Nope. Nope. Nope. I disagree. I disagree. I disagree.
Why?
Psychology of Manipulations.
You either open yourself up to being manipulated by others, for their own purposes and gains . . .
Or you free yourself from Them and take control manipulating you own emotions.
They will sell you with fears; desires; lusts; shames; greeds and gluttony’s.
Take that home mortgage. They want to make that possible for you. Then sell you that you are now “safe”, "sound’ and “secure.” Until . . . there is more to sell you on.
Well you have made a sound decision alright if that mortgage did put you into a place that can satisfy the real needs of yourself and your family. Today and tomorrow. For decades.
But you are just a bad car wreck; economy downturn; heart attack away from losing it.
So they then sell you these fears and load you up with extra Insurances.
Instead do anything; say anything to get into the place, morgaged. THEN make your true fear the understanding that until you do own it outright free and clear, you and your family are not safe. Not secure.
Let those fears drive you to in all ways possible to convert your time into money the can be sent off monthly to pre-pay down the principal on that mortgage. Drive yourself for 10-15 years pay-off. Doing this the interest rate factor; the mandatory insurance loading all then fall out.
Once you have this plan-goal fixed firmly in your mind and heart then ALL of their froo-froo games they will play on you for Investments; Credit Cards, and Rebates; buy-now Discounts will be in your mind felt as assalts on your getting safe and secure. Think. Think. You had to spend money you had to borrow to get those Rebates and Discount. That ain’t progressing forwards. It is slipping farther into debt.
Decades now I’ve seen true own-thier-own-homeowners who have been able to weather severe setbacks just then having to pay the annual taxes. Even setting aside repairs and especially “home-Improvements”. Get it owned free&clear. And keep it unencumbered free&clear.
JoepK. the Ramsey system talking face guy says he has gone from $40,000 in personal debt in ten years to being now a millionaire. He says . . . and the Ramsey daughter say after you are a true net worth a millionaire then you can splurge on a new car.
He chose a Tesla. A used 50% depreciated low miles Tesla.
Nope, never used the Ramsey methods. Ha! When I was young I had to hard-nose develop many frugal living techniques myself.
My previous generation family were wonderful teachers on what to do. And what not to do.
Those were hard learnings. Involving bankrupsys and repossessions.
To ALL: do view the Ramsey System presentations. They are good to excellent.
They will explain the self-applied psychology of why you would ignore the debts interest rates; and quick as possible pay of the smallest off first then on up to the largest to get the staged boosts pickups of climbing out of enslavement. You DID this.
YOU got yourself in after all. ONLY by changing yourself will keep yourself from getting culturally sucked back in.
Steve Unruh
so true. Thanks Mr Steve. Good one. 200 % agree
. For some of us, it’s our physical work, for others, it’s ideas or knowledge. The philosophical question isn’t so much what or whether you sell or trade, but whether you offer something useful or useless, “good” or “bad,” fairly or unfairly priced. Maybe also whether it’s a real need or even desire, or the result of mind games designed just to transfer your resources to someone else.
