4 ms·
The valuation of assets doesn’t matter when you have cash flow issues (especially when you can't sell that asset). It really doesn’t matter in the short term ho
by ModernMech 5y ago
The valuation of assets doesn’t matter when you have cash flow issues (especially when you can't sell that asset). It really doesn’t matter in the short term how fast an asset is depreciating as long as it’s doing the job in the short term. This is why people say it’s expensive to be poor. Someone with good cash flow can make better long term financial decisions.
- nikanj 5y agoYou're absolutely right, and it's so frustrating to see someone opting for additional $150 per month in car payments, because they couldn't afford a $500 repair, because they're already doing $350 per month in car payments.