03-07-2014, 01:09 PM
|
#1
|
|
Certified Boxster Addict
Join Date: Nov 2010
Location: Los Angeles
Posts: 7,669
|
Actually credit is king. Credit is how wealth is leveraged. It makes perfect sense to have someone else float your purchases for 30 days at no cost while your money earns interest. Its all about playing the spread and if its good enough for banks, its good enough for me.
That $7,000 was really worth $7,018 (at about 3% for a month). Making almost $20 on a purchase for doing nothing? It can't get any ea$ier.
__________________
1999 996 C2 - sold - bought back - sold for more
1997 Spec Boxster BSR #254
1979 911 SC
POC Licensed DE/TT Instructor
|
|
|
|
03-07-2014, 02:39 PM
|
#2
|
|
Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
|
Quote:
Originally Posted by thstone
Actually credit is king. Credit is how wealth is leveraged. It makes perfect sense to have someone else float your purchases for 30 days at no cost while your money earns interest. Its all about playing the spread and if its good enough for banks, its good enough for me.
That $7,000 was really worth $7,018 (at about 3% for a month). Making almost $20 on a purchase for doing nothing? It can't get any ea$ier.
|
I'd rather help a small business with their cash flow than give those credit card rentier *#~^'s more of what they don't need and someone else does. I'm also moving my cash accounts to smaller non-TBTF banks and avoiding purchases from non-regional retailers in place of companies who keep the revenue/earinings local. If I want to make some money off the Bailed-out bank/credit card co. of the month, I'll buy the sector ETF.
OTOH...Help the local economy and jobs, increase competition. win win.
__________________
GT3 Recaro Seats - Boxster Red
GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11
Fabspeed Headers & Noise Maker
BORN: March 2000 - FINLAND
IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW
Last edited by Perfectlap; 03-07-2014 at 02:41 PM.
|
|
|
|
|
03-07-2014, 02:41 PM
|
#3
|
|
Registered User
Join Date: Mar 2014
Location: Los Angeles
Posts: 3
|
credit cards and tears
|
|
|
|
|
03-07-2014, 03:12 PM
|
#4
|
|
Porsche "Purist"
Join Date: Aug 2003
Location: Wisconsin
Posts: 2,123
|
I charge almost everything on an airline Visa card to rack up air miles. Always pay in full, paid no interest in years.
__________________
1998 Boxster with 7.8 DME, 2005 3.6 liter/325 hp, Variocam Plus, 996 Instrument panel
2001 Boxster original owner. I installed used motor at 89k.
1987 924S. 2002 996TT. PST-2
Owned and repaired Porsches since 1974. Porsche: It's not driving, it's therapy.
|
|
|
|
|
03-08-2014, 12:31 AM
|
#5
|
|
Registered User
Join Date: Jan 2011
Location: Peoples Republic of Kaliforneea
Posts: 686
|
Yup. All my credit cards have no annual fees, and I earn on avg 1-3% on every purchase cash back. Pay it in full every month.
__________________
02 Boxster (DD sans kids)
03 Dodge Ram Quad Cab (Stuff hauler)
06 Maserati Coupe Cambiocorsa (Personal weekend car)
06 Maserati Quattroporte (Family hauler)
08 Corvette Z06 (Track car)
|
|
|
|
|
03-08-2014, 06:37 AM
|
#6
|
|
Registered User
Join Date: Dec 2013
Location: maryland
Posts: 60
|
Citi bank master card. Just cashed in my earned reward for a hardtop mounting kit, 04 radiator cap and a new engine mount. The more I spend the more I can buy! Wait that's why perpetual motion doesn't work.
|
|
|
|
|
03-08-2014, 06:54 AM
|
#7
|
|
Registered User
Join Date: Jul 2004
Location: Houston, Texas
Posts: 7,243
|
My tech only takes cash and I supply the parts I know need swapping or he tells me to order and have shipped to him overnight.
I wrench a lot on my car myself now though. It's a pain to get my car over to him for work and it's expensive too.
|
|
|
|
|
03-09-2014, 09:26 AM
|
#8
|
|
Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
|
who is arock?
__________________
GT3 Recaro Seats - Boxster Red
GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11
Fabspeed Headers & Noise Maker
BORN: March 2000 - FINLAND
IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW
|
|
|
|
|
03-09-2014, 09:40 AM
|
#9
|
|
I am my own mechanic....
Join Date: Feb 2013
Location: Salt Lake City, UT
Posts: 3,432
|
Quote:
Originally Posted by Perfectlap
who is arock?
|
Ha ha. From another website. He ripped off a few members on the sale of items and that is commonly used to prove you really just took that pic and it's not from the web.
Worlds collide!!
__________________
'04 Boxster S 50 Jahre 550 Spyder Anniversary Special Edition, 851 of 1953, 6-sp, IMS/RMS, GT Metallic silver, cocoa brown leather SOLD to member Broken Linkage.
'08 VW Touareg T-3 wife's car
'13 F150 Super Crew long bed 4x4 w/ Ego Boost
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
All times are GMT -8. The time now is 05:30 PM.
| |
Turbo
Christine
Frank N Stein
Ghost
Hybrid Mode
