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Every Thing Else Board
How mush cash?
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<blockquote data-quote="bball" data-source="post: 1248963" data-attributes="member: 23752"><p></p></blockquote><p></p><p></p><p></p><p>I believe there is a difference between debt/loan vs. Expenses. I know tax bill will be there every year, just like fuel cost will be there each week i pull up to the diesel pump. I dont consider myself in debt to the govt anymore than i am in debt to the fuel company. I pay them as i use them. These are expected expenses. Debt to me implies owing a bank, finance company, credit card, etc. for things that i am using but do not have the money or desire to pay off currently. I do realize for some folks, its better to finance large purchases at lower interest rates, in order to free up capital to use in attempts to generate income at a level higher than the interest rate of the loan. But as it currently stands, i dont owe anyone a cent. My taxes are paid, all bills are paid, home, lands, livestock, equipment, etc all paid off. Im just attempting to illustrate a difference between debt vs. expenses. Im not being charged finance charges or interest on any of my expenses. On a loan/debt, there is usually one, if not both. Free money is hard to find.....</p><p>[/QUOTE]</p>
[QUOTE="bball, post: 1248963, member: 23752"] [/quote] I believe there is a difference between debt/loan vs. Expenses. I know tax bill will be there every year, just like fuel cost will be there each week i pull up to the diesel pump. I dont consider myself in debt to the govt anymore than i am in debt to the fuel company. I pay them as i use them. These are expected expenses. Debt to me implies owing a bank, finance company, credit card, etc. for things that i am using but do not have the money or desire to pay off currently. I do realize for some folks, its better to finance large purchases at lower interest rates, in order to free up capital to use in attempts to generate income at a level higher than the interest rate of the loan. But as it currently stands, i dont owe anyone a cent. My taxes are paid, all bills are paid, home, lands, livestock, equipment, etc all paid off. Im just attempting to illustrate a difference between debt vs. expenses. Im not being charged finance charges or interest on any of my expenses. On a loan/debt, there is usually one, if not both. Free money is hard to find..... [/QUOTE]
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