Rank: Elder Joined: 3/2/2009 Posts: 26,335 Location: Masada
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murchr wrote:Impunity wrote:murchr wrote:Impunity wrote:murchr wrote:Si mtalipa tu, you want good roads, high salaries, free education/healthcare, free everything....what do you expect?
Anyway, 50% of GDP is optimal. Ever heard of the word leverage? Use other peoples money to create wealth...wealth is never created out of thin air. (Too complex for @Impunity to understand) Mimi niko debt-free and very liquid at the moment, sitaki stress.  There's nothing fancy about being debt free. Figure this you take your earning to the bank then the bank gives you a point something interest at the end of the year. Kamau goes to that same bank, gets some debt which he will payback lets say at 12%. He uses the money to buy some land and develops, sells it a year later at a profit of close to 100% gives the bank what he owes then goes on to the next project. Between the 3 of you, who's the smartest dwarf. Back to the issue, you take up debt to build your capacity...pay back the debt with what you generate from your investment. You the dwarf @kamau, who told you I dont have tu-prots? Kamau the dwarf like you will go borrow from the bank and buy my plot then I will use the money to buy some plot and wait for him to come back 3 years later to by a new plot from me. Who is dwarfer now? You dont necessary need to borrow in order to grow weoth. What you need is the original capital which manage very well. I told you this is too complex for you to understand. Mara you are liquid now you are solid.  Keep creating that wealth from thin air. Adios! Laughing at your folly?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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