Housing issues aside...Why is it when people in this country leverage themselves to try and get ahead (college for instance) it's bad, but with business it's a considered a gutsy move?
I've taken what I considered huge risk in the past, using credit cards, cash and home equity lines of credit in order to do it. These were risks I assumed so I could get ahead in life. While they were ( It thought) very well thought out, it only would take one stroke of bad luck, or one thing I hadn't thought of to spank my ass and wipe me out. When you leverage yourself, you can't always win, it simply doesn't work that way.
That's what I just said. I put my last credits on my credit card because I had to get my degree. But then again, when you get free schooling from the military, what the fuck does he know, right?
I don't blame you...if you had a semester to go and don't finish, all that other debt was just wasted. But why credit card? Surely any student loan would have had a better rate. Cards are often 20+%. Gov't student loans are usually discounted relative to private student loans, but I would imagine both to be cheaper than a card.
I couldn't receive any more student loans, that's why I put it on the card. Believe me, I spoke extensively w/the financial aid office, couldn't do it.
