I own my home and truck. No credit card debt and Dougar's right; if you haven't got the cash, don't buy it.
Disagree. There is such a thing as good debt.
The challenge is not getting yourself into a position where you take on debt to finance debt.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I own my home and truck. No credit card debt and Dougar's right; if you haven't got the cash, don't buy it.
Cars are paid for as is the motor home, but the house (8 bedroom with large back yard and spa) still has a 198,000 mortgage on it at 4.375%. That is enough to keep my income taxes low. Sort of a win win situation if they raise the property taxes, they can take the house from the bank for nonpayment of taxes if everything goes to hell.
As I have been warning people, government can try to take everything from you in the future. Don't discount the possibility of your water and sewage bill rising to astronomical levels. After they do that, they raise the property tax to astronomical levels. They do that to take the house away from you to add to the government wealth. Sheet like that happened during the Great Depression and it could happen again.
It would not surprise me if one day the enlightened running the country decide that if one's house is paid for, the owner has to pony up in taxes the amount that others are paying to make payments on their house so everyone is "paying the fair share". Thos etaxes would be earmarked to help edgakashun, but would somehow end up in the general fund and be used to remodel the offices of Senators of the majority party.
This "fair share" BS is a little annoying.
Until everyone who works is paying at least something in income tax, "fair share" means nothing.
It would not surprise me if one day the enlightened running the country decide that if one's house is paid for, the owner has to pony up in taxes the amount that others are paying to make payments on their house so everyone is "paying the fair share". Thos etaxes would be earmarked to help edgakashun, but would somehow end up in the general fund and be used to remodel the offices of Senators of the majority party.
This "fair share" BS is a little annoying.
Until everyone who works is paying at least something in income tax, "fair share" means nothing.
Fair Share is an Orwellian term meaning if you earn or have saved more than others, they have the right to have the government "spread it around".
The government is close to maxing out on the ability to tax income - too many layers of federal, state, and local fingers in the pie. The move will be to tax assets. States already tax homes via property taxes. I expect the Feds will put more taxes on Savings and Investment income (and eventually a property type tax on principle). The Medicare tax on investment income is the first step.
We have our house and cars paid for. What we don't have paid off is our daughters two day stay in the hospital. And you mention taxes going up--our taxes went up when our daughter, who is an uninsured contract worker for AT&T, got sick.
I'm sorry PeterS I don't understand what kind of tax you would have to pay for your working daughter's being sick. Could you expound on that?
My daughter is contract labor at AT&T. AT&T is one of those companies that is sniveling about loosing billions because they are going to be required to cover all employees...like my daughter. I am paying the tax AT&T is sniveling about. And here's the question: who receives the benefit from the productivity produced by my daughter when healthy. To whose advantage is it to insure that she is healthy? And here is another question: which is easier to plan for-taxes or unexpected medical expenses?
I agree with you taxes are already here. They are already an extreme burden for many of the people and government just keeps growing itself to apply more burden to the taxpayer.PeterS said:Look, I know you think you can scare me with your 'taxes are coming, taxes are coming' but you don't. Health is something we all have to have. It is a must and anyone who thinks they aren't being taxed out the ass for it now is a complete idiot! We will never get control of this mess if we embrace status-quo. Doing nothing is no longer an option. You have a much greater chance of loosing your house to unexpected medical expenses then taxes that you know are coming and can plan for. So plan! That's how you do it. That's how I paid for my house. That's how I paid for my cars. And that is how I am going to pay my fucking taxes...if there is anything left after I pay my daughters medical expenses...
Big pharma, GE, Monsanto, DOW and many others are pleased that they have people like you in their corner to help push their agendas off on everyone.
Your assumption that if great medical expenses happened we would lose the home we currently live in is totally bogus. We do have a bankruptcy system for when such things do happen. In bankruptcy one does not lose their homestead or home even that may have a mortgage if they are paying that mortgage. Nor does a person lose their car because the bankruptcy does allow you to drive to work. You may have to sell the toys.
Big pharma, GE, Monsanto, DOW and many others are pleased that they have people like you in their corner to help push their agendas off on everyone.
Your assumption that if great medical expenses happened we would lose the home we currently live in is totally bogus. We do have a bankruptcy system for when such things do happen. In bankruptcy one does not lose their homestead or home even that may have a mortgage if they are paying that mortgage. Nor does a person lose their car because the bankruptcy does allow you to drive to work. You may have to sell the toys.
Long way around to sayin' it, but I read it all, and agree:
Big Tools support Bigger Government.
Big pharma, GE, Monsanto, DOW and many others are pleased that they have people like you in their corner to help push their agendas off on everyone.
Your assumption that if great medical expenses happened we would lose the home we currently live in is totally bogus. We do have a bankruptcy system for when such things do happen. In bankruptcy one does not lose their homestead or home even that may have a mortgage if they are paying that mortgage. Nor does a person lose their car because the bankruptcy does allow you to drive to work. You may have to sell the toys.
Long way around to sayin' it, but I read it all, and agree:
Big Tools support Bigger Government.
Of course they do as it is profitable for them to do so.