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The Water Cooler
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Thought you've seen inflation? Just wait! Consumer Prices Soar 6.2%
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<blockquote data-quote="wawazat" data-source="post: 3671069" data-attributes="member: 35603"><p>We are definitely glad to start seeing a meaningful amount of new tie ins to our gathering systems. As I am sure a lot of you know in O&G, when stuff gets stagnant it is time to get nervous and update your resume.</p><p></p><p>For the paying off the house comment, I feel like that decision is slightly more complicated than that. If your interest rate is lower than the inflation rate and you get Cost of Living adjustments to your pay each year, that would mean you are paying less on each payment (from a purchasing power perspective) than you originally agreed to. It is a lot of details that determine whether that is the best decision or not. All that said, I hate owing money. If I could operate on a 100% cash basis for everything, my anxiety would be a lot more manageable. It takes a lot of effort for me to acknowledge that is not always the most financially sound way to operate.</p></blockquote><p></p>
[QUOTE="wawazat, post: 3671069, member: 35603"] We are definitely glad to start seeing a meaningful amount of new tie ins to our gathering systems. As I am sure a lot of you know in O&G, when stuff gets stagnant it is time to get nervous and update your resume. For the paying off the house comment, I feel like that decision is slightly more complicated than that. If your interest rate is lower than the inflation rate and you get Cost of Living adjustments to your pay each year, that would mean you are paying less on each payment (from a purchasing power perspective) than you originally agreed to. It is a lot of details that determine whether that is the best decision or not. All that said, I hate owing money. If I could operate on a 100% cash basis for everything, my anxiety would be a lot more manageable. It takes a lot of effort for me to acknowledge that is not always the most financially sound way to operate. [/QUOTE]
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Thought you've seen inflation? Just wait! Consumer Prices Soar 6.2%
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