Quote:
|
And, yes, I did pay cash for my car. There is no way in hell I'm paying someone money for the purpose of keeping a car that I don't own; this is the same reason I don't "own" a credit card... if I can't afford to pay cash, I don't need it.
|
I just reread this.
I think you are confusing good debt and bad debt. You do know that credit can be a good thing right? When you apply for a home loan or even a job, do you think they care about how much cash you have in your pocket? Or do they care about your credit score?
And yes, paying interest is sometimes better than NOT paying interest, depending on what your gains could have been with the money you spent avoiding the interest.
Of course, if you have the disposable income to write a check for a Z, it probably doesn't matter what anyone says....you're wealthy enough to do whatever you want! More power to you!