MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 For this case, even if you have 100K to spare, and if the boss still think its sympathy, do you think he care if you have 100K spare cash? he will still think it as doing a favour to you. Even if you have 1 million in the bank, the fact that you loan money from your boss is still consider as owning money. if it isnt an employee benefit as mentioned above then no rational person would go and request for such a loan from your boss when you really do not need it, and risk incurring a unspoken debt with your company. of cos it has to be the benefit scenario, not the sympathy scenario. anyway this is really getting a little off topic of the discussion, but i dont mind carrying on with this debate if you insist. but i agree that you have a point la, just that it is unlikely to be the case for this scenario where you have $100k ↡ Advertisement Link to post Share on other sites More sharing options...
Longhorn 2nd Gear October 14, 2009 Share October 14, 2009 last 3 pages, no one talking abt bmw 318 anymore.... sigh.. Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 14, 2009 Share October 14, 2009 Actually his point is not really good. Ever heard of this? if you mind so much about the small money, how are you going to earn big money? yes prudence in money spending is important, but not to the extend of trying to take advantage of everything possible. steady Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 14, 2009 Share October 14, 2009 (edited) if it isnt an employee benefit as mentioned above then no rational person would go and request for such a loan from your boss when you really do not need it, and risk incurring a unspoken debt with your company. of cos it has to be the benefit scenario, not the sympathy scenario. anyway this is really getting a little off topic of the discussion, but i dont mind carrying on with this debate if you insist. but i agree that you have a point la, just that it is unlikely to be the case for this scenario where you have $100k nay i am not interested in the debate. but just want to comment on this. as it seem 1/2 way through ppl are insisiting that taking a interest free loan is a good and only smart choice. which i think is rubbish. Edit: p.s, i mean rubbish that its the only smart choice. Edited October 14, 2009 by Joseph22 Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 actually, all things can never be equal. some people are just old school. i believe in paid up stuff too. if i had 100k spare cash, i have a feeling i'd squander it on other stuff, so to me the rational decision is to pay it off. agreed, if one cannot control one's finances, it will be more prudent to pay it in full. Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 14, 2009 Share October 14, 2009 steady wah first time you praise me. Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 14, 2009 Share October 14, 2009 wah first time you praise me. hey, you know me by now. I am not against anyone here. dui shi bu dui ren Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 nay i am not interested in the debate. but just want to comment on this. as it seem 1/2 way through ppl are insisiting that taking a interest free loan is a good and only smart choice. which i think is rubbish. Edit: p.s, i mean rubbish that its the only smart choice. agreed, understand where you coming from if there such implications, then it isnt a smart choice Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear October 14, 2009 Share October 14, 2009 stock market was so good to play today, why come here and talk cok? if you had used your opportunity fund for car to play stocks the past few days, now you could be booking a car at the Porsche dealer already... IN CASH Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 14, 2009 Share October 14, 2009 stock market was so good to play today, why come here and talk cok? if you had used your opportunity fund for car to play stocks the past few days, now you could be booking a car at the Porsche dealer already... IN CASH wah if i have the cash to play stock till i can buy porsche in one day. i will not play stock liao... i will go buy my porsche before i loss Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 Actually his point is not really good. Ever heard of this? if you mind so much about the small money, how are you going to earn big money? yes prudence in money spending is important, but not to the extend of trying to take advantage of everything possible. actually also heard of this: a penny saved, is a penny earned. this is definitely not taking advantage of everything, it is managing the financing of assets and liquidity. and if you are really good with equity, and business decisions, and so on, the 100k liquidity can be made to work for you more. this isnt taking advantage of a few thousands, or what. it is $100k for you to take advantage of. but obviously throttle2 thinks $100k is not worth taking advantage of Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 (edited) stock market was so good to play today, why come here and talk cok? if you had used your opportunity fund for car to play stocks the past few days, now you could be booking a car at the Porsche dealer already... IN CASH if play stocks like this, then asking for trouble Edited October 14, 2009 by MrFlax Link to post Share on other sites More sharing options...
Joseph22 Turbocharged October 14, 2009 Share October 14, 2009 actually also heard of this: a penny saved, is a penny earned. this is definitely not taking advantage of everything, it is managing the financing of assets and liquidity. and if you are really good with equity, and business decisions, and so on, the 100k liquidity can be made to work for you more. this isnt taking advantage of a few thousands, or what. it is $100k for you to take advantage of. but obviously throttle2 thinks $100k is not worth taking advantage of to us mortal 100K is alot. but there are ppl who are so rich that 100K is nothing to them lah... but sometimes each value is different, certain ppl rather not take any loan for certain things even if interest free, but prefer to take loan for other things. Like for me, if i were ever to own a condo, i will rather pay off everthing, but if own a landed i dont mind taking a loan. (comparision is base on both condo and landed are at same price.) Link to post Share on other sites More sharing options...
Longhorn 2nd Gear October 14, 2009 Share October 14, 2009 Hi mrflax. I see your POV, but I also see throttle Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear October 14, 2009 Share October 14, 2009 if play stocks like this, then asking for trouble then where do you put your "opportunity fund" then? in your model toy car SLR? hope that it becomes like wishing well, one day you wake up become real one? Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 to us mortal 100K is alot. but there are ppl who are so rich that 100K is nothing to them lah... but sometimes each value is different, certain ppl rather not take any loan for certain things even if interest free, but prefer to take loan for other things. Like for me, if i were ever to own a condo, i will rather pay off everthing, but if own a landed i dont mind taking a loan. (comparision is base on both condo and landed are at same price.) yea, so taking advantage of $100k is really not just taking advantage of single everything. it is an important decision, unless you as carefree as throttle is with his money. thats interesting, care to share why the different financing for condo and landed Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 Hi mrflax. I see your POV, but I also see throttle Link to post Share on other sites More sharing options...
MrFlax Neutral Newbie October 14, 2009 Share October 14, 2009 then where do you put your "opportunity fund" then? in your model toy car SLR? hope that it becomes like wishing well, one day you wake up become real one? is there a unspoken rule that avatar must be the car u drive? u seem to be outraged by my avatar... relax yea. ↡ Advertisement Link to post Share on other sites More sharing options...
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