Forum Discussion
bid_time
Jul 20, 2019Nomad II
rk911 wrote:If I can afford to pay cash, I can afford to borrow against that cash and leave my money invested at higher rates.
it sure does. i suspect that the vast majority of millionaires (folks with a net worth of $1m or more) did not use borrowed money to increase wealth. TroubledWaters is ignoring or discounting risk...risk of losing an income stream and not being able to address debt. i know, can't happen/won't happen. i've been fired twice from jobs i thought were secure. being debt free made those situations much less stressful and manageable. in both cases i was able to secure better jobs at higher salaries.
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