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Line of credit limits
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mt875
Posted 4/26/2017 16:29 (#5983680 - in reply to #5983642)
Subject: RE: Line of credit limits


I would argue most CANNOT pay off their operating note, at some time during the year. I would also argue that most CAN pay off their note at some point during the year as well.

"if I could have come up with the money" The thing is, you don't know when it's the best time to borrow the money, I assume the year before you did what you had to do to farm the ground you had. At that time you didn't know that it was a horrible time to borrow money and the next year was going to be a great time to borrow money. Just like now, we don't know if we should borrow money or not borrow money, just do the best with the information and the opportunities that we have now.

I'm not advocating anything, I just get tired of the world is ending and everybody is going broke. Maybe we will, maybe we won't, but I do try to make the best decisions with the information I know at the time the decision has to be made.


edit grammatical error

Edited by mt875 4/26/2017 16:34
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