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re: If you need a loan or credit…you can’t afford it!
Posted on 7/9/23 at 8:29 pm to BabyTac
Posted on 7/9/23 at 8:29 pm to BabyTac
With cash back and other perks you’re doing it wrong if you don’t put everything on a credit card. Not to mention the security it provides over paying straight from a checking account. Pay it off at the end of the month.
1
Posted on 7/9/23 at 8:31 pm to BabyTac
You have to consistently post some of the most ignorant crap I’ve seen on this board
Posted on 7/9/23 at 8:35 pm to BabyTac
quote:
So live bare minimum. What entitles you to have more?
What entitles you to tell me what I can do with my finances?
Posted on 7/9/23 at 8:38 pm to BabyTac
quote:
Lot of spoiled brats in here.
Like that time you spoiled the golf board with a pic of Brett Favre’s dick
Posted on 7/9/23 at 8:38 pm to BabyTac
Debt is great if you aren't a retard. If you are, then follow OPs advice.
Posted on 7/9/23 at 8:39 pm to BabyTac
Posted on 7/9/23 at 8:39 pm to BabyTac
quote:
Yes, I paid cash for my last home.
Paying cash for homes in an era of rock bottom rates, often sub 4%, during the greatest bull market in history, is the mark of a financial retard. I extracted all the equity I could during Covid and deployed it elsewhere, locked in a rate that likely won’t be seen again in my life. Debt is a vehicle for wealth building if used properly.
Posted on 7/9/23 at 8:42 pm to jcaz
quote:
driven entirely by greedy colleges, banks/lenders, and the DOE.
Close, but it’s actually driven by the dept of education handing out loans on the back of the American people. Colleges are just reacting to the unlimited amount of funds being thrown at students. But really, they’re both in on it because it’s a revolving door between higher Ed and the dept of Ed.
Posted on 7/9/23 at 8:48 pm to BabyTac
Yeah, well, that's just like, your opinion, man
Posted on 7/9/23 at 8:49 pm to BabyTac
quote:
If you need a loan or credit…you can’t afford it!
...meh. I mean I have 30 days to pay it back.
Posted on 7/9/23 at 9:00 pm to BabyTac
You’re 25 fresh out of college and just got a job making 65k a year. You got married and your wife is pregnant. You have little in savings at this point but need a good house in a safe neighborhood for your family. You need a reliable form of transportation to work and so does your wife.
It would take 15-20 years to save enough money for these things if you lived in a crappy apartment and pinched pennys. You cannot wait until your 40s to start a family.
Buying what you need on credit is the only option.
It would take 15-20 years to save enough money for these things if you lived in a crappy apartment and pinched pennys. You cannot wait until your 40s to start a family.
Buying what you need on credit is the only option.
Posted on 7/9/23 at 9:09 pm to BornKjun
quote:
Borrow at 6% + Invest cash at 10%
Where are you getting a 10% investment return? I’d like to know
Posted on 7/9/23 at 9:12 pm to BabyTac
You remind me of the man who once told my father,” anyone can save 50 cents on every dollar they make.”
That’s a lot easier to say when you make $500,000 a year instead of $30,000.
That’s a lot easier to say when you make $500,000 a year instead of $30,000.
Posted on 7/9/23 at 9:14 pm to BabyTac
I don’t have to lol and I’m entitled to do what I want to do boomer
The point is why pay $10k cash for a shitbox that needs constant repairs when i can easily afford a $800 car note and have no stress?
You guys that take pride in driving beaters for fun are hilarious. You think everybody else spending their money as they choose is an idiot on the verge of bankruptcy
The point is why pay $10k cash for a shitbox that needs constant repairs when i can easily afford a $800 car note and have no stress?
You guys that take pride in driving beaters for fun are hilarious. You think everybody else spending their money as they choose is an idiot on the verge of bankruptcy
This post was edited on 7/9/23 at 9:16 pm
Posted on 7/9/23 at 9:17 pm to deltaland
quote:
Where are you getting a 10% investment return? I’d like to know
This year?
SP500 is up about 15% YTD.
Posted on 7/9/23 at 9:21 pm to BabyTac
Posted on 7/9/23 at 9:26 pm to BabyTac
Dave Ramsey has been making millions off this. Honestly, I would delete OP in fear of intellectual infringement
Posted on 7/9/23 at 9:35 pm to deltaland
quote:
Where are you getting a 10% investment return? I’d like to know
Wholesale Colombian bam-bam
Posted on 7/9/23 at 10:28 pm to BabyTac
You are correct. However people can use debt as a protection element for asset management. For example, you can save $60k for a Mercedes, but what happens when wrecked the first 6 mos. At least it was not your capital.
In general, people don’t want to sacrifice and pay less for depreciating assets when their friends have better depreciating assets…..
In general, people don’t want to sacrifice and pay less for depreciating assets when their friends have better depreciating assets…..
Posted on 7/9/23 at 10:31 pm to BabyTac
I get you, but maybe you should write your congressman. If the US didn't borrow so much money, the economy would be in better shape and people more people would be able to stay within their means.
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