Comments on: Ten Commonalities of Debt and Carbs http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/ Money Management, Small Business, Career Sun, 21 Mar 2010 02:34:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11984 Ryan Fri, 22 Aug 2008 14:49:40 +0000 http://cashmoneylife.com/?p=862#comment-11984 Rich Credit Debt Loan, Thanks for sharing this with everyone! :) Rich Credit Debt Loan,

Thanks for sharing this with everyone! :)

]]> By: Ryan http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11983 Ryan Fri, 22 Aug 2008 14:49:06 +0000 http://cashmoneylife.com/?p=862#comment-11983 LOL. Not from me. ;) LOL. Not from me. ;)

]]> By: Dividend Growth Investor http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11982 Dividend Growth Investor Fri, 22 Aug 2008 14:47:21 +0000 http://cashmoneylife.com/?p=862#comment-11982 Do I hear a healthcarbslife website being branched out of cashmoneylife? DGI Do I hear a healthcarbslife website being branched out of cashmoneylife?

DGI

]]> By: Rich Credit Debt Loan http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11958 Rich Credit Debt Loan Fri, 22 Aug 2008 06:50:51 +0000 http://cashmoneylife.com/?p=862#comment-11958 Thank you CML for the opportunity... I am glad that readers found the post both interesting and humorous... My humor being dry I am never sure if others are following or not... Personally I look at good debt as debt that provides the opportunity to create wealth and increase income streams. RCDL aka WeightLadder Thank you CML for the opportunity… I am glad that readers found the post both interesting and humorous… My humor being dry I am never sure if others are following or not…

Personally I look at good debt as debt that provides the opportunity to create wealth and increase income streams.
RCDL aka WeightLadder

]]> By: deepali http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11924 deepali Thu, 21 Aug 2008 18:32:02 +0000 http://cashmoneylife.com/?p=862#comment-11924 I took on some debt a while back on a 0% intro apr card for 15 months. I didn't have the cash in hand immediately, but the deal on the item was really good. So I made a plan to pay it back over the 15 months, in the same way I might save for it over 15 months. Difference being, 15 months later and no similar deal in sight. And debt paid off. In the same way, I ate crackers last night an hour or so before running. Needed the immediate energy boost that only carbs could give me, but didn't eat so many that I would get sick or go over my caloric limit. Good post! I took on some debt a while back on a 0% intro apr card for 15 months. I didn’t have the cash in hand immediately, but the deal on the item was really good. So I made a plan to pay it back over the 15 months, in the same way I might save for it over 15 months. Difference being, 15 months later and no similar deal in sight. And debt paid off.

In the same way, I ate crackers last night an hour or so before running. Needed the immediate energy boost that only carbs could give me, but didn’t eat so many that I would get sick or go over my caloric limit.

Good post!

]]> By: Ryan http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11920 Ryan Thu, 21 Aug 2008 17:07:12 +0000 http://cashmoneylife.com/?p=862#comment-11920 TML, I understand your view, and agree with it. It is a blessing not to have a house payment or rent. Kiyosaki has some interesting views (some of which are eye-opening in a good way; some of which can be downright dangerous if taken out of context). Regarding assets, his view is that if it doesn't produce income, it is not an asset (until it is realized in a sale). I'm not quoting Kiyosaki because I agree with his views and can't think for myself. I am merely presenting another viewpoint. In my opinion, a mortgage and owning a house can qualify as an asset. TML,

I understand your view, and agree with it. It is a blessing not to have a house payment or rent.

Kiyosaki has some interesting views (some of which are eye-opening in a good way; some of which can be downright dangerous if taken out of context). Regarding assets, his view is that if it doesn’t produce income, it is not an asset (until it is realized in a sale).

I’m not quoting Kiyosaki because I agree with his views and can’t think for myself. I am merely presenting another viewpoint. In my opinion, a mortgage and owning a house can qualify as an asset.

]]> By: ToughMoneyLove http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11919 ToughMoneyLove Thu, 21 Aug 2008 16:59:33 +0000 http://cashmoneylife.com/?p=862#comment-11919 I have not read Kiyosaki and probably will not because I've heard a lot of strange things about his views. Calling a house that provides you tax-free shelter services a non-asset doesn't make sense to me. If I am retired and don't need income to pay a mortgage or rent because I own my home, that is a huge asset in an overall financial plan. If my rent would be $1500 per month otherwise, that paid-up house is throwing off imputed income in that amount every month, tax free. I have not read Kiyosaki and probably will not because I’ve heard a lot of strange things about his views. Calling a house that provides you tax-free shelter services a non-asset doesn’t make sense to me. If I am retired and don’t need income to pay a mortgage or rent because I own my home, that is a huge asset in an overall financial plan. If my rent would be $1500 per month otherwise, that paid-up house is throwing off imputed income in that amount every month, tax free.

]]> By: Ryan http://cashmoneylife.com/2008/08/21/ten-commonalities-of-debt-and-carbs/comment-page-1/#comment-11917 Ryan Thu, 21 Aug 2008 16:47:00 +0000 http://cashmoneylife.com/?p=862#comment-11917 Tough Money Love, I don't have a definitive answer, but I think that if you take on debt that gives you opportunity to make money in the long run, it could qualify as good debt. In addition to a mortgage, where you are acquiring an asset, a small business loan could qualify for this definition. Of course, by Kiyosaki's definition, a mortgage isn't an asset even when you pay the house off, unless you can somehow make money from it via rent or something else. I think it comes down to different flavors of debt. Debt for a mortgage or business isn't necessarily as bad as debt to pay off a new wardrobe or sports car. Tough Money Love,

I don’t have a definitive answer, but I think that if you take on debt that gives you opportunity to make money in the long run, it could qualify as good debt. In addition to a mortgage, where you are acquiring an asset, a small business loan could qualify for this definition.

Of course, by Kiyosaki’s definition, a mortgage isn’t an asset even when you pay the house off, unless you can somehow make money from it via rent or something else.

I think it comes down to different flavors of debt. Debt for a mortgage or business isn’t necessarily as bad as debt to pay off a new wardrobe or sports car.

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