Posts by fadedraven77

Heh... we're managing to stay afloat in

But honestly, if they actually handed out salaries like that, most people would just spiral into even deeper debt 😁

Kimberly Lopez65 said:Look, I get it. It all boils down to the math and the fine print in the contract. I’m always stuck in this "either-or" loop. Honestly, I just don't have the heart to drive a five or six-year-old car; I'd much rather be in something fresh every five years. 🙂 Though, looking back, maybe I'm being a bit too idealistic. Maybe I should dial it back a notch—just talking to myself here. 🙂
We'll see how it plays out. I gave myself a year before making any final calls anyway. Until then, I'll just keep putting extra cash toward investments or building up the fund for the next ride. I don't actually *need* a new car right this second. My current one still runs fine, even if it is eight years old. And since it's a Korean model, maintenance has been practically nonexistent outside of standard service visits—I always stick to the dealership, which is why it’s still in great shape—gas, and the usual stuff.

Thanks, Edgar, for the deep dive on the whole loan versus leasing debate. 🙂

Your best bet is to pick up a two-year-old car every couple of years. Specifically, buy from people who lease them—they love swapping out their brand-new cars every two years anyway.😉

Plus, if you run a business and import vehicles through the company, you can write off the sales tax and get those credits back. That's the real way to win.

Robin Wright27 said:I get the logic, truly. I am fully aware that the money was spent once, and believe me, I tried to avoid the overdraft. But then what? Am I supposed to go hungry? Strip myself bare? Let my kids live in absolute poverty? I won't have it...
I work hard, and I want my children—and myself—to have the essentials, things I never had growing up...
Let THEM enjoy their lavish lifestyles; if the government can be drowning in debt, why shouldn't we be allowed to survive too?...
To be clear, I would love nothing more than for all of us in America to be in the black and enjoying the fruits of our labor, but apparently, we are viewed as nothing more than insignificant tax cattle...

You didn't really get it...

If you manage to survive and keep your family fed even after hitting a negative balance, all while watching your monthly bills climb because of interest, the logical conclusion is that you could have avoided the deficit in the first place.

Whether you chose to go into the red is your own call, just like you said.