Torvy
Super Member
Well. Bury your head in the sand, but the vast majority of people with wealth use credit wisely.
If your cash is invested, you still have it in case of emergency. I’m not following your argument.Cash, Cash only. This is the WAY. The FALLACY of investing the cash and paying by month is a FALLACY. There is 10,000% more chance of you losing that job, your wife losing hers, a major health issue that has you not earning for a year, or just an accident that removes your ability to earn and you've got PAYMENTS to make. Same thing g as the idiots claiming house flipping is great, or buying multiple rentals on loans only. LIFE and Murphy have their plan too. CASH and it belongs to YOU. Not the bank.
I have a 10% stop loss on my investments.Until you need it and the market is down 20%
It's a personal choice. Personal finance and all.
I'm a 100% cash guy. I don't really care what other people do. If borrowing makes them wealthy, awesome. I just took a different road to the same outcome I suppose.
I'm sure I spend less, because seeing $50k leave my hand, is more painful than a monthly payment. Others may not, but I know it makes me, personally, a more thoughtful consumer.