I'm happy, but am I stupid?

Siiiiiiiiigh!!

No man,
you've got it all wrong.
We potentially have the same problem and sympathize with your desire for a lot of cool knives, as adicts we can see the potential of collecting ourselves out of house and home. Thats why you are getting such strong reactions.

Its bad form to be frivolous with credit. A lot of people do it and its scary for us to think of knife collecting with no credit discipline.
Really, its remarkable that someone who is able to construct an intelligent sentence as you seem to be able to do would not be more savvy in the use of credit.

Or perhaps you are. If you truly are in an excellent financial position and your family supports your plan to get a fast start on knife collecting thats two steps in the right direction.
Speak with your Dad over Christmas about instant gratification and the spontaneous use of credit. Im sure you'll be fine in the long run.
Its a better thing to want a then a new Suburban or some pig like that!
Whew! Talk about bad debt.

By the way when asking for opinions here I generally go with "thanks for the input" rather than line by line replies. I find those kind of boring to read.
Some cool knives on your list. I'd stil do them one by one though.
 
I'm not a loan guy myself. Not for cars,trips,my boat,hot tub etc.Save your money,invest, in time you'll reach a point where you'll have cash for whatever you want and plenty for retirement,kids college etc.

We just put in new windows, new mini van, wood floors and tile in the kitchen.No loans at all. No big dent in savings. Go with loans and it'll lead you down a path where building up wealth will be difficult.
 
I've done what you plan on doing.I did it with guns and different items.I got tight money wise and sold the items off.Wasn't to enjoyable paying 4 years on a loan for stuff I didn't own anymore to pay bills and groceries.I didn't wind up with enough money to pay extra on the loan.That was the beginning towards financial destruction,that took me years to repair.The gratification will be short lived,but not the regret.
 
You say you can afford it, but that's not really true, if you could afford it, you wouldn't be borrowing the money and incurring debt to buy them, right?

Some debt makes sense, but to go into debt just so you can have a big bag of knives all at once seems silly, when you would likely appreciate them more if you bought one each month, and avoid the loan, debt and interest alltogether.

Of course the other side of this argument is, let's be honest, lots of guys in this forum, myself included, at times, have bought knives, or other luxury items on credit cards, or, moved around their budget to allow for a new knife, when it might have been more prudent to not get a new knife, America isn't having the debt and bankruptcy problems it has because everyone is just so responsible with their money and debt. :)

Very easy to preach, but who among us has never bought something on a credit card that maybe they shouldn't have?
 
Mega, I've never done it myself, I have 3 CC's, from gold on up, and a girlfriend, but my mom probably slapped me around enough as a kid to realize a few things...

D
 
Hair, I personally would never borrow money to purchase knives. Any knife that I buy as a user is one that I can afford. Knives that I buy for my collection are an indulgence and not something that I will put myself in debt for.

If however, you feel that you can't wait until you have saved the money to purchase these knives, then I don't see a problem in you borrowing the money to do so. People borrow to purchase things they don't need all the time. It may as well be knives rather than watches, jewelry or any other luxury item.

In the end it is your decision to make, and what the rest of us think is unimportant. Mind you, what we think must be important to you. Why else would you have started this thread?

If you spent much time reading this forum before you started posting, you would have known that you were going to get some pretty in your face comments. You also should have even expected some rude posts, I certainly would have. If that sort of thing is going to get to you then you would probably be better off not posting the sort of question you did.

Anyway, have a good Christmas, and whatever you decide to do, I hope the knives you get live up to your expectations.
 
Credit is a slippery slope. It's so easy to start thinking of it as money you have available to you that spending it becomes easier and easier. I maxed out about $14,000 worth of cards/loans while a student, consolidated it, then proceeded to max out that $14,000 again. And all this while making around $25,000 a year. Sigh... Now I'm paying for it every month. I had a lot of fun times and I'm not bitching about it, but if I could go back in time there'd be some changes.

If it makes you happy, go for it. Even with a bank loan at 10%, you're paying roughly $100 a year for a $1000 loan. That's just over $8.00 a month. If someone offered to rent those knives to you to use while you save up your $1000 to buy them, and he only asked for a rental fee of $8.00 a month, that's not necessarily a bad deal.

Just keep an eye on the tendency for instant gratification. It's a lot of fun, but it can get out of hand quicker than you expect.

BTW, Merry Christmas!

Chris
 
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