I could see financing your dream tank, whatever it’s going to be your daily thing I don’t judge. But corals that may die if parameters or something messes up and your payment is due still? Lol
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Haha! I hadn't thought about this. I guess if I'm going to invest high dollar in corals, I'd be sure they're pieces I am confident I could keep alive. However, I do understand this point.People going to be paying for corals they killed 4 months ago. The turnover rate is already high in this industry with people knowing they burned past tense cash. When they see they are making payments on skeletons this will increase early exits
This is exactly what I was thinking! I'm already making money on my money the more I have available the more I make! This is where debt can be leveraged into earning. You simple have to be smart about it. Not sure its really worth the hassle unless its a large purchase though.I use financing for everything I can if the terms are favorable. My money made 13% year to date in investments, and I borrow at 0-4%. It’s a no brainer.