Quote:
Originally Posted by L-Pink
I am far from rich but do owe everything I have to a $75,000 loan I got from my grandfather, thru my father when I was 23. I did pay back $125,000 within 2 years.
Paying the loan back was expected. The interest I insisted. On the other hand my brother and sister both graduated from college and their education bills were never paid back nor expected to be paid back. Go figure.
|
I too started out with a loan of $50,000 which I paid back over a five year period plus interest. It started me out in a business that I continued in for more than twenty years. Since I define being rich as having a minimum personal income of one million gross per year I am not currently rich...but I do have more money invested in the market than the average bear...more than I will use in my lifetime.