Rustic
Diamond Member
- Oct 3, 2015
- 58,769
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- Banned
- #261
Better yet, have the cash already on hand. Being able to pay outright is always better for everyone involved...No one including governments should ever spend more than they take in, only a fool spend more than they have. Can not be more Simple than that.
Being debt free is as good as it gets on this earth anyway...
This is patently false, and I can give you a perfect example:
Several years ago I had a side business I was engaging in during the height of the recession. My car broke down and it was going to cost $800 to fix. I was short on cash at time time, and was going to have to wait almost two weeks before I'd be able to afford to pay the mechanic. Then, a $1000 job came my way for the upcoming weekend, but I would have to be able to get out of town for it. The solution was simple. I put the car in the shop right away, I pulled out the credit card and rented a car for the weekend. Cost me $100 for the rental. Went and did the job, came back and paid $500 more on the card for the mechanic, and $300 in cash. Paid the credit card debt a month later. Going into debt allowed me to make money that I would not have been able to make otherwise.