What better use of money?

What better use of money?

I couldn’t resist this story as it is an interesting example of good debt and being brave.

This gentleman walked into a bank in Central London and asked for the loan officer.

He says he is going to Europe on business for two weeks and needed to borrow £5,000.

The bank officer explained that the bank will need security for such a loan, so the gentleman handed over the keys to a brand new Rolls Royce parked on the street in front of the bank.

Everything checks out, and the bank agrees to accept the car as collateral for the loan.

An employee drives the Rolls into the bank's underground garage and parks it there.

Two weeks later, the man returns, repays the £5, 000 and the interest, a total of £15.41.

The loan officer says, "We are very happy to have had your business, and this transaction has worked out very nicely, but we are a little puzzled sir. While you were away on business, we checked you out and found that you are a multi-millionaire! What puzzles us is why would you bother to borrow £5,000?"

His reply was "Where else in Central London can I park my car for two weeks for £15.41?"

Now that’s Good Debt!