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| Personal Loans Discuss personal loans, secured and unsecured, and general borrowing. |
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Hello everyone, first post here.
I am graduating college tomorrow and I have no debts what so ever, and I want to get in the business of making money on day 1. This is what I have been thinking and want to know what the best way is to make an acquisition on such a loan I am about to write about. Here is the kind of loan I want. I want to get somewhere around 500,000 dollars and put that money to work. Do you think a bank will make a loan on this type of deal? 500,000 loan 1 year grace period. after the grace period i will start paying back at 50% interest for something like 200 years(I can't remember the exact time period I came up with). Basically I want 500,000 dollars to put to work(I am not the kind of fool who will be buying a yacht or some shit, and I am extremely cheap as hell a.k.a. thrifty) for one year for free and then pay back a HUGE interest rate afterward. By my projections I will be able to triple that money within 2 years and at least make 1.5 times the amount in 1 years time. So pretty much I will have it payed off by then. I was thinking that if they were giving loans to people with no income and no assets and no money down houses, then shit, why the hell would I not qualify for something like that. Besides I will be putting the money to use and making money and not be in a fuck nut scenario like the people with houses. I have no debts and I have about 70,000 I have saved up working over school and investing in my spare time. I will have the loan paid off too within that year, that much I know. I have never taken a loan out for anything before in my life(I worked and saved my whole life)so this is a little different for me and I would love to hear from each and every one of you, your unique individual advice. Last edited by Tomgeschrey; 12-10-2008 at 06:50 PM. |
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