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Financing bred heifers? Or bad idea
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<blockquote data-quote="JMJ Farms" data-source="post: 1335513" data-attributes="member: 24583"><p>Yep. I don't fault anyone for paying as they go. I admire it actually. But that's a hard row to hoe when you start with nothing. I've used borrowing to build equity. I have two guidelines. 1) I always put cash into the purchase and keep the payments high. 2) I don't borrow on things that don't a)generate income or b)appreciate in value. Only exception is my truck. (But I could argue strongly that it produces income)</p><p></p><p>But as I said earlier to each their own. As far as I'm concerned people can do whatever they want with their money.</p></blockquote><p></p>
[QUOTE="JMJ Farms, post: 1335513, member: 24583"] Yep. I don't fault anyone for paying as they go. I admire it actually. But that's a hard row to hoe when you start with nothing. I've used borrowing to build equity. I have two guidelines. 1) I always put cash into the purchase and keep the payments high. 2) I don't borrow on things that don't a)generate income or b)appreciate in value. Only exception is my truck. (But I could argue strongly that it produces income) But as I said earlier to each their own. As far as I'm concerned people can do whatever they want with their money. [/QUOTE]
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Financing bred heifers? Or bad idea
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