Interest become a vicious cycle, especially with inflationary creep due to the Fed’s predations.
This adds to the opportunity cost of capital. Should there be some skin in the game, even 1% to keep both parties motivated by more than just good will?
Good point, although (compared to outfits that just give handouts) haveing a monthly payback schedule and possible collections (for principle and in conditions of gross default and failure to work out new term) is having skin in the game.
Also, agree. There's no question that folks contributing are "giving, not just lending" as some criticize, because the ravages of Fed flation mean we are losing purchasing power on our loanable money daily. That's why these are fully tax deductable.
Really cool.
Mixed feelings on interest.
Interest become a vicious cycle, especially with inflationary creep due to the Fed’s predations.
This adds to the opportunity cost of capital. Should there be some skin in the game, even 1% to keep both parties motivated by more than just good will?
Either way, a cool story. Good going.
Good point, although (compared to outfits that just give handouts) haveing a monthly payback schedule and possible collections (for principle and in conditions of gross default and failure to work out new term) is having skin in the game.
Also, agree. There's no question that folks contributing are "giving, not just lending" as some criticize, because the ravages of Fed flation mean we are losing purchasing power on our loanable money daily. That's why these are fully tax deductable.