**Dfw Credit Card Gurus....advice needed**

[8mpg]

Okay genius. Please explain to me how you borrow your way to prosperity. I am all ears.

I have owned hundreds of cars and I have only bought 1 new one and I only did that because it was cheaper then a 3 year old used one. Paying cash for a car that has already depreciated a great deal makes perfect sense to me. Maybe you can show me the error of my ways.

I do not doubt that you are financially stable; I just like to do things my way and try to convert others to it as well.

Hundreds of cars?

Look into real estate investment. Any business out there... Not many people out there or business out there can start or function without the use of leveraging other peoples money. Read the book Cashflow Quadrant by Roberty Kyosaki... read the bigger pockets website...hell just be educated and not closed minded.

Financially stable...yeah. My income outweighs what I owe on my house. I can save 50% of my paycheck a month. Im stable.

[slow99]

I feel like I'm being baited.

[71chevellejohn]

I feel like I'm being baited.

[ame]http://www.youtube.com/watch?v=fMafLdEFgPQ[/ame]

[svauto-erotic855]

With that much money you could at least be earning a little bit of interest by holding onto it for a bit longer

Interest? What is that? Isn't that something that banks USED to pay you?

Hundreds of cars?

Look into real estate investment. Any business out there... Not many people out there or business out there can start or function without the use of leveraging other peoples money. Read the book Cashflow Quadrant by Roberty Kyosaki... read the bigger pockets website...hell just be educated and not closed minded.

Financially stable...yeah. My income outweighs what I owe on my house. I can save 50% of my paycheck a month. Im stable.

Glad that you are stable. This country needs more people who are like you.

I do not have to look into investing in real estate; I am heavily invested in it already.

There will never be an instance where I would consider borrowing money to make money with; it just ain't in me.

[8mpg]

Interest? What is that? Isn't that something that banks USED to pay you?




Glad that you are stable. This country needs more people who are like you.

I do not have to look into investing in real estate; I am heavily invested in it already.

There will never be an instance where I would consider borrowing money to make money with; it just ain't in me.

right..much better to risk your own financial stability.

[svauto-erotic855]

right..much better to risk your own financial stability.

????

Borrowed money must be paid back, usually with fees and interest even if you no longer have any money to pay it back with. Losing my principal and being at zero is a lot more appealing to me than losing borrowed money and being in the hole. I am glad that you have figured out something that works for you; what I do works for me.

[bluecollar]

I feel like I'm being baited.

Don't let the sound of squeaky king ranch seats hypnotize you.

But I'll gladly listen to any advice you wanna throw out.

I was thinking of converting everything into pork belly futures. Thoughts?

[svauto-erotic855]

I was thinking of converting everything into pork belly futures. Thoughts?

I have a cheap place that you can live in once you lose everything.

[Cooter]

I guess I won't admit that I usually have around 10k on me at all times.

Good deals usually don't take credit cards.

[Denny]

I guess I won't admit that I usually have around 10k on me at all times.

Good deals usually don't take credit cards.

That is a resource for you to make money, though.

[Baron Von Crowder]

That is a resource for you to make money, though.

one of my good friends started using an amex to order his company's raw materials. He's stacking up points like mad, and he gets between 1 and 3 percent discount from his vendors for paying up front.

[racrguy]

This just in: SVO has a huge net worth, is a 1%'er, has hundreds of thousands in credit limits, but doesn't know what is or how to leverage money.

Seems legit.

I'm broke as fuck and I can come up with 10k in less than 24hr. Who gives a fuck?

[white trash wagon]

A credit card is a very useful device for your everyday purchases. It gives you some level of security, the ability to buy online, tracking and consolidation of your expenses. But it's NOT meant for financing. If you pay your bill every month, you'll never get in trouble.

At this point in my life, I only finance houses - although if someone is offering 0% financing, I will use that sometimes, as borrowing someone else's money for free, leaves my cash to earn money in my portfolio. I always keep $10K-$15K in my checking account for emergencies, or quick cash deals (like Forrest pointed out). The rest is in long terms investments.

[Cooter]

This just in: SVO has a huge net worth, is a 1%'er, has hundreds of thousands in credit limits, but doesn't know what is or how to leverage money.

Seems legit.

I'm broke as fuck and I can come up with 10k in less than 24hr. Who gives a fuck?

you should take him up on his offer for lunch

he's an interesting dude

[bluecollar]

This just in: SVO has a huge net worth, is a 1%'er, has hundreds of thousands in credit limits, but doesn't know what is or how to leverage money.

Seems legit.

I'm broke as fuck and I can come up with 10k in less than 24hr. Who gives a fuck?

I'm broke too, don't feel bad.


Hell the guy that I learned the business from uses credit errrryday. Net worth in the area of 6MM. Why use cash that is drawing x% interest somewhere else when you can use someone else's money for 0.x%
Tons of people use similar practices.