Borrowing money to make money
When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it … when a man spends someone else’s money on someone else, he doesn’t care how much he spends or what he spends it on.
Milton Friedman, US economist
The concept of someone else’s money is simply based on the premise that you can borrow money to make money. Many people borrow money from a variety of places to put into investments, such as home loans, investment loans, margin loans, credit cards, solicitors’ loans and a variety of other miscellaneous lending structures. The more desperate the circumstances of the borrower, the higher the risk and the higher the interest rate paid. ...