It's interesting that for many, many people, a $32,000 debt would be mostly still in place 20 years later, having earned the credit company probably $90,000 and still going strong.
Monday, June 17, 2013
A prosperous lifestyle
This may be an extreme example, but it's cool to read about somebody who got out of what many consider "lifetime debts"... in a couple of years... on unskilled labor income... while getting a degree.
It's interesting that for many, many people, a $32,000 debt would be mostly still in place 20 years later, having earned the credit company probably $90,000 and still going strong.
It's interesting that for many, many people, a $32,000 debt would be mostly still in place 20 years later, having earned the credit company probably $90,000 and still going strong.
This is indeed "extreme" but the principle behind it is good. Live a life style "below" (what everyone else thinks) your income can support. Stay out of debt as much as possible, save/invest a minimum of 10%.
ReplyDeleteIf we had not done this for all of our adult life, we would not have been able to retire or be able to retire without worry. Are we glad we did it? Yes!
Plus it's great for abducting and murdering hookers.
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