OK...you're right. I did a bit of superficial reading and responded.
-----Original Message----- From: Michael B. Smith [mailto:[email protected]] Sent: Monday, January 12, 2009 6:20 PM To: NT System Admin Issues Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) 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/> ~ ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
