Best be ordering a lot of rubber suits for the 🐑Normies ‘cause NCSWIC 😏😏
(media.greatawakening.win)
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The time value of money. Poor people can't stand to wait until they've saved up enough money to pay cash. So they take money from the rich who could have used the money in other investments. They have to make a similar amount in interest to what they would make from the other investments. That's where the interest comes in.
My father said that paying cash saved money multiple ways. Back in the 70s, he went into the local Sears catalog store to buy a refrigerator. He had more than enough cash in his pocket.
His first savings was the interest he made while the money was sitting in the bank, 4% back then. The second savings was that he could wait until the refrigerator was on sale. The third savings was that he wasn't paying interest on a loan. The fourth savings was by having cash in his pocket, he could talk the salesman into giving up a bit of his commission for the quick cash sale. The fifth savings was that he wanted the refrigerator delivered that day and was willing to take the floor model rather than wait for a boxed one to be delivered.
Yup, that's exactly how to do it, and keep the old one in the garage as a Functioning Second Storage unit....
In other words use the old Fridge as a Standup Freezer....
That's how I grew up doing things, and still try to do as much in that manner as possible....
He kept the old one in the kitchen to hold my baby sister's milk bottles and formula.