Urf. Debt and credit (the use of) are mirror images of the same thing. You can't have one without the other.
Financial gain - financial independence - is about LEVERAGE. You either "stand pat" on what you have, you leverage it, or you lose it. IMHO. YMMV. Regards, Michael B. Smith, MCITP:SA,EMA/MCSE/Exchange MVP My blog: http://TheEssentialExchange.com/blogs/michael I'll be at TEC'2009! http://www.tec2009.com/vegas/index.php -----Original Message----- From: Rod Trent [mailto:[email protected]] Sent: Monday, January 12, 2009 6:14 PM To: NT System Admin Issues Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) Completely agree. -----Original Message----- From: Micheal Espinola Jr [mailto:[email protected]] Sent: Monday, January 12, 2009 6:06 PM To: NT System Admin Issues Subject: Re: Would this be good for IT, or what? (UNCLASSIFIED) I am not suggesting that debt is not a requirement to an objective in many cases. But saying debt is good is beyond me. Credit is good. Debt is bad. Debt is not a tool. Credit and leans are tools. Debt is a completely negative aspect of finance. -- ME2 On Mon, Jan 12, 2009 at 4:05 PM, Jonathan Link <[email protected]> wrote: > 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/> ~ ~ 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/> ~
