General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Sandy Allen
Glorious Life On Wheels
comments
Comments by "Sandy Allen" (@sandyallen1523) on "Government assistance programs that actually keep seniors in poverty" video.
I would like to know who's bright idea it was to call a loan you have to pay back with interest as income. If that's income then those repayments with interest should be called EXPENSES
6
If a loan is new income then the payments you make to pay that loan back needs to be considered as expenses. How can a loan be considered income??? You don't get ahead with your money, as a matter of fact you lose money because of the interest you have to pay 🤦🤷🤦🤷
3
@gloriouslifeonwheels3621Â nope, that's the rule. I've personally have been told that myself. I'm pretty sure that it was an dumb person who didn't understand what a loan was about
1