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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2410187, member: 71510&quot;]Pay cash for everything, unless it&#039;s cheap credit - and use that money to develop recurring revenue - particuarly in contracts.</p><p><br /></p><p>Everyone says &quot;what if it fails&quot; but - for a moment think &quot;what if it succeeds&quot; and you miss it?</p><p><br /></p><p>Review history and find out what happens if things fail and judge for yourself the end result, the consequences, and the downstream effects.</p><p><br /></p><p>Banks in the USA have checking and savings that are insured, so in theory the only way a person would lose that wealth is to have the USA fail as a whole.&nbsp; They have also figured out that risk is expensive - and to get you to take risk - they offer basically zero interest on the accounts.&nbsp; </p><p><br /></p><p>That is drastically different from when I was a kid, when someone could put money in an insured account and make a modest return on investment.&nbsp; </p><p><br /></p><p>Government overhead (taxes, expansion, benefits, welfare, services) have largely killed any return you could hope for.&nbsp; It&#039;s the cost of doing business that is the core that chews up profits. </p><p><br /></p><p>When I was a kid, sales tax was 5.5% here in good ol&#039; Ka-lee-for-nee.&nbsp; Now it&#039;s over 9%.&nbsp; That&#039;s a larger increase than anyone can imagine because not only has the cost of the goods gone up (candy bar from a quarter to a dollar) but the percentage of tax on that purchase has gone up.</p><p><br /></p><p>For every candy bar sold, the tax went from .01 cents to 9 cents.&nbsp; (.25 * .055 = $.013.&nbsp; &nbsp; 1.00 * .09 = $.09</p><p><br /></p><p>So while the <b>cost of the goods sold went up 300%</b> - the <b>cost of the tax on the same goods went up almost 900%</b></p><p><br /></p><p>Consider the long term impact of this math, and make your bets accordingly.[/QUOTE]</p><p><br /></p>

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