Quote:
Originally Posted by Old Tele man
As Shakespeare wrote in HAMLET:
Polonius: Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
Hamlet Act 1, scene 3, 75–77
...and there's nothing worse than a dull husbandry tool (wink,wink).
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LOL.
My friend doesn't need the money; he just didn't want to take out a mortgage on an investment property, and I wanted more than the 2% interest I was getting on my checking account. He can pay it off within a couple days notice.
The most I've ever loaned a friend in need was $1k. I've probably made loans on a dozen occasions and always got my money back eventually. I don't loan anything I'm not willing to lose.