It's not all doom and gloom...
- Thread starter mdshunk
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DanZ
Senior Member
I've found most of the people who can just "CHARGE IT!!!" don't really care.quogueelectric said:
I've also been told, "You're young, you should get as many credit cards as you can, and never pay them off. They have government programs that can take care of that." ; and "Why pay your student loans? The worst they can do is take your tax refund."
And these are the HOs that pay you...
cschmid
Senior Member
- Location
- Northern cold country
credit card roulette..I love the philosophy in that thinking..all our credit is with the bank and we get discounts with our suppliers which way offsets the interest we are charged..why play credit card roulette..
- Location
- Massachusetts
jrannis
Senior Member
- Location
- Fort Lauderdale/ Miami
You must be nuts to improve someone elses property and trust them to get paid.
Gotta file notice. Unless you live in Mayberry
Gotta file notice. Unless you live in Mayberry
GUNNING
Senior Member
- Location
- Gainesville, Florida
Be careful what ya ask for, they won.
Be careful what ya ask for, they won.
8 years ago I had this rampant political friend that said he thought this buy on credit stuff was hooy and everything should be paid in cash. Modern economics was all smoke and mirrors. They pay cash in Europe for everything and we needed to get behind the modern way of doing things. He of course had never been to Europe and believed in the propaganda being spewed. I told him I believed in Keynesian economics and I had never seen someone openly ask for a depression as a political policy before. One of the last times I spoke with him. Lifes too short.
The bright side of all the .. I guess its not bank failures so much as brokerage firms.. is the hyper inflation. We will be able to pay off our debt with tomorrows GROSSLY inflated dollars, yet still have enough left over to brew our own beer in the basement in the dark because we cant afford the power bill.
I know this might get censored, but his father & Cheney did the same thing. Raped and pillaged the treasury till everybody felt it. I made money with those zero down mortgages, I'm feeling guilty about all those that are paying for it. If there was just a little less regulation we wouldn't need credit we could just go into the banks and take what we wanted like Poncho Villa or Robbin Hood. Then tell everyone we were doing them a service.
Credit stinks because of us. We did it with Walmart, China, and electing the village idiot. The perfect storm.
The supply houses are bending over backward to sell what they can but if the front office says no, its a short paycheck for them too.
What to do? Put in Inflation clauses in your contracts like they did in the 70's. A clause that states if copper or steel goes beyond say 5% as quoted on ... given date ... a surcharge of 20% will be added on to the bill. You get the idea.
I started my service business with OPM. I think the type of people I'm dealing with will be the same, its the business world that is being pressured and insane right now. Its an opportunity. There were some people that made money during the 1928 crash. Just gotta figure out what this golden parachute is going to be. I think its going to be the color green. Think Environmental.
Be careful what ya ask for, they won.
8 years ago I had this rampant political friend that said he thought this buy on credit stuff was hooy and everything should be paid in cash. Modern economics was all smoke and mirrors. They pay cash in Europe for everything and we needed to get behind the modern way of doing things. He of course had never been to Europe and believed in the propaganda being spewed. I told him I believed in Keynesian economics and I had never seen someone openly ask for a depression as a political policy before. One of the last times I spoke with him. Lifes too short.
The bright side of all the .. I guess its not bank failures so much as brokerage firms.. is the hyper inflation. We will be able to pay off our debt with tomorrows GROSSLY inflated dollars, yet still have enough left over to brew our own beer in the basement in the dark because we cant afford the power bill.
I know this might get censored, but his father & Cheney did the same thing. Raped and pillaged the treasury till everybody felt it. I made money with those zero down mortgages, I'm feeling guilty about all those that are paying for it. If there was just a little less regulation we wouldn't need credit we could just go into the banks and take what we wanted like Poncho Villa or Robbin Hood. Then tell everyone we were doing them a service.
Credit stinks because of us. We did it with Walmart, China, and electing the village idiot. The perfect storm.
The supply houses are bending over backward to sell what they can but if the front office says no, its a short paycheck for them too.
What to do? Put in Inflation clauses in your contracts like they did in the 70's. A clause that states if copper or steel goes beyond say 5% as quoted on ... given date ... a surcharge of 20% will be added on to the bill. You get the idea.
I started my service business with OPM. I think the type of people I'm dealing with will be the same, its the business world that is being pressured and insane right now. Its an opportunity. There were some people that made money during the 1928 crash. Just gotta figure out what this golden parachute is going to be. I think its going to be the color green. Think Environmental.
brian john
Senior Member
- Location
- Kilmarnock, Va
- Occupation
- Retired after 52 years in the trade.
When I went in business I had trouble getting a line of credit, when I was established they lined up to offer me credit. I did carry a line of credit for a few years. I seldom need to finance anything in the short term, vehicles and large test equipment we finance. Large equipment like generators UPS's we get up front from the end user.
brian john
Senior Member
- Location
- Kilmarnock, Va
- Occupation
- Retired after 52 years in the trade.
Following this line I have seen on TV commericals
"In debt through no fault of your doing" We can get you cash, yeah so can the MOB
"Owe the IRS money through no fault of your own." While this may happen through divorce or business break ups I would think it is not the norm for owing the IRS.
JGW has a commercial "It is you money you deserve it" (yeah at 32%+ percentages).
"In debt through no fault of your doing" We can get you cash, yeah so can the MOB
"Owe the IRS money through no fault of your own." While this may happen through divorce or business break ups I would think it is not the norm for owing the IRS.
JGW has a commercial "It is you money you deserve it" (yeah at 32%+ percentages).
DanZ
Senior Member
"What about fix your credit, fast, easy & legal!"brian john said:
"At (Name of Rent to Own store withheld) we don't check credit scores"
The best one, heard on a used car dealers ad, I believe, "Make sure you can afford the payments"
GUNNING
Senior Member
- Location
- Gainesville, Florida
Need a small loan?
Need a small loan?
There is always the payday advance places for a loan. I was changing out ballasts in one and the manager was bragging how she wouldn't work in the "other" loan shark place because the interest was too high. I guess she didn't realize her place was charging 1365% APR compounded daily. How do you catch up on THAT nut?? Somebody check my math but thats $3.75 per $1 you borrow per day. What have our regulators done to us.
I just figured out my government is now the proud owner of my liability Insurance company AIG. Talk about a deep pocket! I think I'm going to go out and sue myself. Oh, wait a minute. They have there own enforcers ... oops.
Need a small loan?
There is always the payday advance places for a loan. I was changing out ballasts in one and the manager was bragging how she wouldn't work in the "other" loan shark place because the interest was too high. I guess she didn't realize her place was charging 1365% APR compounded daily. How do you catch up on THAT nut?? Somebody check my math but thats $3.75 per $1 you borrow per day. What have our regulators done to us.
I just figured out my government is now the proud owner of my liability Insurance company AIG. Talk about a deep pocket! I think I'm going to go out and sue myself. Oh, wait a minute. They have there own enforcers ... oops.
jrannis
Senior Member
- Location
- Fort Lauderdale/ Miami
I just read a report on how bad the economy is.
Seems like the last real bad crisis we had,Savings and Loans, was 17 years ago in 1991. End of Reagan Start of HW Bush. History repeats itself I guess.
Seems like the last real bad crisis we had,Savings and Loans, was 17 years ago in 1991. End of Reagan Start of HW Bush. History repeats itself I guess.
brian john
Senior Member
- Location
- Kilmarnock, Va
- Occupation
- Retired after 52 years in the trade.
jrannis said:
That more than way over simplifies a very complicated problem with blame to spread in many corners.
GUNNING
Senior Member
- Location
- Gainesville, Florida
I think all this started with "Give a Moose a cookie and he will want a glass of milk" ...
macmikeman
Senior Member
- Location
- Planet macmikeman
Without trying to get political, the current econimic trouble got its start back in 1992 when Congress enacted the "Community Redevelopement Act", and the reason why they enacted it. Political correctness led us into this mess, not shadowy Wall Street greed. The goverment started it, used great pressure to force banks to make bad loans to shaky customers, and the consequence of saying no to that pressure was to be labeled something really sinsister that I cannot repeat here at this forum. Now the goverment is trying to blame the captians of those same banks they forced this on. Google the act.
- Location
- Windsor, CO NEC: 2017
- Occupation
- Hospital Master Electrician
Without getting too political, I'd say this thread has.
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