Quote:
Originally Posted by garagelogic
I have what I have is because of the sound financial advice and example I received from my grandparents, parents and others, not because I was born into money. My father was a farmer in the '70's-'80's and when the bottom fell out of that, he worked to get his CDL and was a commercial truck driver until he retired. In order to buy my first car, I worked and entire summer and was able to by a then 18 year-old car for $1200. I drove that car from the time I was 16 until I was 23. I bought my second car used for $7800 and it was 3 years old when I purchased it. I drove that car until I was 28. Here's the thing, I could have purchased and financed a new(er) car at several points during those 14 years, but instead I drove out-dated, paid-for cars while all my friends sported the latest and greatest new vehicles. Instead, I saved the money that would have otherwise gone into some bankers pocket and this allowed me to pay cash for almost every car since then. Yeah, the 14 years of driving less than stellar vehicles sucked, but the long-term results of that action more than make up for the bruises to my ego. if something I say causes just one person to stop and think about what they are doing and prevents them from making a poor financial choice, then I will be glad to continue to point these things out regardless of how that makes some people feel about me as a person.
I rest my case.
It matters to me, and it should to everyone else, because no man (or family) is an island. The bad financial decisions others make can impact me, you and the rest of the world. Do you think all this money the government is spending is just being created out of thin air? The government has no money other than what it take from its citizens. I am being forced, via taxation and other means, to pay for the poor financial decisions that others have made. That's why it matters to me. Too many people have their head in the sand on this matter and it's time that people start calling people out for the stupid things they are doing that is going to hurt all of us in the long run.
Sorry folks, but as long as there are people out there who are willing to have me pay for someone else's mistakes/errors, your business is my business.
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You have a novel way of thinking, but in this modern world unfortunately it doesn't work that way. Credit companies and bank loans are the American (and European, Asian, etc) way...good luck with your campaign of change though. It may take a while to see results.
If I lived forever maybe I would take your advice and spend the next 8 years saving up to pay cash for my next new car, but because I know this life is a short life I intend to enjoy it as much as possible. I have no children or spouse so it's me that will have to suffer any consequences. I pay my bills in full and on time...always have, always will. The only person who loses out is me because I pay interest.