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Question about borrowing money
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<blockquote data-quote="backhoeboogie" data-source="post: 1041051" data-attributes="member: 3162"><p>I don't really see it as one or the other. </p><p></p><p>It would be terrible for me to be 10 million in debt. However, if it were 10 million in debt, had 100 million in equity, and was making large cash flow on the debt, that debt would be trivial. </p><p></p><p>I'll jump in a heart beat if there's money to be made. Buy something and flip it for profit, pay off the debt and pocket the difference. </p><p></p><p>It is not about buying toys. I would not go in debt for toys. I would not rationalize putting all my liquid in a new tractor just because I wanted it either.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 1041051, member: 3162"] I don't really see it as one or the other. It would be terrible for me to be 10 million in debt. However, if it were 10 million in debt, had 100 million in equity, and was making large cash flow on the debt, that debt would be trivial. I'll jump in a heart beat if there's money to be made. Buy something and flip it for profit, pay off the debt and pocket the difference. It is not about buying toys. I would not go in debt for toys. I would not rationalize putting all my liquid in a new tractor just because I wanted it either. [/QUOTE]
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