Who REALLY owns their Z???

mts · 05-23-2013, 09:44 AM

Quote:

Originally Posted by MMC Racing

The average consumer needs Dave Ramsey. They are the sheep of the world that need to be told exactly what to do.

A number of posters here seem to believe there is only two scenarios. You either pay it off completely, or you finance at low/no interest and blow the cash. Either blow it on stuff or put it in the "risky stock market".

No, there is the 3rd option. People that know what they are doing lock up the historically low debt rates and put that cash to work to build true wealth. Those are the lions.

If this concept seems completely wrong to you, you are right to not follow it since you aren't a lion.

The concept isn't wrong, in certain cases it can be very appropriate but there is a lot more that goes into it than just getting highly leveraged at low interest rates and investing. Moderation and balance is important.....as is what you are investing in, how leveraged you get and what your investment time horizon is. Also 2 different people can look at a 370z purchase with the exact same financing options, one decide to pay cash and the other decide to finance and neither one of them be wrong.

Your continued "sheep" and "lion" comments are completely silly and show a lack of wisdom. You sound like a young man without enough experience to have seen multiple economic cycles. Very few wealthy people finance cars unless the interest rate is 0% and and I do not. If that makes us "sheep" in your eyes so be it.

MMC Racing · 05-23-2013, 10:50 AM

Quote:

Originally Posted by mts

The concept isn't wrong, in certain cases it can be very appropriate but there is a lot more that goes into it than just getting highly leveraged at low interest rates and investing. Moderation and balance is important.....as is what you are investing in, how leveraged you get and what your investment time horizon is. Also 2 different people can look at a 370z purchase with the exact same financing options, one decide to pay cash and the other decide to finance and neither one of them be wrong.

Your continued "sheep" and "lion" comments are completely silly and show a lack of wisdom. You sound like a young man without enough experience to have seen multiple economic cycles. Very few wealthy people finance cars unless the interest rate is 0% and and I do not. If that makes us "sheep" in your eyes so be it.

If you are 60, then I am a very young man at only 38. I guess it is all about perspective.

Why are cash rich tech companies taking on debt right now? 2 reasons - 1. Debt is so cheap they can "make money" on borrowing and putting it to use. 2. Tax reasons because a bulk of their money is offshore

But the point is smaller investors shouldn't ignore this historical moment. Locking up cheap debt today in a 0% auto loan, 3% mortgage, or low interest business loan creates the opportunity to generate wealth. Of course there are no guarantees in life. There are no guarantees that if the economy collapses that a pile of cash will be worth more than toilet paper either.

mts · 05-24-2013, 06:44 AM

Quote:

Originally Posted by MMC Racing

If you are 60, then I am a very young man at only 38. I guess it is all about perspective.

.

38? Interesting. I would have guessed no more than 28. I am 44 and you guessed 60.......I only missed by 10 and you missed by 16, do I win a prize or something.

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