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Southeast Colorado | I want a chance to clarify my words above. I have very little short term debt and choose to operate that way. I see a lot of folks rolling equipment very quickly....... paying stuff off early would never amount to a whole lot if you are constantly updating machinery which is most certainly the surest thing to devalue on your balance sheet. Using that business model makes it really hard to get ahead. If you have been in this business very long and are not basically paying for your updated machinery with cash than you will find yourself on hard times soon. I've seen several guys machinery rich but dirt poor. The operations with paid off land seem to stay flying high forever............at least until they pass it on to an unappreciative heir! | |
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Paying off Long Term Loans? Your Thoughts.
