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Post by Deleted on Jul 8, 2009 23:25:53 GMT
haha, I considered putting "loan" among the options but I found it so rediculous I just left it out ^^. No, getting a loan for something that is a hobby is indeed, NOT a good idea.
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Post by Deleted on Jul 9, 2009 0:58:55 GMT
I set aside money from each paycheck automatically I got an interesting look when I told the teller that I wanted to name my new sub-account "swords" ;D Anyway, it is adding up and I don't have to think about it The only money I owe right now is for the mortgage on the house....that's enough debt to last me a while. I figure if I can't save for it then I can't afford it.
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Post by Brendan Olszowy on Jul 9, 2009 1:25:15 GMT
I dont get how getting a loan is not an option. If you want an LCD television, scooter, dirtbike, laptop, jetski, electric guitar and amp, washing machine, HI-FI, refrigerator, chest of drawers or any other larger purchase item I can imagine, you finance it. I have had finance on almost all of the above items. Haven't you? So how is a $1000 sword any different? You guys spin me out...
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Post by Deleted on Jul 9, 2009 1:27:52 GMT
option #9 - sell your soul lol but seriously, i save, i sell, i get lucky, i even got lucky selling my soul. I dont get how getting a loan is not an option. If you want an LCD television, scooter, dirtbike, laptop, jetski, electric guitar and amp, washing machine, HI-FI, refrigerator, chest of drawers or any other larger purchase item I can imagine, you finance it. I have had finance on almost all of the above items. Haven't you? So how is a $1000 sword any different? You guys spin me out... aside from a morgage, i am strongly against credit & debt. its a rocky path to a bottomless pit. i would prefer a certain nagamichi wak over a tv... but i prefer not being in debt a lot more.
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Post by stromloswordsusa on Jul 9, 2009 2:02:31 GMT
I started off by buying 2 swords, selling one, and then buying 80 swords, selling 76, then buying 160 etc etc. Now I appreciate quality so the numbers are lower, but my theory is the same - the hobby earns it's own keep.
Rob
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Post by Deleted on Jul 9, 2009 2:04:04 GMT
No. I don't buy any of those items unless I have the money for them.
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Marc Ridgeway
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Post by Marc Ridgeway on Jul 9, 2009 2:10:19 GMT
No. I don't buy any of those items unless I have the money for them. Yep... thats a 10-4 here as well... I don"t even finance autos.
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Post by Deleted on Jul 9, 2009 2:11:44 GMT
I don't mind getting a loan for something I really gotta have, but the interest rate has to be right. I got a loan for my newest telescope at 0%! Also, I do have $4000 of debt that I'm slowly paying off at 1.9%. There's loans and there's loans.
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Post by Deleted on Jul 9, 2009 3:30:41 GMT
i have to set aside some money each month . i would not have to but when you are getting married and you want your future wife to be happy you need to sacrafice somethings.
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Post by Deleted on Jul 9, 2009 3:55:36 GMT
Well in all my hobbies; photography, firearms, computers and now swords I have one rule. Try not to buy anything for more than you think you can sell it for. Then if you don't like it, you can try again.
That said I usually finance my buys with 401K loans. Those are pretty awesome because you pay yourself back the interest. I think most 401ks and even some IRAs offer them. I have one loan I revolve on. Buy a 1k rifle. Pay it off over the course of the year. Buy another. I do this every Christmas. This year that might be my car insurance loan instead of my rifle loan though.
That said: lay-a-way. Lay-a-way is awesome. Just pay off the lay-a-way before you buy anything else.
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Post by Deleted on Jul 9, 2009 9:38:18 GMT
hmm unfortunately I have no access to any similar systems in Holland like lay-away or 401k loans.
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Post by Deleted on Jul 9, 2009 12:34:05 GMT
Sorry, the words "Lay-Off" show up in my employment history for any loan officer to even look at me. The personal loan thing, is for me, not an option. Lay-away rocks, because if I have the cash sitting at the house something inevitably comes up to deplete whatever I have saved, like a repair expense. My two wasters were the results of some $1 lottery scratch offs. Other than that, I have no idea how I'm going to be affording any swords in the near future.
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Post by Deleted on Jul 9, 2009 13:23:09 GMT
No. I don't buy any of those items unless I have the money for them. Yep... thats a 10-4 here as well... I don"t even finance autos. I like to pay cash for most things- not only does it not leave a paper trail, but it also means that I'm not paying for it later. Certain things, mortgage, car note- that's all I've financed. Everything else I buy outright, or wait until I can. Since Albion does allow payment plans, that is financing of a sort and I might go that route- if more sword sellers went that route, who knows, sales might get a boost. I guess 401k loans would be good because you're only paying yourself back...but I wouldn't really advise doing that too often unless you're absolutely sure you're going to remain gainfully employed for the period of time it takes to pay it back.
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Post by brotherbanzai on Jul 9, 2009 16:10:09 GMT
Hm, I work almost exclusively on what could be considered lay-away. I assumed it was fairly common, but maybe just in the custom market. It's common for commissioned sculpture to work that way. You put some money down to pay for materials and a bit of time and then the artisan goes to work. When it's done to stage "a" you put down some more money, stage"b" some more, and so on until it's finished, paid for, and then picked up. I'm currently doing a ginormous custom fantasy sword for a fellow like that.
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Post by Brendan Olszowy on Jul 9, 2009 16:21:55 GMT
Yeah, me too, I will often do my commissions on 3 monthly payments over two months, by which time it's waiting to be posted. That suits most people I find.
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Post by Deleted on Jul 9, 2009 17:04:00 GMT
Now that's workable...so why all this talk about taking out a loan?
BB, I'm glad to know you do...I have an idea on a sword - I love your work, when I pull it all together (idea-wise) I'll send you an email. If that's ok.
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Post by Deleted on Jul 10, 2009 3:54:21 GMT
I have been paying off my Hanwei Tiger from Swords of Might for like three months now. Only $177 to go.
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Post by Deleted on Jul 10, 2009 22:48:31 GMT
I dont get how getting a loan is not an option. If you want an LCD television, scooter, dirtbike, laptop, jetski, electric guitar and amp, washing machine, HI-FI, refrigerator, chest of drawers or any other larger purchase item I can imagine, you finance it. I have had finance on almost all of the above items. Haven't you? So how is a $1000 sword any different? You guys spin me out... well yes I have had the odd Loan for a guitar or two but I am a working musician and that pays for the loan in the end. My laptop is the same I use it for work so it is a work tool not a toy so to speak. However having said all that I am going to say that Brendan Olszowy is right in many ways that it is just like any other item that you would get a loan for. Maybe there is just a stigma that seems to go along with swords... hmmm I don't know just an idea.
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Post by Deleted on Jul 21, 2009 19:28:29 GMT
Besides, does Brenno even MAKE a $1000 sword? I thought all his were well above that. lol
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Post by jpfranco on Jul 21, 2009 19:35:10 GMT
I am lucky to have a well paid, steady and secure job so I can indulge once in a while. I wish more people had my luck particularly in these hard economic times.
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