Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
Life After Brown
Personal Finances
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="I GOT ONE MORE" data-source="post: 587150" data-attributes="member: 5997"><p>Our marriage made us one, but to each their own. We are debt free and have piles of cash in the bank.</p><p></p><p>Frankly, we can't understand financing anything except the home, we have 8 years left. </p><p>If you can't save up and pay cash, than you can't afford it and you shouldn't be buying it. Interest and finance charges are money down the drain, that's the money the banks use to build those fancy skyscrapers and multi million dollar salaries. Even your mortgage interest is a rip off. We would much rather pay the taxes on the mortgage interest that we send to the bank each year. Think about it. </p><p></p><p>Debt is a reason the economy has been stumbling the last couple years. Home values declining have prevented the "wallet of equity" from being tapped. People became accustomed to repeatedly refinancing, going farther and farther into debt. Now they are backed into a wall, finally facing the facts. Payments into oblivion. Hence, foreclosures, bankruptcies, credit card defaults are all up nationwide. </p><p></p><p>Debt is a product that has been SOLD to the American public since the late 50's. That's when the first credit card was created. So many people are so over leveraged these days, it's amazing they can get a good nights sleep. </p><p></p><p>Close your eyes. Imagine life with NO payments. You would have a lot more money.</p><p>And sleep well.</p></blockquote><p></p>
[QUOTE="I GOT ONE MORE, post: 587150, member: 5997"] Our marriage made us one, but to each their own. We are debt free and have piles of cash in the bank. Frankly, we can't understand financing anything except the home, we have 8 years left. If you can't save up and pay cash, than you can't afford it and you shouldn't be buying it. Interest and finance charges are money down the drain, that's the money the banks use to build those fancy skyscrapers and multi million dollar salaries. Even your mortgage interest is a rip off. We would much rather pay the taxes on the mortgage interest that we send to the bank each year. Think about it. Debt is a reason the economy has been stumbling the last couple years. Home values declining have prevented the "wallet of equity" from being tapped. People became accustomed to repeatedly refinancing, going farther and farther into debt. Now they are backed into a wall, finally facing the facts. Payments into oblivion. Hence, foreclosures, bankruptcies, credit card defaults are all up nationwide. Debt is a product that has been SOLD to the American public since the late 50's. That's when the first credit card was created. So many people are so over leveraged these days, it's amazing they can get a good nights sleep. Close your eyes. Imagine life with NO payments. You would have a lot more money. And sleep well. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
Life After Brown
Personal Finances
Top