America's Descent Into a Third World Country Has Begun.

He has some really good articles on Yahoo just start there, he has made some remarkable predictions about the housing market and other stuff, I too have more respect for him as he is a self made man. Smart, soft spoken, reserved, humble and not cocky like Trump. Like his style much better than Trump's.

P.S. Always take what he says with a grain of salt.

 

Saving money and paying cash are really two diffrent issues. People confuse the two. Putting asise a few thousand for a purchase is not "savings"

Before you can save you need to learn how to pay cash. For example you can pick-up a NIB Dell PC for half the price on ebay as buying on credit from Dell.

Once you start paying cash then you can save.

 

I've been paying cash for years, and saving for years as well.

I carry ZERO debt. I don't own a lot, but I don't owe anyone and have the money to be as mobile as I need to be.

 

Using credit correctly can 'save you' more than paying cash

 

That's the way to do it. There isn't anyway to save when you owe.

 

Depends on what you are buying. Refurbished and open box equipment can be purchased 10-20 cents on the dollar with cash.

 

A government 'bail out' of throwing good money after bad to support the housing bubble is going to lead to billions of loses.

Forget about savings. Look at it this way.

Borrow (-)
Paying Cash (0)
Savings +

You can't get to square one if you are in a deep hole of borrowed money.

 

Ron Paul. He does not want a government bailout. He believes letting the market correct itself. I feel the same way.

 

Yes there are some places that will only allow cash on the spot, just as some things don't allow cash for purchase.

However if you are smart you can make money using credit. All of my credit cards for example are paid off in pull every month, they however all give me some form of rebate. Most give me cash back for every purchase which adds up into the hundreds if not thousands every year in actual cash back into my pocket!

Zero percent financing as long as you pay it off before you incur any interest lets you keep your money in the bank or an investment for the term of the zero percent financing offer. There are many ways if you use credit properly you can 'save' while getting what you want/need.

 

I don't know about that, I think if you have a reasonable down payment and decent credit you could probably get your loan

When they talk about tighter lending standards, they really mean normal lending standards , like you have to actually verify your income and have a down payment

Dude, being a landlord sucks, I know people gas it up like its this great way to make money but that is BS. Both my and my girlfriends family have been involved in renting properties and when you see it first hand you would look at it in a while different way

Unless you get great renters all the time, its a pretty big hassle

They do live in different places, you think wealthy people want to buy up townhouses in suburbs of some nothing city?

 

Agree. You can use credit a 0% interest offers on credit cards to make shit loads of money if you are smart. I have a friend who has invested over $60K from various 0% credit cards into a business investment that is making him a whopping 20% return. His credit has taken a hit but he is paying the minimum monthly payments on his CC while earning a nice income on his investment, just by simply using his credit at 0% to make 20% on that money. Pretty smart move. You have to know what you are doing to take such a step though, if you are not pretty darn sure that your investment will work I would not advise it to just anybody.

 

Ohhh i feel i had complete wrong view about USA :after reading this thread

i though

-USA guys are very rich: USA gov fund all
-USA no poverty at all
-USA high earning :resonable cost of living

and did think a bit more about USA regarding economy

 

you know else is awesome people are starting to not pay their credit cards

http://www.msnbc.msn.com/id/22379989/

Theoretically as credit gets harder to get , prices on stuff should drop making it cheaper for people who pay cash

 

We have not even seen the worse yet. Like with every epidemic it takes a while for it to spread fully and the symptoms are all over the place, it is spreading. For anyone to believe that we are in good shape would be naive.

 

Like with every bust they try to convince the fools that everything is just fine nothing to worry about, while they liquidate their stocks and bonds and then BOOM!!! BUST!!! Just like the real estate. The fucking RE Agents would tell the fools all kinds of lies and would even sell them their own properties and then BOOM!!! BUST!!! There is a pattern to this shit, and I sensed it with the .com bust, with the real estate bust and I see it with the financial/banking, economy and currency. Brace yourselves fools!