Quote (DuckManParkey @ Sep 9 2014 07:54am)
Some people have the cash to buy these things, I could have bought my house outright if I wanted but I decided to get a mortgage to keep my credit going up and up. Same with my new car I got last year. That had .9% financing so why would you buy it outright if you can increase your credit, put your money away invest it wisely and come out ahead?
Most of my investments over the past 5 years or so have earned me around 20-25% return.
Currently doing the planning for opening my own business. Hopefully have it up and going by next summer.
Why does credit matter to you if you have the money to buy stuff outright?
Investing is a risk and that's why you come out ahead if it works out.
So if you fuck up investing all that money you had that could of bought you the house free and clear is gone and then you get all the fun of having no savings and a new house to pay for.
Just saying that debt is a risk even if you make plenty of money because you never know whats going to happen the next day of your life.