Quote:
Originally Posted by AznBRZer
 Yeah, we're all bitter because we're not millionaires by 30 as if that should be everyone's life goal.
No debt ever? 
So the company doesn't do any invoicing, use credit, have aged payables, or use any kind of credit at all? Everything is pre-paid? Highly unlikely.
Pretty sure no one here is telling anyone how to become rich. If $1500 in interest over 5 years will make or break someone, that person couldn't afford the car to begin with.
If the path to wealth was just being debt-free, there'd be a lot more wealthy people out there. Look, I get it. No one wants to have to pay someone to borrow money, but that's the system we have until a better one comes along. Either way, we're talking about interest on a $25k car loan and not a $400k mortgage or business loan. Take it down a notch, hot shot. |
Every account we have is on net 30, no interest paid, ofcourse we have company cards but they are cleared at the end of every month, no lines of credit from banks or lenders, ever.
Sorry you can't cope or understand but that just makes my point. we have several million worth of machines and material on hand and none of it was bought on credit...joke is on you buddy. We simply do not carry a debt from month to month.
Yes I sincerely believe if you have what it takes to become independently wealthy you will have done so by 30. you seem a bit bitter, maybe you should talk to someone about that.
And while we started talking about a 25k car the gentleman I responded to was (clearly) talking about a much wider view of finances in general.
I'm not theorizing here this is my life, this is what I have learned and been exposed to, and even though we are no-longer a startup I still work the 60-80 hr work week and have a company of my own aswell. And to answer your next question, no I'm not 30...yet...
you can feel how you feel, but you are lying to yourself if you think you need to start big to end big, This machine shop started by making fold up cardboard view finders for the first Kodak Cameras...now we make rocket components and Satellite parts day in and day out.