Since your objection seems to be based on semantics, can I suggest that some debt is necessary (to achieve a certain goal within certain established criteria, i.e. buy an affordable house adequately sized to one's needs) and some debt is frivolous (I want the McMansion, supersized, please with a 1% teaser rate that resets to prime +10 in two years)?
Debt is a tool, and like any tool it can be used correctly and it can be used incorrectly. A careful analysis of the situation is required by every user, which was quite rare these last 20 years. On Mon, Jan 12, 2009 at 3:40 PM, Micheal Espinola Jr < [email protected]> wrote: > +1. > > No debt is ever "good debt". That is the banking/credit industry > fooling you. Everything they do is to make money. Not to give you > anything for free *ever*. > > Points? Cash back? Stop fooling yourself. > > -- > ME2 > > > > On Mon, Jan 12, 2009 at 3:15 PM, Jim Majorowicz <[email protected]> > wrote: > > That last sentence is exactly what got this country into this mess. > > > > > > > > From: David Mazzaccaro [mailto:[email protected]] > > Sent: Monday, January 12, 2009 11:28 AM > > To: NT System Admin Issues > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > > > > > Some debt is good debt. > > > > For taxes, you do get to deduct the interest on your mortgage...if you > pay > > off your house, you lose that deduction. > > > > Additionally, you now have hundreds of thousands of dollars sitting idle > in > > your house that you can do nothing with (until you sell it). > > > > > > > > > > > > > > > > ________________________________ > > > > From: Webster [mailto:[email protected]] > > Sent: Monday, January 12, 2009 1:59 PM > > To: NT System Admin Issues > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > Yes. But we moved to TN back in August and have a mortgage again. L I > am > > working on paying it off as fast as possible. > > > > > > > > > > > > Webster > > > > > > > > From: Jacob [mailto:[email protected]] > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > > > > > Wow.. did that include the mortgage? > > > > > > > > From: Webster [mailto:[email protected]] > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > > > > > +6 for Dave Ramsey. Paid off $197,000 in debt in 4.5 yrs. > > > > > > > > > > > > Webster > > > > > > > > From: David Lum [mailto:[email protected]] > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > > > > > +1 times ten! > > > > > > > > We'll spend thousands sending out kids to college but never teach them > the > > basics of money and not using credit for anything but a house. My parents > > didn't teach me that, it took me over 40 years (until Feb of last year) > to > > really "get it" (thank you Dave Ramsey). Funny the things we think we > *need* > > to have. Pretty sure 99% of these items our ancestors got along just fine > > without. > > > > > > > > Veering nearer to back on topic, adding the need for several thousand IT > > jobs can't be a bad thing, but I am interested in hearing from IT guys in > > the healthcare industry what obstacles need to be overcome. It's one > thing > > to say "digitize healthcare records", another entire to pull it off - > there > > must be dozens of little "gotcha's". > > > > David Lum // SYSTEMS ENGINEER > > NORTHWEST EVALUATION ASSOCIATION > > (Desk) 971.222.1025 // (Cell) 503.267.9764 > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
