"John H" wrote in message
...
On Thu, 24 Mar 2005 18:34:51 GMT, "Calif Bill"
wrote:
Hmm, so, let's see, if I am debt free, ALL of my surplus money can be
earning for me. If you are still in debt up to your ass, you don't have
near the surplus money, because you are paying someone else to use
their money. Hell, it's simple, even for you. Also, I see that you
still don't have the mental capacity to debate a subject without
childish name calling. Pretty pathetic.
If I can borrow $10,000,000 at 4% and can invest that money at 6%, I am
not
debt free, but I can earn 2% on that $10,000,000. Which is a nice $200k
income before taxes. If I can deduct the interest on the $10,000,000 from
my income, as it is a loan for investment purposes, then my net income is
even better. Debt free is not the best way. if you were debt free in
this
scenario, then you would have $200k less income.
Here's the problem. You are assuming that making money is advantageous.
With
basskisser, you shouldn't be making assumptions.
LMAO
--
John H
"All decisions are the result of binary thinking."
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