Quote:
Originally Posted by suaveflooder
I've evaluated it....it a lot actually. I personally believe that debt is negative. I understand that I go against the norm, but I have some great examples, some near to me, of people doing very well with bad credit score because they have no debt. I personally have committed to being wealthy.
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There seem to be some bitter people in this thread who's financial future didn't pan out the way they expected.
Every millionaire I know has always told me to stay out of debt, there is no such thing as a guaranteed return on anything. So only spending money you have will always keep you above water, and you will never be moving backwards, does this mean it is a little harder to get a leg up, yes sometimes it does, but I currently run a machine shop that has been in business for 60+ years, and the only reason it is still open and owned by the same family...no debt ever, pay cash or do without.
Don't let people over 30 who aren't millionaires tell you how to become rich, just don't.
Keep up the good work, you sound like you are on the right track.