How broke are you?

[RaiderH8r]

Originally Posted by R8ers

Why would you pay someone 4% interest when you have cash money sitting there?

Keep thinking like that and you too will be broke all your life depending on someone else to decide if you will or will not have any money...

You are outside of your f'ing skull. It's like a cult with you. If I spend $5K to pay off a 5% loan vs spending $5K to invest at an ROI of 30% over the life of the loan I have MADE 25% over paying the loan off. Net 25% profits. Profit. Money in the pocket. So now the same $5K you would have me send out the door has earned me an extra $1500, in the pocket. That's a landau roof and power steering.

My point is that the money isn't sitting there. It shouldn't be sitting there. If it is, then a fool and his money were lucky to get together in the first place. Again, I work for my money then put my money to work for me. I have no problem carrying debt, particularly when the interest rate on my debt is outpaced by at least 4% ROI by taking that debt cash and investing it elsewhere. Yeah, I'm paying some asshole 5% interest on a loan but I've got that loan stacked somewhere else where someone is paying me 15%. So I pay off my 5 points to the bank and keep 10 for myself. How the **** does this not make sense to you? I'll kick over my couch for your year's wage and leverage that against a loan, invest it, make money and pay back my debt over the course of years while earning cash at the same time. It's how I can afford shits and giggles gifts to myself like Hyundai priced custom guitars.