perda04
Well-known member
The radio host "Dave Ramsey" contributes articles to World Net Daily. These can be an interesting read
Dave Ramsey archives
Dave Ramsey archives
grannysoo":dlrh36iq said:Get out of debt!
ga. prime":2pyh262v said:Credit is necessary. Debt is good. Where would we be without it? Nobody could buy a car. Nobody could buy a house. Nobody could buy land. Nobody could buy a washing machine. Nobody could make hotel reservations. Well, I guess backhoeboogie could. Let's all be like backhoeboogie!
lavacarancher":244jonre said:ga. prime":244jonre said:Credit is necessary. Debt is good. Where would we be without it? Nobody could buy a car. Nobody could buy a house. Nobody could buy land. Nobody could buy a washing machine. Nobody could make hotel reservations. Well, I guess backhoeboogie could. Let's all be like backhoeboogie!
I'll drink to that!!!!
ga. prime":36lelt3z said:Credit is necessary. Debt is good. Where would we be without it? Nobody could buy a car. Nobody could buy a house. Nobody could buy land. Nobody could buy a washing machine. Nobody could make hotel reservations. Well, I guess backhoeboogie could. Let's all be like backhoeboogie!
MO_cows":21rj1wi2 said:My sister did something I thought was smart. When her car was paid off she kept right on making payments - into a savings account. Her next car, she paid cash. Brand new, too, just not a luxury model.
backhoeboogie":jerxdjuk said:All you really have to do is think. Build it yourself. Repair things that need to be repaired.
Financing a home or land is a good decision. I have always made money on land. If you are paying $800 a month rent, in 10 months you have spent $8,000 with nothing gained but a place to sleep.
Financing a new auto is a bad decision. I have always lost money on new vehicles. If you earn money with that vehicle and the pen and paper prove it, finance it. Otherwise buy what you can afford.
Early in life I owed my whole paycheck each week. I decided to climb out of that hole and never intend to go back. Just a choice me and the wife agreed to. We have done great for the last 15 years in spite of being burned out and a host of other incidents. Putting the kids through college was not easy either.
In the last couple of years gas royalties have been another blessing, but I have not been running out and spending it or living beyond my means. My spending habits have not changed.
I have credit cards. They are paid off in full when the bill comes. There is nothing wrong with credit. Use it wisely. I financed the backhoe and made money with it the whole time. I financed the caterpillar and made money with it the whole time. Borrowing money to make money is a wise thing.
Just think before you spend. If you can make money on something you buy, buy it. Otherwise don't.
MO_cows":2lszk3dg said:My sister did something I thought was smart. When her car was paid off she kept right on making payments - into a savings account. Her next car, she paid cash. Brand new, too, just not a luxury model.