Debt Free Finally

Discussion in 'Announcements and Feedback' started by sealybobo, Sep 3, 2016.

?

I will have enough to retire at 65

  1. Yes

    4 vote(s)
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  2. No

    0 vote(s)
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  1. WillowTree
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    WillowTree Diamond Member

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    I never invested a dime. Do you know how many trillions of dollars have just vaporized on Wall Street? If you want to invest your money rental properties are best I m h o.
     
  2. strollingbones
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    strollingbones Diamond Member

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    i hope you dont get hit with medical bills...that is what i am struggling with....i had to take out a 60 month loan in jan 2014....i hope to have it paid off in 9 more months...then i have 3 interest free loans thru the hospital....and one interest free credit card that i am paying off ...house and cars are paid for....so is the land...

    yes i have insurance with a high deduct
     
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  3. GLASNOST
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    GLASNOST Senior Member

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    I think you missed your own point. Being able to afford some things is not the important issue. The best question is, "What does cable give me?". And the answer is, "Not much, if anything." People spend money on things they don't need, usually because 'everybody' has it. When we moved into this flat the woman living here asked if we wanted to just take over her cable prescription. So we asked her what channels she had. She hemmed and hawed all 3 three times we asked her, never really getting a clear answer from her. Once we moved in the flat I hooked up our flat screen and ran the automatic channel searcher, wrote them up and had a good peek at it. Jesus H. Christ! The cable channels added up to 20. But the free normal channels (without cable or satellite) came to 19 channels. And guess what ........ they were all the same, except for Children Network, or whatever it's called! So the idiot was paying for something she already had and the reason she never gave us a straight answer is because SHE DIDN'T KNOW what she had! Needless to say, we stopped the prescription immediately.

    Saving money is great, especially when the money is saved on things you don't want or need anyway.
     
  4. WillowTree
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    WillowTree Diamond Member

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    Obamacare?
     
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  5. strollingbones
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    strollingbones Diamond Member

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    yes as i have said the first year...it was good to us.....i had 3 opts..and grumpy had both knees replaced...but it did p put me in debt....and then the insurance refused to pay for several things...who the hell knew what hyper infusion hydration was....and why it cost 1200 bucks that insurance refused to pay....basically i pay monthly fees for a catastrophic policy ...
     
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  6. GLASNOST
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    GLASNOST Senior Member

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    This is where socialism comes in very handy. I've never had the slightest worry with medical bills no matter how cheap or expensive the bills were and I have never had private insurance for anything.
     
  7. strollingbones
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    strollingbones Diamond Member

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    but those with pre existing conditions are just happy to have any kinda insurance
     
  8. Fueri
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    Fueri Gold Member

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    "Winner" awarded just to fuck with Bobo. Lol.
     
  9. SAYIT
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    SAYIT Gold Member

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    Congrats and let me suggest low-fee mutual funds. For individuals with limited resources (time, info, money) the funds can better navigate the difficult, often treacherous terrain that is Wall St. The professionals there are rewarded for winning and punished for losing making it their best interest to win for you. Just resist the temptation to sell in a panic. I built my portfolio - 3 different Vanguard funds - gradually and as a retiree have been receiving quarterly checks.

    I have had both rentals props and stock market investments (Vanguard) for 3 decades. The "vaporized" Wall St money magically reappeared for those who had the balls to wait out the storms and while the two were about equally profitable, the Wall St investments were far less work.
     
  10. sealybobo
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    sealybobo Diamond Member

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    My mom had Alzheimer's. If my dad didnt take care of her it was $11,000 a month. But if you don't have money Medicare pays. Sucks for the people who saved. Or should I say their kids. The people who saved will be taken care of either way. There just won't be anything left over for the kids. And if most people have nothing and will get medicade, that's going to be a burden on the debt big time.

    Eventually mom got so bad we had to put her in a $11,000 a month home but she only lived another 3 weeks. Oh, and that doesn't include pills, ensures, diapers, nothing! That's all extra and at movie theater prices.
     

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