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<blockquote data-quote="MarbleEyez" data-source="post: 79847" data-attributes="member: 1292">It comes down to responsible lending. Things in life cost money. Whether it's investment properties such as apartment buildings, the house in which you live in, the car/vehicle in which you drive, or the BOAT in which you fish in, fun toys etc. The &quot;I don't need it unless I can pay cash for it&quot; mentality is great for one person and a complete joke for the next. I take advantage of &quot;financial opportunities&quot;. No one comes into this world holding a bag of money, no one leaves this world with a bag of money. Every successful person has borrowed money at one point in time, the difference is that they did &quot;educated borrowing&quot;. Not picking on anyone too hard but a vast majority of people are &quot;stupid&quot; when it comes to financial responsibility. Borrowing $1M for a real estate purchase that you net lets say $40K off of is not comparable to buying a $50,000 recreation toy that you finance for 120months (10yrs). That is the difference between &quot;Educated borrowing&quot; vs. &quot;Stupid borrowing&quot;.</blockquote>

[QUOTE="MarbleEyez, post: 79847, member: 1292"] It comes down to responsible lending. Things in life cost money. Whether it's investment properties such as apartment buildings, the house in which you live in, the car/vehicle in which you drive, or the BOAT in which you fish in, fun toys etc. The "I don't need it unless I can pay cash for it" mentality is great for one person and a complete joke for the next. I take advantage of "financial opportunities". No one comes into this world holding a bag of money, no one leaves this world with a bag of money. Every successful person has borrowed money at one point in time, the difference is that they did "educated borrowing". Not picking on anyone too hard but a vast majority of people are "stupid" when it comes to financial responsibility. Borrowing $1M for a real estate purchase that you net lets say $40K off of is not comparable to buying a $50,000 recreation toy that you finance for 120months (10yrs). That is the difference between "Educated borrowing" vs. "Stupid borrowing". [/QUOTE]

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