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In Reply to: Is this a catastrophe? posted by tweaker456 on May 20, 2023 at 05:39:10:
...how much the average household pays in annual interest on credit cards, home mortgages, car loans/leases, and other personal debts. I know lots of people that pay more than $2,000 per year to service their own personal/household debt.
Besides that, the old addage "it takes money to make money" is true. Regardless of what sort of business endeavor you are involved with, at some point you will end-up borrowing money to succeed/expand.
Debt is (in and of itself) not necessarily a "bad" thing, if properly managed/maintained. It's more of a fact of life, both for individuals and businesses. The problems arise when excessive or irresponsible spending gets out of control.
"And today is for sale and it's all you can afford. Buy your own admission. The whole things got you bored. Well the Lord chooses the good ones, and the bad ones use the Lord"--a very dear friend for decades Michael Stanley (Gee)--RIP
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- Not when you consider... - dark_dave56 03:08:44 05/21/23 (17)
- RE: Not when you consider... - pictureguy 10:26:30 05/21/23 (16)
- RE: Not when you consider... - tweaker456 11:22:42 05/21/23 (15)
- NIH Budget. - pictureguy 23:01:09 05/23/23 (0)
- RE: Not when you consider... - pictureguy 14:26:19 05/22/23 (13)
- RE: Not when you consider... - tweaker456 14:57:00 05/22/23 (12)
- RE: Not when you consider... - pictureguy 17:55:03 05/24/23 (1)
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- "You can use logical fallacies..." - Krav Maga 12:52:15 05/23/23 (4)
- RE: "You can use logical fallacies..." - tweaker456 05:23:32 05/24/23 (2)
- RE: "You can use logical fallacies..." - Krav Maga 17:18:40 05/24/23 (1)
- RE: "You can use logical fallacies..." - pictureguy 21:04:13 05/27/23 (0)
- RE: "You can use logical fallacies..." - pictureguy 16:26:41 05/23/23 (0)
- RE: Not when you consider... - pictureguy 16:02:41 05/22/23 (4)
- RE: Percent of US government revenue spent to service it's debt - tweaker456 19:34:05 05/22/23 (3)
- RE: Percent of US government revenue spent to service it's debt - pictureguy 22:15:05 05/22/23 (2)
- RE: Percent of US government revenue spent to service it's debt - tweaker456 09:53:41 05/23/23 (1)
- RE: Percent of US government revenue spent to service it's debt - pictureguy 12:00:15 05/23/23 (0)