I know, its all rather anal at this point - but, I guess my underlying point here - if I realized I was trying to make one - is that we are again finding ourselves victims of marketing when we tell ourselves that there is such a thing as good debt.
This is the first step in financial behavioral manipulation. -- ME2 On Mon, Jan 12, 2009 at 6:20 PM, Michael B. Smith <mich...@theessentialexchange.com> wrote: > Urf. > > Debt and credit (the use of) are mirror images of the same thing. You can't > have one without the other. > > Financial gain - financial independence - is about LEVERAGE. You either > "stand pat" on what you have, you leverage it, or you lose it. > > IMHO. YMMV. > > Regards, > > Michael B. Smith, MCITP:SA,EMA/MCSE/Exchange MVP > My blog: http://TheEssentialExchange.com/blogs/michael > I'll be at TEC'2009! http://www.tec2009.com/vegas/index.php > > > -----Original Message----- > From: Rod Trent [mailto:rodtr...@myitforum.com] > Sent: Monday, January 12, 2009 6:14 PM > To: NT System Admin Issues > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > Completely agree. > > -----Original Message----- > From: Micheal Espinola Jr [mailto:michealespin...@gmail.com] > Sent: Monday, January 12, 2009 6:06 PM > To: NT System Admin Issues > Subject: Re: Would this be good for IT, or what? (UNCLASSIFIED) > > I am not suggesting that debt is not a requirement to an objective in > many cases. But saying debt is good is beyond me. Credit is good. > Debt is bad. Debt is not a tool. Credit and leans are tools. Debt > is a completely negative aspect of finance. > > -- > ME2 > > > > On Mon, Jan 12, 2009 at 4:05 PM, Jonathan Link <jonathan.l...@gmail.com> > wrote: >> Since your objection seems to be based on semantics, can I suggest that > some >> debt is necessary (to achieve a certain goal within certain established >> criteria, i.e. buy an affordable house adequately sized to one's needs) > and >> some debt is frivolous (I want the McMansion, supersized, please with a 1% >> teaser rate that resets to prime +10 in two years)? >> >> Debt is a tool, and like any tool it can be used correctly and it can be >> used incorrectly. A careful analysis of the situation is required by > every >> user, which was quite rare these last 20 years. >> On Mon, Jan 12, 2009 at 3:40 PM, Micheal Espinola Jr >> <michealespin...@gmail.com> wrote: >>> >>> +1. >>> >>> No debt is ever "good debt". That is the banking/credit industry >>> fooling you. Everything they do is to make money. Not to give you >>> anything for free *ever*. >>> >>> Points? Cash back? Stop fooling yourself. >>> >>> -- >>> ME2 >>> >>> >>> >>> On Mon, Jan 12, 2009 at 3:15 PM, Jim Majorowicz <jmajorow...@gmail.com> >>> wrote: >>> > That last sentence is exactly what got this country into this mess. >>> > >>> > >>> > >>> > From: David Mazzaccaro [mailto:david.mazzacc...@hudsonhhc.com] >>> > Sent: Monday, January 12, 2009 11:28 AM >>> > To: NT System Admin Issues >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > Some debt is good debt. >>> > >>> > For taxes, you do get to deduct the interest on your mortgage...if you >>> > pay >>> > off your house, you lose that deduction. >>> > >>> > Additionally, you now have hundreds of thousands of dollars sitting > idle >>> > in >>> > your house that you can do nothing with (until you sell it). >>> > >>> > >>> > >>> > >>> > >>> > >>> > >>> > ________________________________ >>> > >>> > From: Webster [mailto:carlwebs...@gmail.com] >>> > Sent: Monday, January 12, 2009 1:59 PM >>> > To: NT System Admin Issues >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > Yes. But we moved to TN back in August and have a mortgage again. L I >>> > am >>> > working on paying it off as fast as possible. >>> > >>> > >>> > >>> > >>> > >>> > Webster >>> > >>> > >>> > >>> > From: Jacob [mailto:ja...@excaliburfilms.com] >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > Wow.. did that include the mortgage? >>> > >>> > >>> > >>> > From: Webster [mailto:carlwebs...@gmail.com] >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > +6 for Dave Ramsey. Paid off $197,000 in debt in 4.5 yrs. >>> > >>> > >>> > >>> > >>> > >>> > Webster >>> > >>> > >>> > >>> > From: David Lum [mailto:david....@nwea.org] >>> > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) >>> > >>> > >>> > >>> > +1 times ten! >>> > >>> > >>> > >>> > We'll spend thousands sending out kids to college but never teach them >>> > the >>> > basics of money and not using credit for anything but a house. My >>> > parents >>> > didn't teach me that, it took me over 40 years (until Feb of last year) >>> > to >>> > really "get it" (thank you Dave Ramsey). Funny the things we think we >>> > *need* >>> > to have. Pretty sure 99% of these items our ancestors got along just >>> > fine >>> > without. >>> > >>> > >>> > >>> > Veering nearer to back on topic, adding the need for several thousand > IT >>> > jobs can't be a bad thing, but I am interested in hearing from IT guys >>> > in >>> > the healthcare industry what obstacles need to be overcome. 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