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<blockquote data-quote="Callem'In" data-source="post: 196701" data-attributes="member: 1222"><p>At an early age in life, my father said "you do not finance toys, if you do not have the money for it, you should not buy it". For me, this motto has stuck in my head. I weighed the pros and cons of paying for my new boat vs. financing, and came to the conclusion of I can pay cash for the boat, make a "monthly payment" to my account and not have to pay interest. In the big picture I believe I will be money ahead in the end. Yes, I wont make any interest on the money spent, But I also cant "lose" any if the market crashes.</p></blockquote><p></p>
[QUOTE="Callem'In, post: 196701, member: 1222"] At an early age in life, my father said "you do not finance toys, if you do not have the money for it, you should not buy it". For me, this motto has stuck in my head. I weighed the pros and cons of paying for my new boat vs. financing, and came to the conclusion of I can pay cash for the boat, make a "monthly payment" to my account and not have to pay interest. In the big picture I believe I will be money ahead in the end. Yes, I wont make any interest on the money spent, But I also cant "lose" any if the market crashes. [/QUOTE]
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