Archived posting to the Leica Users Group, 2015/12/21
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]I'm not a finance guy but have hung out with them they let me listen in on their conversations as long as I don't ask too many questions.. And this whole thing about it being a given that you never borrow money to get a key piece of equipment for one of the main things you do in life I think would be a surprise to them. I don't think its the same as borrowing money to buy a mink drivers wheel cover for your car. On 12/22/15 1:38 AM, "Mark Rabiner" <mark at rabinergroup.com> wrote: > I got a loan for my first Hasselblad and lens and Balcar strobe kit and > Gitzo Tripod using my car for collateral as I could not afford a big > business loan. It was certainly worth it. It got me starting in pro > photography. Without it it would not have happened. I'm curious what's so > horrible about getting a loan for a needed tool for your profession or very > serious hobby? I did not know it was a no no. > > > On 12/21/15 10:35 PM, "Doug Herr" <wildlightphoto at earthlink.net> wrote: > >> Jayanand Govindaraj wrote: >> >>>>> >> Peter, >> I would agree with you with one major financial caveat (I am also a >> finance >> professional of over 40 years experience, by the way) - if you can >> afford it >> without depriving your family of essentials, without taking a hit on basic >> savings, and most importantly, not on borrowed money. If you have any >> type >> of >> short term loan outstanding, pay it off first, it is a much, much better >> long >> term deal. Use cheaper tools till you can genuinely afford Leica >> equipment it >> without financial strain. >> <<< >> >> Mostly agreed. I'm currently using a cheaper tool but... I'm on the >> verge of >> selling my Sony and going without until I save the $$$$ for the SL. No >> way >> am >> I using a credit card or any other loan of any kind. >> >> The Sony's buttons are too many, too small and too close to each other >> especially with winter gloves. Very frustrating to use. My 500mm lens is >> also a cheaper tool. I can tolerate its foibles because its weight and >> price >> tag are below my upper tolerance limit. >> >> Doug Herr >> Birdman of Sacramento >> http://www.wildlightphoto.com >> http://doug-herr.fineartamerica.com >> >> _______________________________________________ >> Leica Users Group. >> See http://leica-users.org/mailman/listinfo/lug for more information > > > -- Mark William Rabiner Photographer http://gallery.leica-users.org/v/lugalrabs/