Can We Borrow Ourselves Rich

An economist was evaluating the deficit spending that our government has been doing during the Bush and Obama administration. He made an interesting observation. He said that we have gone from an economy that creates capital and produces real value through manufacturing and commodities from farming and mining, to an economy where we just pay each other for services and we just move money around, while producing less and less value. He said we are trying to "borrow ourselves rich". Well I don't know if he is right or wrong about our economy. At least the farm economy is still producing real value.

But lets look at this from a personal stand point and ask ourselves if borrowing will help us prosper.

How to Pay Cash for Cars - Lesson 4: Retire Rich & Live Generous

Retire Rich

If you were to to continue to pay yourself a $475 car payment to invest, you would have over $1.6 million in thirty years, and at 40 years it would be a whopping...

How to Pay Cash for Cars - Lesson 3: Drive Free Cars

Drive Free Cars

Continue to think out of the box and things get really wild. You buy a used car for $12,000 and you still have $20,000 sitting in your car fund earning 12% on average. Even if you never contribute another dollar to your car mutual fund you'd be able to buy $12,000 cars every 5 years from now on! The returns you'd earn on that mutual fund will pay for your cars for the rest of your life!

How to Pay Cash for Cars - Lesson 2: Thinking Differently

Thinking Differently

What if we got really radical, as scripture teaches, and came up with a plan to make our money work for us?

How to Pay Cash for Cars - Lesson 1: America's Love Affair

How to Pay Cash for Your Car

Americans have a love affair with their cars. Where else can you find a broke couple, living pay check to pay check, with two shiny, new cars in the driveway. 85% of new car buyers sign up for a six year note for an average of $26,000 at a typical interest rate of 9.6%. This means that 85% of the new cars on the street are dragging an average car payment of $475 behind them.