Posted by PeteTheRookie on February 06, 2011 at 06:16:57 from (74.69.240.233):
And puts someone else in control of the reins.
This quote says it all, it is from a book of old cowboy proverbs call "A cowboys guide to life."
This post is about $$$. Just felt I need to share it after reading another post earlier today.
Think about it. $$$ only becomes the center issue in life if you let it. The Great Materialism that started after WWII. Grew in the 60's and from 70's thru 90's got out of control has made too many people prisoners to debt.
Not to mention our Government to China. That's a whole other story.
Early on in my life, living close to NYC, I was exposed to many wealthy people. My adolescent conclusion. Money (IE being Rich) causes a who set of problems that middle class folk like me did not ever have to worry about.
When I was a kid, the rich got divorced because the could afford too. The rich lost sons and daughters to drugs or car crashes in their Porsches or Bimmers. Or the "well to do" father committed suicide and after-wards we would find out he left his wife penniless and in debt.
And while this is hard for many hard working people to do. Get out of the debt imprisonment.
IF you are totally under water on the house and cannot afford all the bills. Go bankrupt, tell the bank to take the dam house. The government( the same one who created the housing bubble) bailed out the banks and left all us hard working citizens to rot in debt hell.
One of my brothers went bankrupt years ago and lived and prospered after wards. Many of my friends have short sold houses, plain just walked away or stopped paying the mortgage and saved the $$$ up to pay to rent a home once they got evicted. It is messy, but it gave them HOPE for the future instead of a long term nightmare there was no foreseeable end to. Living with no HOPE for the future is no way to live and leads down many "bad roads". Drugs, alcoholism, divorce, etc.
Personally, after 911, I moved my family out of NY and became debt free. No mortgage, no car payments, no CC debt, nothing.
I can say it because I did it all by myself. Even paid for college myself. Never had a new car until i was 47. Always used. Always fixed almost everything myself because having been raised "lower middle class" my dad had to fix everything. And learned early on too many possessions only weigh you down. Everything you own needs upkeep ($). Or gets taxed.
Being debt free is as close to true freedom as one can get. You still have enough bills but your major source of stress is gone. Being self employed my revenue stream has allows been like a yo-yo and since the Big Recession, mostly a yo-yo at the end of its string. But being debt free lets you live like people did in the olden days. Simple, live with less. Enjoy PEOPLE not material things.
Like the line in Me and Bobby McGee by Janis Joplin "Freedom is just another word for nothing left to lose, Nothing don't mean nothing honey if it ain't free..."
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