Hmmm. borrow money at 19.9% interest from the credit card to invest in the market in 2008 which lost 30%... yea! Great plan! Where do I sign up? :-P
From: Steve Ens [mailto:[email protected]] Sent: Monday, January 12, 2009 12:47 PM To: NT System Admin Issues Subject: Re: Would this be good for IT, or what? (UNCLASSIFIED) I disagree...I think borrowing to invest is good debt...that is a golden rule of investing, like buying a house to rent out, or borrowing money to invest in tax deductible investments that will pay for your retirement. Not a bad thing at all, as long you minimize your interest and use "common sense". On Mon, Jan 12, 2009 at 2:40 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/> ~
