members and their systems

There is absolutely nothing wrong with borrowing money for toys, otherwise known as a credit card, as long as you have the ability to pay it back. It is also important that you buy  something that you know you will keep for years to come. There is "No" damage done by using a credit card with "zero" percent say for 18 months....the bank makes "zero" additional  money. You pay back exactly what you spent, no more no less! Keep it all within reason without going nuts and it is easily manageable and you have your stuff before your dead and buried. 

Its called debt! However, it is smart managed debt. Meaning that the remaining debt i do have, used to establish my system of today, is financed at "zero" percent. It is gradually paid off, usually no more than 24-36 months. Also, some things are sold either on here or on ebay to finance a new purchase, if say that something just was not doing it for me. The only thing left to pay off is my latest turntable acquisition ....I’ll most likely use part of the stimulus check to wipe that out. In the end I’m left with Tannoy legacy eatons $5500 (not counting stands or material to fill them), sugden a21 se $3250, a Marantz pm14s1, six turntables, four tuners, three cd players and a transport, two dacs, two extra pairs of speakers (wharefdales), three cassettes decks, two headphone amps, ten pairs of headphones, countless interconnects and power chords, ten cartridges...on and on and on...and all mine, all paid for!!...except the aforementioned turntable. You ask how is most of this debt paid off? Through lots and lots of hard work and OT. Was it all worth it? Hell yeah! I do not regret anything. Yes, got a mortgage, car payment, kids, utilities, CC debt, etc etc....however, its all getting paid and I still save money in bank. I will tell you that we as a family do not spend a fortune on trips or eat in the fanciest restaurants.

I’ll be honest, and I have no shame...I buy one piece at a time, ok sometimes 2....on credit. I then pay it off over time. I am very selective on what I buy, as i will be keeping it for a long time. Music Direct is one resource, as they offer up to 3 years to pay on large ticket items, zero interest. There is also paypal credit, they run offers for 24 mo. @ zero interest with a minimum payment required. Just as long as you can afford to pay it back and you are not laid off or fired, then I do not see an issue. Otherwise, with mortgage and other bills, I’m not sure how else I’d have what I have today. Oh, I also sell on Ebay and on occasion here....that helps fund something new or what have you. It can get to be a merry go round, but at some point you smarten up and settle on what you have. Nowadays I spend my money on LP’s....that can get out of hand too! 😁