February 02, 2009
I've found the key to being debt free. And all it requires is a gracious man with a deep bankroll.
Let's say you have $50,000 of student loan debt. Boy, wouldn't it be nice to get out from under it.
So, how about Warren Buffett or Bill Gates starting a non-for-profit debt removal company? Here's the business model. They play high-stakes roulette, and put $50,000 on red. If they win, the debt's canceled and they get their money back. If they lose, they put $100,000 on red. If they win, the debt's canceled and they get their money back. If they lose, they put $200,000 on red, and so on.
With near 50/50 odds, they will likely win within two rounds. But, even if they don't, the likelihood of losing 7 times in a row is under 1%. And they're not even close to their bankroll limit by then.
The reason why everyone doesn't do this? Because they don't have the bankroll to keep doubling up, and there's a risk of losing EVERYTHING. With these guys, the risk is literally infinitesimal.
Shall we play?
2020 was a particularly great year for new music. Reminder: Eric likes his music Xanax-style. Mostly chill. Especially necessary during 2020...
Both in Peoria and up here in the Chicago suburbs, I have had multiple Jimmy Johns employees who have memorized my order and start preparin...
This post has been contributed. You’ve undoubtedly heard it by now. We are living an unsustainable lifestyle as a species. The fact tha...
It's too easy to be good. I've already made the claim of how the addition of clapping in pop songs is unfair. Because it's cont...