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1
tcriv 1 point ago +6 / -5

nothing wrong with buying a car on a loan lol

leveraging debt is an excellent way to maximize your overall yearly income. assuming you're financially savvy, there is absolutely NOTHING wrong with debt whatsoever.

2
SharkTeamTrump 2 points ago +2 / -0

Don't borrow money to buy depreciating assets.

1
RosieODonald 1 point ago +1 / -0

Totally agreed. The kind of car you should buy depends on what you can afford but people getting in 10k+ debt for a car and don't make much money are fools.

Starve the usurers as much as you can. They are the real enemy.

2
Tellguy 2 points ago +3 / -1

Disagree. Debt is for most people to be avoided if possible. As a golden rule.

Cars are a bit different as they can be liquidated for money. Unless let's say a consumer loan for vacation or a hobby.

1
SloppyMichaelMoore 1 point ago +1 / -0

The way the government is spending money debt is definitely the way to go. The only winners when inflation eventually skyrockets are the debtors.

1
Tellguy 1 point ago +1 / -0

Governments are different to individuals. Inflation is a hidden tax.

1
SloppyMichaelMoore 1 point ago +1 / -0

Its a hidden tax on cash not debt. The higher inflation goes the less your debt is worth.

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ReadMoreKMac 1 point ago +3 / -2

Tell them, Ari! Autonomy is bad!

If you don't let the banks have control of you, you won't be rich like us.