The Cost of Paying Cash | E11 of the Wealth Without Bay Street Podcast

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So you pay in cash. Smart right? Maybe not. Paying cash is devastating to the financial future we’re wanting to build. And it’s impossible to see until you get there (retirement that is).

Think of it this way. You are either paying up interest or passing up interest.

Perhaps your great grandfather never bought anything unless it was 100% down. That is cash value.

One of the things Nelson Nash said is that we finance everything we buy.

Not some things, everything we buy.
What we are not tuned to think about, is the idea of cost of cash. This gets left out.

The simple fact is that when we pay cash, we’ve lost any potential stream of interest.

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