You can used credit to obtain wealth or use it to acquire debt. - TopicsExpress



          

You can used credit to obtain wealth or use it to acquire debt. Example, you use your credit to buy a new Benz...that Benz will most likely depreciate in value unless youre willing to maintenance and store it for 20-30 years until it becomes a classic (if it becomes a classic, every car isnt). The note on that beautiful car youre driving is nothing more than the acquisition of a shiny new debt. That Benz will more than likely never make you more money than you paid for it. On the flip side. A farmer takes out a loan to buy a shiny new tractor. When hes done getting those fields ready and harvesting those crops...he stands a realistic chance of making more money off that tractor than he spent on it. You can use credit to obtain wealth, or to acquire debt. Choice is yours.
Posted on: Wed, 19 Mar 2014 14:26:33 +0000

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