Comments on: The Real Reason All of These Companies Are Failing http://www.moneycrashers.com/the-real-reason-all-of-these-companies-are-failing/?utm_source=rss&utm_medium=rss&utm_campaign=the-real-reason-all-of-these-companies-are-failing personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Gary Reese http://www.moneycrashers.com/the-real-reason-all-of-these-companies-are-failing/comment-page-1/#comment-6915 Gary Reese Thu, 15 Oct 2009 17:50:20 +0000 http://www.moneycrashers.com/?p=615#comment-6915 Debts is part of it no doubt. However, just today I contacted 3 different companies to buy a product. All of them refused to sell to me cause I wasn't ordering a million dollars worth, or they no longer had the resources to provide the product. They'd sold off the machines the product was made with. Not all companies have this mentality. I retired form a company that was raked number three in their field going into the recession. Coming out of the recession, they will be number one. Number one because they toke on the customers the other two failed to serve cause they weren't making them rich. Oh, and BTW: It's a company that serves the new housing market... and they are doing just fine. Friends informed me they were working 12 hour sifts to keep up. Debts is part of it no doubt. However, just today I contacted 3 different companies to buy a product. All of them refused to sell to me cause I wasn’t ordering a million dollars worth, or they no longer had the resources to provide the product. They’d sold off the machines the product was made with.
Not all companies have this mentality. I retired form a company that was raked number three in their field going into the recession. Coming out of the recession, they will be number one. Number one because they toke on the customers the other two failed to serve cause they weren’t making them rich. Oh, and BTW: It’s a company that serves the new housing market… and they are doing just fine. Friends informed me they were working 12 hour sifts to keep up.

]]> By: ekrabs http://www.moneycrashers.com/the-real-reason-all-of-these-companies-are-failing/comment-page-1/#comment-6129 ekrabs Sat, 23 Aug 2008 01:35:23 +0000 http://www.moneycrashers.com/?p=615#comment-6129 Oh yeah, I also had student loans. One of the best debts I've ever leveraged, and it allow me to get an education. But I did pay that off early as well. I wanted to be debt-free, and that's what I am now I actually agree with you much more than I may sound. I just think debt is something that can to be used responsibly, not simply be avoided. Oh yeah, I also had student loans. One of the best debts I’ve ever leveraged, and it allow me to get an education. But I did pay that off early as well. I wanted to be debt-free, and that’s what I am now I actually agree with you much more than I may sound. I just think debt is something that can to be used responsibly, not simply be avoided.

]]> By: ekrabs http://www.moneycrashers.com/the-real-reason-all-of-these-companies-are-failing/comment-page-1/#comment-6128 ekrabs Sat, 23 Aug 2008 01:31:52 +0000 http://www.moneycrashers.com/?p=615#comment-6128 Well, the risk level is different. CDOs and SIVs are bundled junk debts, and all the banks have done is slice them up and spread them out. But the risky nature of these debts remain. Credit cards and mortgages can also be risky debts, but if they are managed responsibly, they're not that risky at all. Granted, it seems like there's not that many out there that's actually capable of handling it responsibly.... But I have one credit card right now (no mortgage yet but will some day), and I think I am managing it responsibly. As such, it's serving me quite well. Well, the risk level is different.

CDOs and SIVs are bundled junk debts, and all the banks have done is slice them up and spread them out. But the risky nature of these debts remain.

Credit cards and mortgages can also be risky debts, but if they are managed responsibly, they’re not that risky at all. Granted, it seems like there’s not that many out there that’s actually capable of handling it responsibly….

But I have one credit card right now (no mortgage yet but will some day), and I think I am managing it responsibly. As such, it’s serving me quite well.

]]> By: author http://www.moneycrashers.com/the-real-reason-all-of-these-companies-are-failing/comment-page-1/#comment-6108 author Tue, 05 Aug 2008 17:30:32 +0000 http://www.moneycrashers.com/?p=615#comment-6108 no, everything BUT the mortgage. I should clarify that when I am talking about debt, I am referring more to consumer debts such as credit cards, student loans, and car loans because they go down in value. i wouldn't be too worried about your mortgage debt. If you want to strive to pay it off early, that's awesome, and you should if it doesn't break your bank. But, it's not weighing you down right now. Thanks for being such a faithful commenter! no, everything BUT the mortgage.

I should clarify that when I am talking about debt, I am referring more to consumer debts such as credit cards, student loans, and car loans because they go down in value.

i wouldn’t be too worried about your mortgage debt. If you want to strive to pay it off early, that’s awesome, and you should if it doesn’t break your bank. But, it’s not weighing you down right now. Thanks for being such a faithful commenter!

]]> By: Jacquelyn Hart-McCoy http://www.moneycrashers.com/the-real-reason-all-of-these-companies-are-failing/comment-page-1/#comment-6107 Jacquelyn Hart-McCoy Tue, 05 Aug 2008 15:38:32 +0000 http://www.moneycrashers.com/?p=615#comment-6107 Debt free in two years including your mortgage and student loans? I was just curious. I agree with you on debt. I am very uncomfortable having too much of it. My mortgage is all I have. I think debt can be used as a tool (like when buying a home or starting a business) but the secret is not going crazy and only having debt you can very comfortable afford. Shawn and I like to live in a way that we could still pay all our essential bills on only one income even though we both work. If one of us is hurt or can't work or even wants to quit, we can, we have that flexibility. Even though many say I am too conservative, I feel so free because of it. Debt free in two years including your mortgage and student loans? I was just curious.

I agree with you on debt. I am very uncomfortable having too much of it. My mortgage is all I have.

I think debt can be used as a tool (like when buying a home or starting a business) but the secret is not going crazy and only having debt you can very comfortable afford.

Shawn and I like to live in a way that we could still pay all our essential bills on only one income even though we both work. If one of us is hurt or can’t work or even wants to quit, we can, we have that flexibility. Even though many say I am too conservative, I feel so free because of it.

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