Crazy bro. Like your follow-up post mentioned: http://www.weflyfree.com/manufacturi...amex-bluebird/
I'm not sure I'd go that far but more power to you to take advantage of arbitrage.
I didn't know Dave Ramsey or Susie Orman posted on R3V?
It's one thing to express that it is your personal choice to be cash-only and shy away from debt, but a whole different case when you try to support your opinion with illogical and bad points.
As Todd Black 88 pointed out, good luck ever buying a house in cash... unless it is a foreclosed shack in a bad part of town. Practically speaking, you are basically writing off home ownership because of circular logic based in dislike for credit. (I don't care about my score because I'll never buy a house because I hate credit) Is paying a mortgage simply renting the house? Is it the same as renting it from another person? What happens if the market rises? Does the bank profit? Or do you? This is a capitalist society where those who take risk and invest reap the rewards or losses. Hence, if you borrow money to buy a house, you profit or lose in its sale, not the bank. You own the house with a liability to the mortgage that is tied to the asset. The bank owns your loan and wins interest if you pay and risks a loss if you don't. The same way small businesses operate, bonds work, etc.
How good of job do you do in managing money? Do you have 6-8 months of income aside in emergency funds? Do you have money aside for a deductible if you get in an accident with comprehensive insurance or do you have enough saved aside for another car? Do you have enough different banks with sufficient funds and several debit cards in case one ever gets locked? A classmate in college had a dumb waitress put $1,500 instead of $15.00 in the computer at BW-3's and he couldn't pay his rent, buy food, or do anything. Could that happen to you? Are you assuming that it won't? If someone stole my CC even, I have plenty of backup ones I could use, or write checks, or take out cash. Do you carry a lot of cash around on you? What if you get robbed? Fraud and stolen credit cards are easily fixed. If you are covered for all of those things, props. If not, might want to thing seriously about how good of a job you are doing.
What exactly is "called in credit"?
Not being able to afford a place in cash is pretty much why future purchases like a house or new car are financed over many/several years. That's kind of using circular logic again. Don't want to keep up a house/yard? Townhouse/condo... Arguing that all mortgaged properties are SFH's is poor logic. Couldn't you buy a place and close when your rental agreement was up? Arguing you'd have to pay for both makes absolutely no sense.
This all goes back to you wanting to be cash-only / debt-free as a personal choice... without much more to go on besides that. You are entitled to live however you see fit but don't try and push poor logic on others.
I'm not sure I'd go that far but more power to you to take advantage of arbitrage.
I didn't know Dave Ramsey or Susie Orman posted on R3V?
It's one thing to express that it is your personal choice to be cash-only and shy away from debt, but a whole different case when you try to support your opinion with illogical and bad points.
As Todd Black 88 pointed out, good luck ever buying a house in cash... unless it is a foreclosed shack in a bad part of town. Practically speaking, you are basically writing off home ownership because of circular logic based in dislike for credit. (I don't care about my score because I'll never buy a house because I hate credit) Is paying a mortgage simply renting the house? Is it the same as renting it from another person? What happens if the market rises? Does the bank profit? Or do you? This is a capitalist society where those who take risk and invest reap the rewards or losses. Hence, if you borrow money to buy a house, you profit or lose in its sale, not the bank. You own the house with a liability to the mortgage that is tied to the asset. The bank owns your loan and wins interest if you pay and risks a loss if you don't. The same way small businesses operate, bonds work, etc.
How good of job do you do in managing money? Do you have 6-8 months of income aside in emergency funds? Do you have money aside for a deductible if you get in an accident with comprehensive insurance or do you have enough saved aside for another car? Do you have enough different banks with sufficient funds and several debit cards in case one ever gets locked? A classmate in college had a dumb waitress put $1,500 instead of $15.00 in the computer at BW-3's and he couldn't pay his rent, buy food, or do anything. Could that happen to you? Are you assuming that it won't? If someone stole my CC even, I have plenty of backup ones I could use, or write checks, or take out cash. Do you carry a lot of cash around on you? What if you get robbed? Fraud and stolen credit cards are easily fixed. If you are covered for all of those things, props. If not, might want to thing seriously about how good of a job you are doing.
What exactly is "called in credit"?
Not being able to afford a place in cash is pretty much why future purchases like a house or new car are financed over many/several years. That's kind of using circular logic again. Don't want to keep up a house/yard? Townhouse/condo... Arguing that all mortgaged properties are SFH's is poor logic. Couldn't you buy a place and close when your rental agreement was up? Arguing you'd have to pay for both makes absolutely no sense.
This all goes back to you wanting to be cash-only / debt-free as a personal choice... without much more to go on besides that. You are entitled to live however you see fit but don't try and push poor logic on others.
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