View Single Post
  #23   Report Post  
posted to alt.sailing.asa
Scotty Scotty is offline
external usenet poster
 
First recorded activity by BoatBanter: Feb 2007
Posts: 329
Default A QUOTE FROM STERLING HAYDEN'S BOOK, WANDERER


"Wilbur Hubbard"

You seem to have forgotten all about the credit card

service charge.

Service charge? WTF?

I'm
afraid you will pay them more than any interest bearing

checking account
will pay you.


WRONG!


Credit card companies aren't stupid.


No, but they're greedy. One can take advantage of this if
one knows how. Obviosly you don't.




Voodoo math.


Translation; I don't understand it.



What ALWAYS remains constant is the borrower is charged
higher interest for borrowing than he receives for

investing. The man
who wishes to get rich lends. That's a fact.



Your fact is WRONG!

SBV