Quote:
Originally Posted by RaiderH8r
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.
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He's lucky he never "over induldged in anything" considering his financial advice is one of a ****ing caveman.