I can appreciate that this system works for you and if it works that’s great but I am definitely in a differnt camp when it comes to debt. The way I see it I have to work a full year to make 100K and out of that I am left with 60K when you factor in taxes. Give me a 100K loan and not only do I have the time premium fof that money but the lender is going to charge 7%. That’s a bargain.
I find that I have a very disciplined approach to spending so regardless of when I am making a lot of money or if things slow down my purchasing habits do not change. This means I can put 20K on an American Express Blue card and simultaneously put that money in an interest bearing checking account.
How many times have you heard the argument that if I hd his type of money I would be rich too yet when a lender is willing to step up to plate and give it to you non borrowers thankfully decline.
I am constantly in tune with opportunity and when the cost of the opportunity is less than the cost of borrowing I am going to borrow.
I can appreciate that many people have a hard tiem being disciplines and if you do than using a cash basis sytem can be very effective at curtailing tthose impulse decision but it is not the most efficient way of managing your finances. A better attribute to focus on might be the inability to control your inclinations to purchase. Once this is in check than you can borrow more freely. In essense borowing can be viewed as a risk management tool.