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RE: You need money to make money.

That's how rich people are. I think some of them wants to make profit from whatever venture they go in. I think the person didn't want to lend you money as a friend, they probably looked at you as an investor. If they saw your approach in a POV of friendship they might just lend the money..
It's life though. Life is unfair, and we just have to work harder and make better decisions, so that others might see prospect in us.