Quote:
Originally Posted by NickyC
Couldn't agree more. I was a debt slave for a number of years until the damned bulb went off in my barely developed brain. I pay cash now for nearly everything, and only use one credit card I have for points and I pay it off monthly religiously. If I can't pay cash or can't pay something off within a month, it's a no purchase and I have no problem telling myself I can't afford it. When you stop giving a shit about what other people think of you, it's a great moment.
F
U
C
K
Debt
|
You have to be smart with money. If you have 80k and want to buy a car which is worth 80K and you want to pay cash for it sounds ridiculous to me. You can put a down payment and enjoy the .99% or any low interest loan and invest the rest in stocks which pays somewhere around 18%. This way you're enjoying the cheap money from the finance company, have the car and the rest of your money is making money at the same time. Win win imo