Kids Corner


Mr Singh And His Rolls Royce





Mr. Singh enters a bank in Miami and asks for a loan. He says he's going to Europe on business for two weeks and he needs to borrow $ 5,000.

The Bank says they will need some collateral for the loan, so Mr. Singh hands over the keys to a new Rolls Royce, which costs a quarter of a million dollars.

Mr. Singh adds: "And I have all the necessary papers." 

The Bank agrees to accept the car as collateral for the loan.

After Mr. Singh leaves the bank, the loan officer, the bank president, and all his colleagues laugh at that man who left off a $ 250,000 Rolls Royce as collateral against a $ 5,000 loan.

The bank manager orders one of the employees to take the Rolls to the bank's underground garage and park it there. Two weeks later, Mr. Singh returns, pays the $ 5000  and interest in the sum of $15.41 for 2 weeks, the time-span of the loan.
The loan officer says, "Sir, I have to tell you that we are a bit confused. In these two weeks, we have investigated and discovered that you are a multi-millionaire. Why do you bother asking for a loan of $ 5,000 and paying interest?”

Mr. Singh responds: "Tell me where in central Miami there is a secure parking lot where I can leave my car for two weeks and only pay $15.41?”

The author is CEO of Rockstar Global.

June 25, 2018


Conversation about this article

1: Amitoj Singh (United States), July 12, 2018, 10:51 AM.

Why are we supporting elitism and Malik Bhago? Let's support the "lowest of the low".

2: Harmeet Singh (United States), July 27, 2018, 11:37 AM.

Amitoj, are you against financial success?

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