Joke: How the rich think...
A man walks into a bank in New York City and asks for the loan
officer. He tells the loan officer that he is going to China on business
for two weeks and needs to borrow $5,000. The bank officer tells him that the bank will need some form of security for the loan, so the man hands over the keys to a new Ferrari parked on the street in front of the bank.
He produces the title and everything checks out. The loan officer
agrees to accept the car as collateral for the loan. The bank's president
and its officers all enjoy a good laugh at the man for using a $250,000
Ferrari as collateral against a $5,000 loan. An employee of the bank then
drives the Ferrari into the bank's underground garage and parks it there.
Two weeks later, the man returns, repays the $5,000 and the interest,
which comes to $15.41.
The loan officer says, "Sir, we are very happy to have had your business,
and this transaction has worked out very nicely, but we are a little
puzzled. While you were away, we checked you out and found that you are a multi-millionaire. What puzzles us is, why would you bother to borrow $5,000?"
The man replies: "Where else in New York City can I park my car for two
weeks for only $15.41 and expect it to be there when I return?"
officer. He tells the loan officer that he is going to China on business
for two weeks and needs to borrow $5,000. The bank officer tells him that the bank will need some form of security for the loan, so the man hands over the keys to a new Ferrari parked on the street in front of the bank.
He produces the title and everything checks out. The loan officer
agrees to accept the car as collateral for the loan. The bank's president
and its officers all enjoy a good laugh at the man for using a $250,000
Ferrari as collateral against a $5,000 loan. An employee of the bank then
drives the Ferrari into the bank's underground garage and parks it there.
Two weeks later, the man returns, repays the $5,000 and the interest,
which comes to $15.41.
The loan officer says, "Sir, we are very happy to have had your business,
and this transaction has worked out very nicely, but we are a little
puzzled. While you were away, we checked you out and found that you are a multi-millionaire. What puzzles us is, why would you bother to borrow $5,000?"
The man replies: "Where else in New York City can I park my car for two
weeks for only $15.41 and expect it to be there when I return?"
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True story:
A mechanic at a lube & tune shop in New York City was changing the oil on a car, and noticed that the oil draining out looked very clean, as if it had just been changed.
It had: the day before.
It seems that the owner was bringing in his car every day for an oil and filter change; he would drop it off in the morning and pick it up in the evening. The service cost him $19.95, and his car was completely safe, under the constant watchful eyes of the mechanics.
And it was cheaper than the $25 / day that an unmanned parking garage in NYC would have charged.
A real example of smart thinking.
A mechanic at a lube & tune shop in New York City was changing the oil on a car, and noticed that the oil draining out looked very clean, as if it had just been changed.
It had: the day before.
It seems that the owner was bringing in his car every day for an oil and filter change; he would drop it off in the morning and pick it up in the evening. The service cost him $19.95, and his car was completely safe, under the constant watchful eyes of the mechanics.
And it was cheaper than the $25 / day that an unmanned parking garage in NYC would have charged.
A real example of smart thinking.



j/k