Bishop

See, that's a whole different mistake.

Okay, that's a whole different mistake.

I look at it differently because I think capital is king.

Once you give up the cash, you can never get it back again.

If you finance it and you're reasonable about getting something that you can afford, when you get ready to

to trade it in in a few years, you pass that debt on to somebody else, and you still got the cash.

If you pay all the cash out, you're now carless and cashless.

Yes, sir.

So you want to keep enough cash reserves that should something come up that you need to pay it off, you always can, but you can borrow and invest the money and make more money off of the interest off of the investment than you were paying the interest on the loan.

Well, that goes back to the mindset.

Now, see, we got to stop blinging

buying what we want and begging what we need there you go that's that's a big problem i'm not talking about that kind of stuff yes sir because the person who has the sense enough to take their money and invest it is i'm assuming that they're smart enough that they're not blinging trying to impress somebody because they wouldn't have the delayed gratification to be an investor

I'm assuming that.

I'm assuming that the stock market is going to continue to make 10% to 12% in interest.

And I'm assuming that the interest on the loan is going to be less than the capital gains off the money.

And I'm going to pay less off of it.

And I'm assuming that I'm going to pass some of that debt on when I trade it in and somebody else is going to pay it off.

I think that's important.

The other thing that I think is important, if you're going to spend $300,000 on a house and it's worth $500,000, I think you're in a pretty good spot.

But if you're going to spend $80,000 on a car, by the time you drive it off the lot, it's only worth $40,000.