desiwolf said:
BigLefty24 said:
78wilsonpack said:
WolfQuacker said:
78wilsonpack said:
89_Grad said:
BobbyCox95 said:
wilmwolf80 said:
I don't disagree, they should've put more money in baseball over the years. They've been focused on football facilities spending, which up until recently was necessary just to be competitive. Fact is, they've had to pick and choose because of the money that was available, and they've chosen football. So, we can sit around and wonder how we got here, but you can't change the past. If we want baseball to have better facilities in the here and now, giving money directly to this project is the way to do it. We heard for years that there were folks ready to open their checkbooks as soon as Yow was gone, so it shouldn't be a problem to meet and exceed the current goals.
I think 10 million raised in just a couple months is pretty good. Especially considering everyone's financial investments are most likely tanking right now. Maybe to go even deeper I wonder how we got to this point even before 20 years ago. I know…..off topic, but how did we go from the mid 60's to 1998 with almost no facility investment other than the Weisiger Brown facility. If we already had a decent stadium 20-30 years ago then pouring 15 million now could make it top of the line. But instead, here we are putting lipstick on the pig. If I'm being honest, even with these enhancements, optically it's still one of the worst in the conference.
THis story's been told also. Willis Casey, like many in the generation who came up in the Great Depression (the one in the 1930s), was, I've been told, extremely debt averse, and evidently he spent all extra revenues from 1967 until the early 80s paying off the original Carter Stadium bonds (with an extremely low interest rate) off early so athletics department could be "debt free". But clearly in doing so, he dug us into a facilities hole it's taken decades to climb out of...It's an example of a cash flow/cash management philosophy that is naturally appealing at a very simplistic level ("live within your means"), but when you think about it in a more sophisticated way, it causes problems down the road...
Yep, give me a 3% percent 30 year bond or mortgage and I'll never pay that sucker off. Make all the payments on time but over time with inflation typically at 2- 2.5% it's almost free money.
I'll take all the 3% long term loans you'll give me.
Damn skip. Pure time value of money. That's why when we refinanced at sub 3% I quit paying extra on the monthly. Makes no sense.
I did it one better - refinanced a while back 30 years and took cash out. I'm serious, I'll take all the 3% or below money you will lend me.
Dave Ramsey or whatever his name is a fool and gives, in my opinion, gives
bad advice.
Dave Ramsey is a financial genius. You might be the first person I have ever heard say he gives bad advice, much less call him a fool.
He also has a net worth of $200M.
But "Pay your mortgage off asap" was definitely not great advice especially in the previous low interest env
His message is a little more involved than that. It's geared to be simple to understand for the masses, and a big part of his message is risk. Paying off your mortgage early eliminates a ton of risk, adds an asset to your net worth that is geared to increase in value, and allows you to focus on dumping all of that money into mutual funds once the mortgage is paid off.
Yes, a few savvy folks could pull out their calculators, meet with a financial planner who will be incentivized for you to direct money towards him, and the two of you can probably figure out a way to pull money from a low interest mortgage loan and use it to your advantage. That sounds great until you're hit by a log truck, and you no longer can pay that mortgage, the house gets foreclosed, and your wife and kids are now living in a van down by the river with Chris Farley eating a steady diet of government cheese. All because you wanted to use your mortgage loan to buy Bitcoin.
@BigLefty24
*100% committed*
*Please respect my decision*
*Recruitment still open 110%*