Debt Free business

[205mx]

Originally Posted by JasonsLawnCare1

technically it's not debt you are right. it's not a loan but it's something you have to pay each month though so it's the same difference. you are still making payments.

as for paying 10k cash for a truck and then doing it again so often that is alot of wasted money. you'll spend 40k in cash on 4 different trucks while i'll still be driving the 20k truck with no payments. if you buy a truck new it will last you 15-20 years if you take care of it. i would suggest a toyota though not a ford. a ford may not make it that long.

So you are in debt to grocery store in your world?
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[weeze]

you have to eat don't you?

or you could go shoot a deer but you still have to buy ammo and a gun which costs money.

[205mx]

Originally Posted by JasonsLawnCare1

you have to eat don't you?

or you could go shoot a deer but you still have to buy ammo and a gun which costs money.

So ******ed. If things didn't cost you wouldn't work in the first place
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[JimMarshall]

Originally Posted by 205mx

Right. The problem with 0% is that it tricks you in to spending MORE than you otherwise should if you understand what I'm saying.

FI. If your business makes 40k NET PROFIT, a 10,000 mower next year is outrageous. But because it's 0% people "might as well use someone else's money" when really all it does is cause you to over spend.
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how does it trick you into spending more??

[weeze]

Originally Posted by 205mx

So ******ed. If things didn't cost you wouldn't work in the first place
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well not entirely true. you would still have to work. you just wouldn't be getting paid. you'd have to build a house yourself, cut firewood to stay warm, skin a deere so you could eat, plant a garden, etc.

[205mx]

Originally Posted by JimMarshall

how does it trick you into spending more??

Because if it weren't for financing most of us wouldn't spend $20,000-$40,000 on a truck.
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[205mx]

Originally Posted by JasonsLawnCare1

well not entirely true. you would still have to work. you just wouldn't be getting paid. you'd have to build a house yourself, cut firewood to stay warm, skin a deere so you could eat, plant a garden, etc.

Holy smokes
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[JimMarshall]

Originally Posted by 205mx

Because if it weren't for financing most of us wouldn't spend $20,000-$40,000 on a truck.
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A 40 k truck costs 40 k whether you pay cash or finance at 0 percent. If someone is buying more than they can afford, they haven't been tricked, theyre an idiot. And since when can you buy a new truck for 20 grand?

[205mx]

Originally Posted by JimMarshall

A 40 k truck costs 40 k whether you pay cash or finance at 0 percent. If someone is buying more than they can afford, they haven't been tricked, theyre an idiot. And since when can you buy a new truck for 20 grand?

Right this is what I'm saying. If I restrict myself personally to cash, I'm only buying for around 10k. If I'm financing, I'm more likely to go for a more expensive item. And I don't know where you can get a new truck for 20k! Lol.

I meant new to me ;-)

Again this is all opinion and personal experiences.

[weeze]

my truck was 20k tax and all brand new. payments of $350 a month.

you don't need a 40k diesel truck to mow grass. that's complete overkill.

i know this is where everyone goes off about how they pull bulldozers on flat bed trailers and do snow removal and yadda yadda yadda. none of that is lawn care. it's a different area altogether. construction and snow plowing are not the same thing as cutting grass. just because you cut grass too doesn't make it part of the same industry. just clairifying that. not all of us do snow removal or construction or hardscaping jobs.

even if you are doing a complete lawn renovation the place where you buy the grass will deliver it to the site for you.