Personal Finance on Sidechat | If you can’t buy it cash, you can’t afford it (for most things)

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Personal Finance 18w

If you can’t buy it cash, you can’t afford it (for most things)

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Anonymous 18w

I don’t like to touch cash yuck

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Anonymous 18w

But just because you can buy it in cash doesn’t mean you should

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Anonymous 18w

I mean I have a C7 Z06 at 21 and it’s financed at a really good rate and I’m saving up for a down payment on a house

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Anonymous 17w

Depends. If you can leverage a low rate and “out-run” it in savings/earnings it’s great. Ex. Buy a business at 6% interest but safe 10% return CoC return.

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Anonymous 18w

So why does my friend’s dad have an STO and GT3RS both financed, nice house financed, kids, etc and they are perfectly happy?

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Anonymous

#1 18w

Don’t flex your friend’s dad, it’s not a good look. He’s probably already set in life and has enough cashflow coming in to cover it with, I’m a assuming, a very profitable business

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Anonymous

#1 18w

This advice is for the average Joe who lives like 90% of the American working class

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Anonymous 18w

Carry on sir 🫡

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Anonymous

#4 17w

*I think the post was more about personal items- in that case I agree

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Anonymous

#4 17w

Yea it’s for personal items. A house and business ventures are perfectly fine to not pay cash for

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