- Joined
- Sep 8, 2019
- Messages
- 4,392
I always welcome posts such as this.If the lathe has already been ordered, skip this post...
If it has not been ordered, I strongly advise stopping everything. Per your other thread, you've been through a very traumatic event and your mind is not where it needs to be for a decision like this. You almost seem to know it, too, saying how much of an issue getting the lathe is going to be. Financing something like this is just throwing money away. What is it about this lathe that you absolutely must have it right now?
I sense that you're on the edge of being self-destructive, punishing yourself (via the financing) under the delusion that the lathe is what you need right now. This makes me think of a guy who's wife leaves him, so he buys a new Corvette and gets a stripper girlfriend to compensate. Is doing that really going to make him feel better? Normally, issues like this are handled offline and in private, but since you posted about this and the other event, expect to get more public input!
And no, I've never been one for candy-wrapping my thoughts...
The loan has already been completed, and the deposit has already been received by PM.
I do have a high income, & I live in a 6 income household.
I had budgeted to spend this much on tuition, and the school plan has been cancelled.
I don’t need this large of a machine, but the project I am working on now calls for a 2” spindle through.
And there is no prepayment penalty on the loan if I can ever stop buying stuff!