Anybody else happy that they were banned ?

[james13v]

Originally Posted by phaz0rz

haha, this is why I simply stepped back from the thread. There are clearly two parties here regarding debt, and I don't see any point in arguing about it past saying we agree to disagree.

I mean, what's wrong with debating, for debating sake? Maybe I'm weird tho, cause I enjoy such things.

[phaz0rz]

Originally Posted by ebaystealth1974

Or are you just speaking of everyone in general?

Yes, I guess.

I conceded your point because I can see the benefits of growing your business with lines of credit. But I can also see the benefits of growing organically without debt. Both sides can be correct depending on the context and the circumstances.

Some would rather not risk our own money with business ventures (the loan party), some of us would rather not risk bankruptcy by getting a loan for something that potentially never makes any money (the no loan party).

I know not what else to say. I like debating as much as the next guy but there are merits to both sides of this discussion so nobody can win, and it's just getting people pissed off.

[ebaystealth1974]

I fully understand the pros/cons of each side. Was just explaining to the NEVER NO EVIL LOANS peeps, that sometimes loans are very beneficial.

Originally Posted by you

Both sides can be correct depending on the context and the circumstances.

Perfectly sums it up!

[james13v]

Originally Posted by phaz0rz

Yes, I guess.

I conceded your point because I can see the benefits of growing your business with lines of credit. But I can also see the benefits of growing organically without debt. Both sides can be correct depending on the context and the circumstances.

Some of would rather not risk our own money with business ventures (the loan party), some of us would rather not risk bankruptcy by getting a loan for something that potentially never makes any money (the no loan party).

I know not what else to say. I like debating as much as the next guy but there are merits to both sides of this discussion so nobody can win, and it's just getting people pissed off.

wait, who is pissed off?

Also, what's worse? Sinking $200,000 of your own money into a business, and it failing, or sinking $200,000 of debt into the business, and having the business go bankrupt? Would you risk the $200,000 cash into something that potentially never makes any money? That sounds a lot more risky than using the banks money. Because, if you're smart, you'll have that $200,000 cash somewhere safe....

[cafonabob1]

I deal with cell phones. There was a seller a few years ago gazelle-stores. They were supposedly buying a used iPhone every 8 seconds, they had commercials on TV, eBay feedback 500,000. Great, great service, an 800 number with live customer support, no questions asked moneyback guarantee, etc.......

Not a registered user.

If you have a brick and mortar business you could have fires, robberies, employee theft, etc....

Getting kicked off of eBay only makes you come back stronger. In the real world your store burns down you need to save again or beg family, etc.. An ebay account is worth nothing, just need to take time to start over. We are all learning important lessons cheaper and faster than brick and mortar store owners did 30 years ago. eBay NARU or Paypal limitation is just as harmful as having the police put yellow tape around a real store. Be prepared.

[solefoodbk]

[/B]

Originally Posted by james13v

I mean, what's wrong with debating, for debating sake? Maybe I'm weird tho, cause I enjoy such things.

Fair enough, then allow me to entertain you.

Let me quote what your original response to my willingness to upload a motivational video,

“ lol The position of power, is from the one that can die tomorrow and that money the bank lent out, can go poof in an instant. And I'd much rather die, with owing the bank money.”

You my friend are backtracking and contradicting everything you have said.


I said from the start, if you COULD make enough to not be dependent why wouldn’t you? Was I speaking specifically about business? No. I believe people were speaking on using loans/credit cards to buy things they cannot afford.

It’s very easy to look as though you are successful. But reality is, and any self made individual agrees with this or .... well I imagine everyone would, you invest what you have then spend what’s left. You do not spend what you have and invest what’s left. That is the fundamental point of the video and what I was saying.

You said as a starting position who cares because if you died while paying interest on x amount of money owed... your dead. So why try to make as much as you can? Why do anything with that thought process?

Maybe if you have a family, which I don’t, you do it for them. Because yes power can mean your kids kids don’t have to go threw the struggle you had too. With respect to all your other examples, again they’re meaningless to me because for one I already said it’s the mindset not the individual. So saying buffet took loans, I don’t know if this is true but regardless I already said I can see it as a START UP for businesses. Every example you gave was for a start up so what point are you trying to make???

I win.

[solefoodbk]

Originally Posted by tinsoldier

Lose the drugs, get a family. Life will follow.

Yeah, you remind me why I stopped posting on the forum. Lol...you pick the one little part of what I said, to say that. Because everyone who doesn’t have kids is on drugs? Great point!

Little people saying things like that. It’s okay, i understand. Give me a good reason to not waste time posting on a forum.