Author Topic: $48 or $70 per week. New Pinball machine - Stern  (Read 922 times)

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Offline beaky

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  • Melbourne, Vic
don't you love how the power companies can change a "contract" with out a mutual agreement but if i said to my electricity supplier "i am changing the contract" i am sure they will accept it. NOT

if you can afford a small credit purchase for something that you want and you can afford to save up for the item at the same rate (I.E. $70 a week) then I say it would be great. but if you are at a point where 70% of you income is paying off credit then forget about it.

I can't save for shit but i can pay one thing off at a time on credit with out a problem. many years ago i had many things on credit and it nearly bankrupted me but now i get 1 thing only at a time on credit and have no problems paying it off

On site pinball repairs in MELBOURNE NTH SUBURBS  : Circuit board repairs and refurbishing Australia wide (via Aust post)

Offline Olivia_jason

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chosing to use credit is a personal choice, but almost every successful entrepreneur/high flyer out there will tell you it takes money to make money. credit used correctly can make alot of $$$.  Not using credit correctly will most definately cost anyone money.

there is nothing wrong with using credit to make money, almost every successful business in the world is using credit to increase profit dramatically. just dont follow the USA model ofcourse.lol

without credit, businesses would fail. credit can be a very good tool to dramatically increase profits.
also, end users like car buyers use credit everyday to get a brand new car with a affordable monthly payment. the key word is affordable, and there is always loan insurance due to changes in work.

$50 a week for a new pinny seems like a great option for alot of people, probably.  and yes, carbon tax will end up with a 25 percent increase in everything til the labour party is kicked out for the next 8 to 12 years. hoping for that for sure.


im not 100% in agreement,but i do know what you mean.
the best advice i ever got from a successful business owner was two things in running a business, 1 spend your own money. 2 business money is not your money and never steal from your own business.
that's how i work with business.

but when it comes to my personal finances, well i live pay check to pay check baby, i spend it all, i do my bit for the economy but again i dont have credit cards so if i go broke no one comes a knocking lol, oh and i spend half my pay in my own bloody shop and the rest of late on pinballs, lol i gotta go back to investing my cash in items of value and worth, i hate saving cash i like buying collectables that hold value. its us spenders that keep the economy growing not the bloody money hoarders lol
« Last Edit: June 30, 2012, 02:01:24 AM by Olivia_jason »

Offline Retropin

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Had my own business now for 7 years. At no time have i had a line of credit or an overdraft. Only payments i have are for my truck.
I did approach the bank once for an overdraft and they laughed at me as i dont  ( and looks like i might never will) own property.
 As a result, i run a very tight ship and stay in the black at all times. Ive only just opened up an account with 1 supplier which i hate as i now get end of month bills along with all the others.
Times are lean right now and i cant see that changing for quite a few years if essentials like power keep rising and reducing peoples expendable cash.
Despite my running a tight ship, the cost of running this house is beginning to eat into my business profits, im having to draw more money each week to keep up. It cant go on... household bills and expenses have to be taken as personal income and so are seen as " profit" at the end of each financial year... so up goes my tax.. up goes child support.. etc etc.
Doesnt take a genius to realise that this equation means it will all self implode eventually