AgTalk Home
AgTalk Home
Search Forums | Classifieds (73) | Skins | Language
You are logged in as a guest. ( logon | register )

Question for the bankers
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
jdironman
Posted 6/20/2020 22:27 (#8326514 - in reply to #8326208)
Subject: RE: Question for the bankers


Nw Iowa
I think a lot depends on what stage in life you are. If you are in your younger years you have to make every dollar work in your favor, how ever you can. Your return on assets is a lot better if you are making money on borrowed as you can leverage your own money even further. If you are getting close to retirement you better have some assets pd off. I have seen people that have a lot of net worth but have too much debt that have a hard time trying to figure out a retirement strategy without selling off a major asset. Right now a 10000 a acre purchase takes 2 other acres debt free if you put no money down on new purchase. You net worth show 3 acres with only a 3300 debt a acre but those 3 acres throwing off very little eXtra cash flow if any after taxes, interest and principal repayment. It doesn’t nessaryi mean that it is a bad investment but not going to send you very far in your retirement
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)