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<blockquote data-quote="Lucky" data-source="post: 1786680" data-attributes="member: 32659"><p>I don't have cash??? What are you even talking about? If I've got $50,000 in cash to run the cattle for a year or $60,000 for a down payment on the neighbors place that I think will come up for sale is that not cash money? I have cash, I just don't have an unlimited supply of it. Make no mistake, I'm not rich I have to get up and go to work everyday. </p><p></p><p> Lets say you want to build a barn that cost $50,000. You figure you can get a 6% loan for 5 years and have payments or wait 5 years and save up to pay cash. I promise inflation on that barn will be at least 3% a year if not 5%. In simple terms the barn you got a bid on today will be more expensive to build in 5 years. And don't say if you didn't have the payments you could save the money faster because you can pay extra payments too, it's the same thing. </p><p></p><p> We're not talking Dave Ramsey stuff here. He gives good advice but he doesn't give business advice, he gives consumer debt advice and they are 2 different things.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1786680, member: 32659"] I don't have cash??? What are you even talking about? If I've got $50,000 in cash to run the cattle for a year or $60,000 for a down payment on the neighbors place that I think will come up for sale is that not cash money? I have cash, I just don't have an unlimited supply of it. Make no mistake, I'm not rich I have to get up and go to work everyday. Lets say you want to build a barn that cost $50,000. You figure you can get a 6% loan for 5 years and have payments or wait 5 years and save up to pay cash. I promise inflation on that barn will be at least 3% a year if not 5%. In simple terms the barn you got a bid on today will be more expensive to build in 5 years. And don't say if you didn’t have the payments you could save the money faster because you can pay extra payments too, it's the same thing. We're not talking Dave Ramsey stuff here. He gives good advice but he doesn't give business advice, he gives consumer debt advice and they are 2 different things. [/QUOTE]
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