tag:blogger.com,1999:blog-6151985822850623188.post7503659863835253715..comments2023-07-02T05:37:57.027-07:00Comments on The Deringer Files: My Number One Rule about Moneydash deringerhttp://www.blogger.com/profile/10421794314184696296noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6151985822850623188.post-8521122206148310792015-06-22T05:52:56.227-07:002015-06-22T05:52:56.227-07:00"Only if he could afford two..." that..."Only if he could afford two..." that's a good rule - I'm taking it - thanks.<br /><br />When I was in Chicago and got back on my feet again, I would buy everything in pairs - at a time - two white shirts, two trousers, two pairs of shoes, two suits... it had become a habit as I rebuilt my life... I would buy double at the market and began stockpiling my pantry... just in case I lost it all again... actually... when I go hiking and camping I double up on most everything - I use the two is one, one is none philosophy in that department...<br /><br />One of the richest men I know drives an old pick up truck that is ugly as sin - he has one of the nicest boats I have ever been on... but you wouldn't know it was his to look at the man.dash deringerhttps://www.blogger.com/profile/10421794314184696296noreply@blogger.comtag:blogger.com,1999:blog-6151985822850623188.post-61822202575934836792015-06-22T04:03:11.727-07:002015-06-22T04:03:11.727-07:00These are my exact thoughts on money and debt.
I ...These are my exact thoughts on money and debt.<br /><br />I got in debt once when I was young and foolish, and then eventually got myself out of it through work and being as frugal as a monk. It wasn't a great deal of debt, but that only made it even more foolish. Once I had paid it off I swore to never get in debt again, and I've kept to it. Like you, I don't have a credit card, even though I know I probably should, just for emergencies.<br /><br />Many years later and I'm much better off financially, and I still drive around in a nearly twenty year old pick up truck. Nothing flashy for me.<br /><br />In addition to the cash only rule, my father once told me some advice he learned from a friend who had done well in business. He said he would only buy something, only if he could afford to pay for *two*. He lived by this rule very strictly, and he said it helped him particularly when it came to buying the expensive things like a home or a car.<br /><br />But yes, cash is king, and avoid debt. "Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves."<br /><br /> Simonhttps://www.blogger.com/profile/06409569697925230132noreply@blogger.com