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Posted (edited)

Ahhh, I have been trying to stay away from this topic but

It really all boils down to people understanding the difference between the concepts ... need and want.  There is nothing wrong with debt as long as it is used  for things needed and used  judiciously, it can get out of hand when you use it for want.

Back to lurk mode.

Edited by JimErn
Posted

I agree Jim... A house mortgage is sometimes needed as not many people can save up that kind of cash..  Car's on the other hand I feel like yeah.. cars are needed by some people.. but not necessarily a brand new car is needed when there are tons of good used cars on the market.. then the need vrs want comes to play.. with the car buying... I don't know anyone on this earth that "Needs" a BMW when the Chevy or Ford will get you to the same places just fine.. If you have cash money and can afford the BMW.. nothing wrong with that..  

 

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