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Originally Posted by Undertoad
Because I did it seven years ago and I'm still in six figures of family debt.
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Don't take this the wrong way UT, but you think too small. To wit:
If you owe the bank $100,000. and you can't pay them, *you* have a problem.
If you owe the bank$100,000,000. and you can't pay them, the *bank* has a problem.
As for me, I am pursuing my dream in a methodical, plodding, elephant eating fashion. That is, one bite at a time.
I've always preffered being slightly cash poor but wealthy in personal satisfaction to the reverse. Having been self employed for so long has made me less averse to uncertainty than the average bear. It has also made goals materialize more slowly than if I just went to the bank and borrowed lots of cash and then spent the next 30 years paying it all off.
I know a lot of people who have a colossal monthly nut the crack just to make their minimum payments. Their dreams seem more nightmarish to me.