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Risk versus reward I had a really good opportunity for a private money lender, recently. I emailed the information to everyone I thought would be interested. The deal was to loan money to us at 6% interest only. I noted in the email that 6% was three times what the, and I quote, “high yield” CDs and bonds being are offered for in 2020, according to bankrate.com. The loan was only...
Do your notes need to carry interest? I was at worship the other day with a five-yea- old who was trying to sell his Rubik’s Cube. I didn’t know they still make those things, but for fun, I played along and asked him how much he wanted for the toy. Tyner: “Nine hundred sixteen”. Me: “Nine hundred sixteen what?” Tyner: “Cents.” Me: “OK, how about this; I can pay you 10 cents...
I was at worship the other day with a five year old who was trying to sell his Rubik’s Cube. I didn’t know they still make those things, but, I played along. I asked him how much he wanted for the Rubik’s Cube. Tyner: “Nine hundred sixteen”. Me: “Nine hundred sixteen what?” Tyner: “Cents.” Me: “Ok,” “How about ten cents down, twenty cents a month until it is paid off?” He shouted,...