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What's the best advice you've ever received? (sh.itjust.works)

submitted 6 months ago by sjmarf@sh.itjust.works to c/asklemmy@lemmy.ml

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[–] AtariDump@lemmy.world 1 points 6 months ago* (last edited 6 months ago) (2 children)

Collect what you're owed as soon as you can.

Ok, with you so far.

Pay what you owe as late as you can.

But if there’s interest, this is going to screw me over as I’ll have to pay more interest (on a CC / etc)

What am I missing with the second one?

[–] tetris11@lemmy.ml 2 points 6 months ago

outlive your creditors in an unstable land?

[–] ryathal@sh.itjust.works 2 points 6 months ago (1 children)

It's more about non interest scenarios. If payment isn't due for 30 days, you wait 30 days to pay. If it's a place that won't fight you, wait 40 and then pay.

Companies do this all the time.

[–] AtariDump@lemmy.world 1 points 6 months ago

That makes sense; I figured that was the case but OP never said that.