RV7Factory
Chief Obfuscation Officer
It's simple... if you can earn more with your money than you would pay in interest, why would you part with the cash? Matt hit the nail on the head here, loans are not bad by themselves, it is how people use them that causes problems. As he mentioned, they can be a very useful and effective tool when utilized as part of an overall financial strategy. The problem is, most people don't have a overall financial strategy.Chofrock said:I do not understand how people can justify financing an airplane. Loans are for things that you absolutely need, like a house, a car, an education. Financing something that is just for fun seems weird to me. Especially financing a plane that needs to be built. That is just too risky for me.
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