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Anybody else happy that they were banned ?
 

It just got me thinking ...

I am actually glad I was banned from ebay otherwise I would have never forced myself to discover stealth and would have lived everyday in anxiety and panic wondering whether I could run my business and put food on the table.

Fast forward a year because of this forum and knowing for sure that I can get back on the platform to continue business is probably the best sense of security I have had in years ...

I would say even if you haven't been banned from ebay or paypal. Still take the time to learn stealth it's probably the best way to run your business and have a sense of control. Otherwise ebay/paypal control your business.

Re: Anybody else happy that they were banned ?
 

Agree completely.

Re: Anybody else happy that they were banned ?
 

When i had my first account i didnt even know it can be limited.

Re: Anybody else happy that they were banned ?
 

Amazing :amen:

Re: Anybody else happy that they were banned ?
 

sometimes it is better to pay rent and let the landlord deal with all the problems,unless you live in a city where rent just keeps going up,up and up!!!!!!!!!!!!

Re: Anybody else happy that they were banned ?
 

That's like saying its better to lease a car cause you don't have to pay for maintenance. We have been trained to think convenience is worth instability.

The new form of slavery is constant debt (car payment/lease, mortgage, etc). Get rid of those and your life changes. Your purpose for working changes.

Re: Anybody else happy that they were banned ?
 

Ok, then what happens to the people that need those credit cards or payday loans? They use them out of desperation. You can't exactly teach people to sensibly manage their finances, which is why they got to that place in the first place. Once there, you can't teach them how to sensibly manage debt, to get out of where they ended up. I used to sell house financing during the bubble. I saw way too many people refinance at 110% house value, on the house that was already increased in price by twice, and what did they do? They bought cars and went on vacations. They didn't pay off debt. No matter how much I advised otherwise.

people are in poverty for a reason, and they aren't going to leave it anytime soon because payday loans and credit cards are removed.

Re: Anybody else happy that they were banned ?
 

I mean, try not paying your property taxes, or car registration/insurance, and lets see how much you actually own those things outright lol.

Personally, I'd rather take that $200k case, and invest it, while paying $1000 a month for the mortgage. Or sink the $200k into your house, and feel comfortable that you own a house. Until it floods. Until the roof collapses. Until until until. Use debt to your advantage.

I went with a friend to help her buy a car. she had the $30k cash to spend. I told her she should take their offer of 6 years 0% financing. But no, " debt is bad!!".
Fast forward to a month later. " oh no, you were right. I need $10,000 to fix an issue with the house, and I spent it all on the car".

When buying money is cheap, buy the money. Leverage debt. Cash is always king, and having it, while letting a bank take all the responsibility, is the way to go.

Re: Anybody else happy that they were banned ?
 

I've never been banned on my original accounts. On the contrary, eBay permitted me to sell on another account, only adding that I must not sell the same items on both accounts.

Like hell, I wanted to colonize my niche, so I stumbled on this forum and spawned many other accounts.
I've lost stealth accounts but thanks to this forum, there's always more.

This forum is the sole reason for the depth of my success selling on eBay, and I think that would be the same story for most of us.

I wish there were an easy way to give back something for the preservation of this forum. Perhaps a contribution button that allows us to voluntarily donate to a pot for maintenance of the forum, features and possibly research that will enable us to be prepared for whatever these marketplaces throw at us. I'd gladly support any such endeavour.

Re: Anybody else happy that they were banned ?
 

A house is not like a car,if there is problem with your car,you can take it to a repair shop and they can fix most problems,if they do not,say paint job,they can get a subcontractor.
With a house,the one who does your roof,does not do backyard fence,plumbers are no electricians,termites and ants control,lawn mower,painters do not remove carpets or do drywall,A/C,water heater,windows,some can be quite expensive.

Re: Anybody else happy that they were banned ?
 

$300???? lol where the hell do you live!

Re: Anybody else happy that they were banned ?
 

could it be $3000.
Mine is $2837 plus $550 subdivision annual maintenance fee

Re: Anybody else happy that they were banned ?
 

... and the award for most contradictory statement of year gooeeess tooooooo..... :lol:

Re: Anybody else happy that they were banned ?
 

The way I read it, the analogy made sense. :noidea:

Re: Anybody else happy that they were banned ?
 

He criticized renting, then goes on to bash a mortgage.

Re: Anybody else happy that they were banned ?
 

$2837 is low,it was $3700 back in 2003 when the house was built .
whether you rent or buy with a mortgage,you still have monthly payment,unless you pay cash for the house.

Re: Anybody else happy that they were banned ?
 

He wants us to pay cash for the house

Re: Anybody else happy that they were banned ?
 

Yes being banned from Ebay is a marvellous thing, historically my best work i've ever done has been when my back has been to the wall. Over a decade ago I started scouring the internet to look for solutions and came across this forum

Re: Anybody else happy that they were banned ?
 

I guess everything happens for a reason.

Just be grateful that Aspkin made this place.

Re: Anybody else happy that they were banned ?
 

You should not be buying cars you cannot afford. If you cant pay it cash (or in one shot) then you should really look at the want vs need in that purchase. Don't get me wrong, we bought a new car last year. But we paid it off within the first month.

If you don't think that paying double the cost of a house in a mortgage is slavery then we have different ideas. The goal is not to owe money. period. Do i have a mortgage? Yes. Will i pay it off much earlier than 30 years? God willing it will be paid off by the end of 2022.

Re: Anybody else happy that they were banned ?
 

Negative situations weed out those who give up versus those who persevere. You all had it in you to be successful, you just had to experience certain negative situations to bring out that strength you had in you.

Suffering can be a good thing... no one likes it while you go through it, but if you learn from it and persevere, it will help you grow... just like giving birth, its painful to go through it, but right after its done you forget all about the pain and focus on the new gift given to you. Got to take the good with the bad, I'm glad I found this forum and am able to work my way back up.

Having options is always a blessing.

Re: Anybody else happy that they were banned ?
 

so I wasn't the only one thoroughly confused by the statement?

Re: Anybody else happy that they were banned ?
 

If you can't take $200,000, and double it in 15-30 years, then you really don't belong being self employed.

The goal is, to have as much cheap debt as you can, and use that money to make more money. Debt is only bad for " wage slaves". And even then, depending on the interest rates, I'd much rather have cash in hand, than a house or car I'd have to sell, in order to take cash out if ever came a need for it in the future.

I couldn't give a rats ass if that $200,000 cost me another $200,000 over the course of 30 years. I would have used the $200k I just saved by not paying cash, and use that to buy inventory, and would have turned that $200k into $2,000,000 before the mortgage has even come close to being paid off.

I would have thought, of all places, this forum I'd find people of like mind lol.

Re: Anybody else happy that they were banned ?
 

Yankee is very big on playing the finance game, too.

It's just not for me. The extent of my credit usage is using CC's to buy postage which earns bookoo points and causes the CC company to lose money on me. Regardless of my financial standing I would rather pay for my things in cash after saving up enough to comfortably do so. I like to finance things for family members and have monthly payments coming in instead of going out.

Re: Anybody else happy that they were banned ?
 

making your wife your debt slave :lol:

Re: Anybody else happy that they were banned ?
 

hey, I'm not judging!

Re: Anybody else happy that they were banned ?
 

Not at all... I don't even think HE knows what he means! :lol:


Good luck. Most people here... well, I ain't gonna say it. Just poor business people with a low financial IQ.

MOST, not all. Don't go and get offended on me. :)

Re: Anybody else happy that they were banned ?
 

Re: Anybody else happy that they were banned ?
 

:lol::lol::lol:

Re: Anybody else happy that they were banned ?
 

I personally would never pay cash for a new car etc.... The rates you get the past decade or two is essentially free money. 0%, .09%, 1.9% etc.... Just picked up another vehicle I need for the RV business. 2017 diesel. 3.9% It would be crazy for me to hand out 50k for a truck compared to paying 3.9% I make a heck of a lot more than 3.9% on my money.
Just as an example.

Re: Anybody else happy that they were banned ?
 

Exactly. I will only pay cash for something when I have too much money to invest into my business. Which will be no time soon! :lol:

Re: Anybody else happy that they were banned ?
 

I would only borrow money for something that makes me money. Being debt free in life is a good feeling

Re: Anybody else happy that they were banned ?
 

I avoid needless debt. I never buy anything on finance if I have alternatives. Credit card is fully paid every month and only took it out just to improve my credit rating.
No overdrafts or car finance. My car is old and must have had 5 owners before me. But just as Galileo retorted, "And yet it moves"

Re: Anybody else happy that they were banned ?
 

so you've never needed to buy inventory, and didn't have the cash on hand? Never found inventory that you knew you could have turned around quickly, or inventory that would make you WAY more money than whatever piddly interest rate you might be charged?

I guess the issue comes down to, what's considered needless debt. Especially when it comes to an entrepreneur

Re: Anybody else happy that they were banned ?
 

For sure... along the way in this eBay business you get to learn a lot of things that you would not know without their suspension.

Re: Anybody else happy that they were banned ?
 

IMO, it comes down to how good of a job you've done saving in the past leading up to the point where you suddenly need a cash infusion. There's been plenty of times when an opportunity popped up where I could invest in a new product line and make a bunch of money. I just wire $ from my bank account rather than going to apply for a loan. :peace:

being frugal and saving as much as possible > going into debt to expand

I understand that, especially in business, there are times when it's necessary to borrow money. But that should be like, when you're wanting to open a new location and you need a half mil or some huge number. (just my opinion - don't tear me a new one).

I mean.. how do you calculate your net worth when you're in debt? Add up all your cash assets, then subtract your loan amount(s)? So most would have a negative net worth until the mortgage is paid off?