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The Water Cooler
General Discussion
How many of you are debt free? (Dave Ramsey stuff)
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<blockquote data-quote="farmerbyron" data-source="post: 2483501" data-attributes="member: 4953"><p>Debt is a tool. You just have to know how to use it. Doing taxes there was a 3 month stretch where I spent 130k on farming expenses. Without a loan, I would not have been able to put on fertilizer/herbicide which generated more revenue than without borrowing. Business debt is a whole different animal. </p><p></p><p>Now personal debt like financing computers, furniture, appliances etc is where most people get into trouble. If you can't pay cash for that stuff, do without.</p></blockquote><p></p>
[QUOTE="farmerbyron, post: 2483501, member: 4953"] Debt is a tool. You just have to know how to use it. Doing taxes there was a 3 month stretch where I spent 130k on farming expenses. Without a loan, I would not have been able to put on fertilizer/herbicide which generated more revenue than without borrowing. Business debt is a whole different animal. Now personal debt like financing computers, furniture, appliances etc is where most people get into trouble. If you can't pay cash for that stuff, do without. [/QUOTE]
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How many of you are debt free? (Dave Ramsey stuff)
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