Quote:
Originally Posted by Flash68
The hot rods are paid for (of course) but the 2 daily drivers still have a loan them -- why? Because the rate is 2%! (Same theme - I can make more return on that money in a bad year).
Hey, just because Dave Ramsey is scared to death of debt (due to his previous Bankruptcy) doesn't mean you have to be. 
Not all debt is evil or crippling. It's a tool in the toolbox.
Keep on truckin buddy....  |
How do you think I've bought the 11+ properties I've owned? Using other peoples money. I read Rich Dad/Poor Dad as a young man. You aren't pulling the wool from my eyes. That's a big part of my financial success.
This reminds me of a good buddy in Phoenix. He always told me that he hated money in the bank and he leveraged it all out. He did extremely well and then went broke in 2008 including losing his primary residence. I'm talking from baller status to zero in no time flat plus a BK.
I know you are likely more conservative and have far better income stream than my buddy, but poor economies do come and so do bad streaks stocks and real estate. We've all been flourishing and riding a giant wave for a long time. Sounds kind of familiar.....