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<blockquote data-quote="Lucky" data-source="post: 1710157" data-attributes="member: 32659"><p>What if we just work hard don't spend all our money on frivolous things and concentrate our efforts on making money more than we do on saving and living like a miser. I don't see a thing wrong with buying a $75,000 new truck, IF YOU CAN AFFORD IT. I've got a few friends that would be multimillionaires if they spent half the time trying to make money as they do worrying about were every nickel goes. </p><p></p><p> A friend of mine bought a property recently for $400k , this property was fully rented out and was going to make the payment plus pay him $1,200 a month with a 10 yr ROI. Everyone but me told him he was crazy for going into that kind of debt. To me it was a no brainer even if he had to borrow 100% to get it. I guess different lines of thinking make the world go around. My guess is some of the folks that called him crazy will be renting from him. </p><p></p><p> We put 20% down out of the cattle account and borrowed the rest to buy the land. I can fertilize and plant grass next year I guess. We didn't think twice about it.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1710157, member: 32659"] What if we just work hard don’t spend all our money on frivolous things and concentrate our efforts on making money more than we do on saving and living like a miser. I don’t see a thing wrong with buying a $75,000 new truck, IF YOU CAN AFFORD IT. I’ve got a few friends that would be multimillionaires if they spent half the time trying to make money as they do worrying about were every nickel goes. A friend of mine bought a property recently for $400k , this property was fully rented out and was going to make the payment plus pay him $1,200 a month with a 10 yr ROI. Everyone but me told him he was crazy for going into that kind of debt. To me it was a no brainer even if he had to borrow 100% to get it. I guess different lines of thinking make the world go around. My guess is some of the folks that called him crazy will be renting from him. We put 20% down out of the cattle account and borrowed the rest to buy the land. I can fertilize and plant grass next year I guess. We didn’t think twice about it. [/QUOTE]
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