Cash Vs. Finance
I'm planning to buy a new RV in March. Yes, I know they depreciate like crazy, but I've window shopped the used market and I don't see any that's what I want at a reasonable price and I don't want to...
Forum Discussion
Bobbo wrote:Bobbo - Why would I wait 5 years to cash out and cover my loans?
For all of those who think it is a good idea to carry debt that you don't need to carry, I hope you never live through a 5+ year recession. I have. I won't carry debt unless it is necessary.
As far as selling your "collateral," good luck with that when the recession hits and no one has any money. As far as withdrawing your savings from your investments when the recession hits, good luck with that when your savings are suddenly 50% of what they were.
Do what you are comfortable doing. I pray that you don't learn a hard lesson.
If the market dropped 10% over a month, I can cash out, cover my loans, and still be thousands $$$ ahead.
