How do you pay for big repairs?

[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.

[Perfectlap]

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.