"Jonathan Ganz" wrote in message
...
In article et,
Maxprop wrote:

"Jonathan Ganz" wrote in message
...
for example) on paper. I buy only what I can afford to pay cash for.

Well, that's not a terrible philosophy, but it isn't necessarily the
best one.

It is ALWAYS the best one, if you have the cash.

Nope. Not always... for some of the reasons cited previously.

I've heard these excuses for decades, and they didn't wash years ago, nor
do
they now. If you add up the tax benefits you get from writing off the
interest on your boat loan, plus any interest you may earn from
investments
made with the money instead of the boat purchase, you're still behind.
The
only real excuse for not paying cash is, "I don't have it." Everything
else
is just rationalization for allowing someone else the opportunity to make
a
lot of money at your expense.

No, that's just not true. Have you suddenly switched professions to an
economoist or CPA?

I've done the math, Jon. You'll realize I speak with non-forked tongue if
you do the math yourself. There is NEVER a good reason to finance a
depreciating asset, especially one not used for making money, if you have
the cash to buy it outright.


Max