If and when you did win a jackpot...Would you ever finance anything ever again??

Reply #22

Drenick1 — Mon, 24 Mar 2014 12:37:23 GMT

Only to start a business, everything else would be paid in full.

Reply #21

psykomo — Mon, 24 Mar 2014 01:29:52 GMT

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Reply #20

river26 — Mon, 24 Mar 2014 01:05:43 GMT

ALWAYS TRY TO USE OTHERS MONEY TO MAKE MORE MONEY FOR YOURSELF

Reply #19

river26 — Mon, 24 Mar 2014 01:03:29 GMT

I WOULD FINANCE ANYTHING WHERE I CAN GET 0% FINANCING, WHY? THEN I GET INTEREST ON MY MONEY, PLUS THE MORE U HAVE THE MORE YOUR WORTH NET ASSETS,

Reply #18

psykomo — Mon, 24 Mar 2014 00:56:21 GMT

SBM:

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Reply #17

Piaceri — Sat, 22 Feb 2014 14:02:24 GMT

This.

Plus, if you can borrow for less than you are earning on your investments, then borrowing for business reasons is probably not a bad idea. But to borrow for personal luxuries is not wise.

Reply #16

Shelby Mustang — Sat, 22 Feb 2014 12:20:21 GMT

Now I dont use credit cards unless I can pay off the balance at the end of the month, I hate carrying a balance. Now my debit card, I use that all the time I hardly ever carry cash anymore other than a few dollars for the lottery. I mean I dont even have to balance a check book anymore, I havent had to in 10 yrs, I dont even write checks anymore.

Reply #15

four4me — Sat, 22 Feb 2014 09:25:52 GMT

if I were to open a restaurant or carwash franchise I might consider this option.

Reply #14

KY Floyd — Sat, 22 Feb 2014 09:05:14 GMT

If I'm earning n% on an investment why on Earth would I withdraw it faster than necessary to pay for something I can finance for n

Reply #13

mypiemaster — Sat, 22 Feb 2014 01:25:25 GMT

DEBT FREE...I like the way it sounds.

Reply #12

Jon D — Fri, 21 Feb 2014 14:55:47 GMT

The reason is:

Talented people are often not good with money.

That's why celebrities and athletes need financial people around to protect them, often from themselves. Many times this fails. They often try to live beyond their means, living a lifestyle far and above their level of income.

That's part of the reason for the economic mess we're still recovering from now, people living beyond their means, using financing for houses, education, etc, far and above their level of income.

Ric... [ More ]

Reply #11

Mattapan — Fri, 21 Feb 2014 14:37:16 GMT

This confuses the hell out of me all the time. You see all the hollywood stars who've made money, yet you still hear about how their houses are facing foreclosure!? Are you kidding me? If you make a couple of million per film, you can't buy a home in cash? (i.e. nick cage). I would never finance if I don't have to. I try to pay everything in cash now as I hate using credit cards/debit cards.

Reply #10

helpmewin — Fri, 21 Feb 2014 14:17:02 GMT

Reply #9

savagegoose — Fri, 21 Feb 2014 08:21:30 GMT

i might lease a car to see if i like it. after all lease agreements include costs and maint. and a reg fee on lease is easier to baance the books with.

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Reply #8

Coin Toss — Fri, 21 Feb 2014 00:27:14 GMT

No. Why pay for something three times or more when you can buy it outright.

Reply #7

sully16 — Thu, 20 Feb 2014 23:14:19 GMT

Reply #6

CDanaT — Thu, 20 Feb 2014 23:13:22 GMT

If I was purchasing a new very expensive luxury auto and they offered interest free financing for 2-3-4 years ??

What ta heck...why not let my money grow interest and make the monthly payments. Only costing me a stamp a month if I mail the payments in.

Reply #5

rcbbuckeye — Thu, 20 Feb 2014 23:11:33 GMT

Only same as cash finance. That way you are using someone else's money for free.

Reply #4

Toronto — Thu, 20 Feb 2014 23:09:21 GMT

Yes, even Warren Buffett uses leverage.

Reply #3

Pita Maha — Thu, 20 Feb 2014 21:26:24 GMT

Even if I won 10 million before taxes, I'd not want to owe anyone anything. Billionaires who finance probably get tax write-offs or use the debt in ways they can make more money.

Reply #2

jjtheprince — Thu, 20 Feb 2014 19:37:24 GMT

Not just no, but HELL NO! Why make the banks richer yourself poorer

Reply #1

bigbear29 — Thu, 20 Feb 2014 18:39:05 GMT

no, it's best just not to have any payments. Ex. look at hollywood stars and sports stars that don't payout off their stuff. You don't know what's going to happen in the future. Buy it pay it off.

If and when you did win a jackpot...Would you ever finance anything ever again??

Shelby Mustang — Thu, 20 Feb 2014 18:23:56 GMT

So you win a nice size jackpot. Let's say 100 million before taxes. do you see yourself ever financing anything ever again or would you just pay cash for everything there on out? Me personallly it depends on what it was and how big the part Im financing would be. I know there a billionaires who finance some particular purchases, so it doe happen, but would you do it? Why or why not