Tariffs trip up the all-American RV industry

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.

troubledwaters wrote:

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.

Sorry, not always true.

In reality those "Millionaires" HAD to have SOMETHING to "borrow against" called COLLATERAL in order to get LOW INTEREST LOANS OR LINES OF CREDIT.

You will NEVER become a "Millionaire" borrowing via personal loan OR CREDIT CARD! Try borrowing even $5K from a credit card at typical rates of 21%-25% interest rates or even a "personal" loan (no collateral) which typically is 10%-15% above prime. Yeah, you won't last long doing that..

WISE credit use is what most "Millionaires" typically use and use it sparingly.

Most businesses ultimately end up having to borrow against their "property", that can be buildings and or inventory. When the cost of raw inventory goes up, they MUST make up for that cost and that eventually ends up being passed on to the consumer who buys the companies product.

In the mean time if EVERY company experiences increases in raw materials, they to pass on that cost to the consumers whether it is another BUSINESS or RETAIL/WHOLESALE consumer..

If the company is not able to maintain their margins they ALSO look internally to find ways of reducing their INTERNAL COSTS.. The FIRST PLACE THEY ALWAYS LOOK AT IS THEIR EMPLOYEE HEADCOUNT AND WAGES!

So, if they do not pass on the FULL amount of the increased cost PLUS some extra margin, they will not be able to give pay increases or may end up needing to reduce workforce in order to maintain a good profit margin..

This is not because the company is greedy, it is often because BANKS AND INVESTORS are looking for a FAIR RETURN ON THEIR INVESTMENT!

Each time something goes up (taxes, tariffs, cost of living), it does have a great impact to the final consumer in the end. The consumer must pay more for goods and services therefore they have less to spend.

They the consumers must SPEND LESS since they HAVE LESS TO SPEND and less consumer spending takes money out of the LOCAL economy..

It is a vicious cycle which eventually breaks the economy..

You cannot tax yourself into wealth and "Tariffs" in the end ARE TAXES which are DIRECTLY paid by the end consumer (hint, those tariffs are not hurting China, they have PLENTY of willing buyers from OTHER NATIONS WHICH ARE NOT PLACING TARIFFS ON China made goods!).

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

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.

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.

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!

The more usual model is Walmart comes in, drives all the local businesses under, and then closes the Walmart store.

Walmart may not be too good for their suppliers, too!

https://www.fastcompany.com/47593/wal-mart-you-dont-know

aftermath wrote:
I never knew that Walmart has actually saved small towns. That was a revelation.

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!

HEY YOU KIDS!!!, GET OFF OF MY LAWN!!!!

Cummins12V98 wrote:
WalMart did NOT do anything but provide products that people wanted at the price they wanted to pay.

Don't think anyone has been forced to shop at WalMart. Personally don't care to shop there.

And here it is, the truth. Go back and read through this thread. It starts off with mentioning that tariffs are hurting the RV industry. Actually they are hurting more than just this one industry as examples flowed. Then the believer jumps saying that he is willing to pay such a small sum if it will bring China down. China is the bad guy here and the reason why the tariffs came about in the first place.

Then we end with this statement. You simply cannot ask for China's head and then load up the rig and take the family to a Walmart. Yeah, you hate China but you support them at the same time. Where is the logic here?

I never knew that Walmart has actually saved small towns. That was a revelation.

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)?

As folks mature, they tend to pull their heads out of a dark place and communicate with the world and not just snipe at every opportunity.