Jim Timber
Veteran Member
Well, not all of us started out on sure footing. Credit is a tool just like a hammer, truck, or chainsaw. How you use it, maintain it, and if you choose the right one for the job make a big difference in how things work out in the end.
I use a credit line to buy my inventory in a large enough volume to get quantity breaks. I pay a little percentage to do so, and I make a lot more on that savings than I pay in interest on the transactions. If I was in a position to just pay cash, that'd be even better yet, but I'm not so I choose to use the tools available to make my income possible rather than waiting for money to fall out of the sky.
YMMV.
I use a credit line to buy my inventory in a large enough volume to get quantity breaks. I pay a little percentage to do so, and I make a lot more on that savings than I pay in interest on the transactions. If I was in a position to just pay cash, that'd be even better yet, but I'm not so I choose to use the tools available to make my income possible rather than waiting for money to fall out of the sky.
YMMV.