me...or put me on ignore, financial genius. I think you just like to argue...that's feminine breh. :ill: