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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="Glocktogo" data-source="post: 1329034" data-attributes="member: 1132"><p>This. Except:</p><p></p><p></p><p></p><p>I've yet to see a good use for debt that actually outweighed the liabilities of cash liquidity. Credit on the other hand can be very useful. Every time I get free money from lenders and CC companies, I laugh and say "Suckers!", then I pay off the bill before paying a single cent in fees or interest. The only time I pull out cash is when dealing with a vendor that I can negotiate a higher discount than my "money back account", by paying cash. Otherwise, why not use someone elses money for a while?</p><p></p><p>Now, if you're on the other end of the lender/cc equation and paying fees and interest, what do you think they're calling you? So if that's the case, what do you think RM lenders are calling their marks?</p></blockquote><p></p>
[QUOTE="Glocktogo, post: 1329034, member: 1132"] This. Except: I've yet to see a good use for debt that actually outweighed the liabilities of cash liquidity. Credit on the other hand can be very useful. Every time I get free money from lenders and CC companies, I laugh and say "Suckers!", then I pay off the bill before paying a single cent in fees or interest. The only time I pull out cash is when dealing with a vendor that I can negotiate a higher discount than my "money back account", by paying cash. Otherwise, why not use someone elses money for a while? Now, if you're on the other end of the lender/cc equation and paying fees and interest, what do you think they're calling you? So if that's the case, what do you think RM lenders are calling their marks? [/QUOTE]
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