Tariffs trip up the all-American RV industry

d3500ram wrote:

rk911 wrote:

tomman58 wrote:

troubledwaters wrote:

rk911 wrote:

pitch wrote:

ZINGERLITE wrote:

Cummins12V98 wrote:

Grit dog wrote:
Is this what ya do when you get old? Sit around and argue about economics, politics and the weather (and axle ratings, lol)?

YUP

Shop local only and you need a 1 ton to tow a pop up!

And always pay cash. If you need credit you can't afford it!

i agree that avoiding debt is a step along the path to wealth and financial independence but not carrying CC debt and not using CCs are two different things.

Every millionaire i know borrowed money and used that money to leverage deals to make big time money. Fact is, I have plenty of borrowed money at 4% while my invested money is making 13% right now.

Boy that sure sounds like the recipe for disaster! That's one of those thongs that works so good till it doesn't LOL

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.

I have nothing to add except I like to see how many responses that have many multiple quotes-in quotes within quotes we can get. But I am enjoying the topic of this thread.