jeffj
Caught the Bug
Why not finance? If you’re talking about the best use of capital, anytime you can earn more on your money than the lending rate you’d be better to take a loan....as long as you can afford to be levered. For example, money is invested in something that is earning 5% and you could either a) sell that invest to buy the good or b) take a loan for anything less than 5%. You be better at option b.
Edit: but I totally understand the practical point you’re trying to make. Definitely don’t finance mods.
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If your talking about an asset that is increasing in value, I would agree with you, a vehicle is a asset that is decreasing. Believe me, I’ve been there with 2 big vehicle payments and a house payment that robs your cash flow. Once I started paying cash for things, it was a lot easier to get ahead. Just my two cents.
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