Tempted to purchase a liability....need motivation, HELP!!!!

[Chance Cooper]

So I am finishing up my tour here in Egypt, and close on our 3rd house on June 27th. One rental is paid off with a cash flow of 850, the second is rented with a cash flow of 200, and this third house we plan on living in for a year.

I have no debt other than real estate debt, and they are cash flowing. My salary at work is right at $85k (take home)...When I get home next week I will need a truck. I was thinking of just getting a nice little Ford Ranger extended cab that will get me to and from point a to b. No more than 6-8k. 

OR

Get something nice like a big Chevrolet Silverado 1500, which will require truck payments (20k)....So far I been doing well by keeping my liabilities low, and my assets high. What are your thoughts on purchasing a vehicle?

Chance

[Kerry Baird]

Buy the asset before you buy the liability!