Should we obtain cash from our line of credit?

[Sarahmay]

I think it is important to live with integrity no matter what happens. Purchasing through credit something you have no intention or ability to pay back is not living with integrity. In the end, your character may be all you have left!

[ctophil]

Originally Posted by Sarahmay

I think it is important to live with integrity no matter what happens. Purchasing through credit something you have no intention or ability to pay back is not living with integrity. In the end, your character may be all you have left!

I believe that when your family and your own life depends on it, integrity would be the last thing on my mind. But definitely try to pay your debts when you can. Just pay the minimum though. Don't go and pay off your balances. That's just not wise at this point.

-Phillip

[Emman]

Originally Posted by Sarahmay

I think it is important to live with integrity no matter what happens. Purchasing through credit something you have no intention or ability to pay back is not living with integrity. In the end, your character may be all you have left!

My intention is not to take the money and not pay it back.

My question is simply a survival question: do I get a cash advance on my line of credit while I still can?

There is another thread where Merlyn posts an advice from Jim Sinclair who says to have enough cash on hand for at least one or two months. That is my motive: to make sure we have enough cash on hand for that long. I don't want to dip into credit....but....since I don't have an extra two months of cash from my income handy, I have to consider the option of obtaining it with my credit means.

Thanks.....

[Sarahmay]

Originally Posted by Emman

My intention is not to take the money and not pay it back.

My question is simply a survival question: do I get a cash advance on my line of credit while I still can?

There is another thread where Merlyn posts an advice from Jim Sinclair who says to have enough cash on hand for at least one or two months. That is my motive: to make sure we have enough cash on hand for that long. I don't want to dip into credit....but....since I don't have an extra two months of cash from my income handy, I have to consider the option of obtaining it with my credit means.

Thanks.....

Ah, I understand. Do what you feel is best.

[Jonah]

Fellas,

I heard that interview on coast to coast as well.
Interesting indeed.

This is actually turning out to be the funest time in my life right now.

[Jonah]

The Amero.

Still apart of the same system.

Still missing the point.

Learn to live for reality.

[Myplanet2]

Originally Posted by Vorian's Revenge

The Amero.

Still apart of the same system.

Still missing the point.

Learn to live for reality.

The American Union is looking pretty unlikely right now, with the way the European Union seems to be dissolving. How are they going to sell that idea with what's happening in Europe?

They'd have a civil war on their hands if they tried to force the issue.

I think they are more the types for genocide as opposed to suicide.

[woodshreder]

The Amero
http://www.youtube.com/watch?v=ge2J2...php?f=1&t=8429

[Myplanet2]

I took cash on my line of credit, and bought all the silver coins I could get my hands on.

This way it's almost certain to increase in value, far beyond any interest charges, and I can always reconvert some to pay the line of credit down.

And at the same time, I've got lots of silver dollars, silver half dollars, and one ounce silver rounds to use as currency should the need arise.

It seemed a sound strategy.

This idea is also to pay the line of credit down as quickly as possible with extended work hours, while there is lots of life left in the economy for the time being.

[Emman]

Originally Posted by Myplanet2

I took cash on my line of credit, and bought all the silver coins I could get my hands on.

This way it's almost certain to increase in value, far beyond any interest charges, and I can always reconvert some to pay the line of credit down.

And at the same time, I've got lots of silver dollars, silver half dollars, and one ounce silver rounds to use as currency should the need arise.

It seemed a sound strategy.

This idea is also to pay the line of credit down as quickly as possible with extended work hours, while there is lots of life left in the economy for the time being.

That sounds like a prudent thing to do. Where in general can one obtain silver coins or such?

[Myplanet2]

Originally Posted by Emman

That sounds like a prudent thing to do. Where in general can one obtain silver coins or such?

I hit the flea markets, and coin shops. That used up all the cash I was comfortable parting with. Some dealers had no more coins, but 100 ounce bars and such were easy to find.

[Angel in Disguise]

I know this may not sound like the smartest thing to do to some...but rack it, run and have fun. They've stolen enough from us! And yes I believe their time is up, it'll all come crashing down and you won't hav to pay it back anyways. Just be smart about what you spend it on. I'm thinking a cheap motorhome and all the other goods mentioned would be ideal

[SIR GALAHAD]

Originally Posted by Sarahmay

I think it is important to live with integrity no matter what happens. Purchasing through credit something you have no intention or ability to pay back is not living with integrity. In the end, your character may be all you have left!

if you say so .

[SIR GALAHAD]

those people who have credit use it and use it now buy what you need ie camping equipment what ever i was told to do this and i have i was told all debts will be wiped make of that what you will .