Its called debt! However, it is smart managed debt. Meaning that the remaining debt i do have, used to establish my system of today, is financed at "zero" percent. It is gradually paid off, usually no more than 24-36 months. Also, some things are sold either on here or on ebay to finance a new purchase, if say that something just was not doing it for me. The only thing left to pay off is my latest turntable acquisition ....I’ll most likely use part of the stimulus check to wipe that out. In the end I’m left with Tannoy legacy eatons $5500 (not counting stands or material to fill them), sugden a21 se $3250, a Marantz pm14s1, six turntables, four tuners, three cd players and a transport, two dacs, two extra pairs of speakers (wharefdales), three cassettes decks, two headphone amps, ten pairs of headphones, countless interconnects and power chords, ten cartridges...on and on and on...and all mine, all paid for!!...except the aforementioned turntable. You ask how is most of this debt paid off? Through lots and lots of hard work and OT. Was it all worth it? Hell yeah! I do not regret anything. Yes, got a mortgage, car payment, kids, utilities, CC debt, etc etc....however, its all getting paid and I still save money in bank. I will tell you that we as a family do not spend a fortune on trips or eat in the fanciest restaurants.
members and their systems
for the short time I have been on here, I see that members will start a thread asking about a certain piece of equipment or speakers.. they will then buy that piece of equipment / speakers, start a thread about it saying how good it is and then next thing you know, they are starting another thread asking about another piece of gear as they are looking for something different. what happened to that piece of gear that was so great ?
i get the whole buying thing....but where are members getting the money to do all of this stuff ? do they not have other bills such as rent / mortgage payment, car payment, other bills to pay for also ?
i get the whole buying thing....but where are members getting the money to do all of this stuff ? do they not have other bills such as rent / mortgage payment, car payment, other bills to pay for also ?
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There is absolutely nothing wrong with borrowing money for toys, otherwise known as a credit card, as long as you have the ability to pay it back. It is also important that you buy something that you know you will keep for years to come. There is "No" damage done by using a credit card with "zero" percent say for 18 months....the bank makes "zero" additional money. You pay back exactly what you spent, no more no less! Keep it all within reason without going nuts and it is easily manageable and you have your stuff before your dead and buried. |
oldhvymec My friend Hank, a fellow train commuter said it this way: We should start out as president of the company, when we have the youth to enjoy it, and work our way to the mailroom. |
OPM is fine for a house. Cash is king for everything else. Started working at 13. I didn't stop until my body was broke and my account was flush. :-) I took 3 vacations in that time.. I made sure my family was well taken care of. Every year they went and enjoyed what they deserved. I was proud to do it to. Still am.. I got a great family. God, Family, Country. What else is there? Still collection on the broken body part, ba$tards. Bone fragment in my neck.. Yup broken neck.. BUT the ears work just fine.. Hands not so much.. we're workin' on it.. oldhvymec 1, them ZERO. I won.. MY MARBLES, NOW... Just no heavy bag work anymore, so what, I wasn't lookin' for a Title shot anyways.. I'll leave that to Rocky 13 or 14, where ever that's at now.. Regards.. |
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