bluedge8
Active member
Um, one is a liability,
And one is an asset, that someone like dave ramsey says only on your home not investments.
Investments with debt = risk
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I got the short end of the stick on this one :(
- Thread starter TrickTruck
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And one is an asset, that someone like dave ramsey says only on your home not investments.
Investments with debt = risk
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TLyons90
New member
To each his own! Do what makes you happy and comfortable...
I never understood Ramsey and buffet in that matter. I'm pretty sure they used other people's money to get rich...
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Ask any billionaire or millionaire. They took a HUGE risk and it paid off.
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bluedge8
Active member
That's exactly where Dave Ramsey came from, Having risk and being a millionaire and losing it all and then building it back up make being a millionaire again and this time debt-free, there is more than one way to do it. No question most people do it with debt
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lincolnlocker
Well-known member
exactly!!
live life full throttle
god bless america and the farmer who feeds your fat ass
jimdawg185
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Buffet had 10,000 dollars saved up before he went to college. And that was a long time ago. He's not really someone who has ever borrowed money to make money. But he really hasn't had too. Buffett still lives in the house he paid cash for in the mid 1950s. The guy is a phenomenon. He buys sticks for the long term dividends, not to flip them. Same with companies. That's the way to roll for the long game. But it's not the way I've lived until recently.
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