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what is the interest rate on the loan? If it is low (under 10%) it is not bad debt.
If you are buying an asset (and a L lens is an asset that holds value better than most - yet gives you a depreciation offset for tax), and you are earning income from the use of that asset, it is very much worth considering spending the money. If you are strict, use that photo income directly to the loan and it will be gone in no time! |
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Oh no, I think in this case some lessons on compound interest would definitely comPOUND some sense into a head here...
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I came across this article and immediately thought of this thread.
The Student Loans Scheme: a Gateway Drug to Debt Slavery
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Tony |
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Come on Nekrose, you've had a week to decide, should we be waiting for some shots taken with the new 24-70mm or not?
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Canon EOS 500D, Canon EFS-18-55mm f/3.5-5.6 IS, Canon EF 50mm f/1.8 II, Sigma 70-200mm F2.8 EX DG APO Macro HSM II, Vertex tripod, LowePro Flipside 300 |
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Quote:
![]() But, my husband has given me the go ahead to buy the lens! He knows that when I want something, I get it
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Nothing feels as good as going to the mailbox, and finding no bills. Not a camera body, not a lens, nothing. Eliminate debt first, before anything else. Break the chains of slavery to the banks, and be free.
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Quote:
__________________
Canon EOS 500D, Canon EFS-18-55mm f/3.5-5.6 IS, Canon EF 50mm f/1.8 II, Sigma 70-200mm F2.8 EX DG APO Macro HSM II, Vertex tripod, LowePro Flipside 300 |
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