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Some of these "socialist" countries REQUIRE people to take time off. Too many here have become cogs and allowed their workplaces to be turned into some sort of salt mine.
And I'll repeat that with interest rates where they are, it is much more a time to acquire debt than to pay it off.
Just curious what yall think the smartest move is after completely paying off your mortgage, loans, and credit cards? Is saving $$ for the next market downturn the best option, or maybe buying a 2nd home and renting out the first to pay for the mortgage on the new one? Just curious what some of you savy folks would do. I have a plan to be debt free in less than 3 years from now. Any books to recommend?
I kept right on making the mortgage payment into savings. Yes, you have to invest it somehow, and buying a rental unit or two is an excellent place to put it, particularly if you can do the management and maintenance yourself.
How about - and this may be completely unheard of to some people - but how about enjoying life a little bit? Take a vacation. Buy a nice car. Do whatever it is you enjoy doing.
And another brainwashed consumer is heard from. Not everyone thinks you have to spend money to have a good time.
Sell while the market is high. Once again, our country is in a real estate bubble. Then buy when prices are rock bottom after the crash (within 3-5 years). Study 2008. Exact repeat, only it'll be worse this time.
Study 2008. Exact repeat, only it'll be worse this time.
An "exact repeat" of 2008 would require that some entity be able to generate very large volumes of suspect paper and then sell them off as Triple-A into unsuspecting secondary financial markets. That -- NOT housing markets -- is what led to the Great Recession.
And another brainwashed consumer is heard from. Not everyone thinks you have to spend money to have a good time.
I said "do whatever it is you enjoy doing," which could be any number of things. However, in general, "doing things" generally requires some expenditure of money.
It seems most people on this forum are so intently focused on the future 30 years from now that they are too afraid to spend a couple hundred bucks on something fun right now. Or they are perversely proud of being comically cheap.
It seems most people on this forum are so intently focused on the future 30 years from now...
It might be said that they are preparing for the PAST 30 years, not the NEXT 30 years.
Quote:
Originally Posted by LeagleEagleDFW
...they are too afraid to spend a couple hundred bucks on something fun right now. Or they are perversely proud of being comically cheap.
Indeed, money is means, not an end. It is a medium of exchange, meaning that it is intended at some point to be exchanged for something. There is a bit of an art though to figuring out just when an exchange might best occur and what it might best be for. That sort of thing can vary from one person to the next.
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We don't know where OP is located, how can you possibly know that real estate is better than stocks?
