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Old 12-06-2012, 04:22 PM   #141 (permalink)
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No, that's why I said my day was only yesterday.
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Old 12-07-2012, 12:40 AM   #142 (permalink)
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Old 12-07-2012, 12:45 AM   #143 (permalink)
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I think I covered all that with a computer (any computer) and basic smart phone are all you need, but you know in my day (which by the way was pretty much yesterday) we had both schedules and fixed line telephony which worked miracles.
I am 59 so for me all of this technology is so far from what I grew up with I can barely believe it. We had to find a $.10 pay phone when we needed to call home. I was 14 in 1967. I think kids are overburdened with all of it. But this is all they know.
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Old 12-26-2012, 12:00 AM   #144 (permalink)
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Just watched the movie I.O.U.S.A I really hope that I don't have grandchildren. I am already ashamed at the unsustainable financial policies that we are perpetuating. But, as voters, we punish anyone who talks of raising taxes or cutting entitlements. We are, cutting our own throats. We are living on our childens wages, sickening.

Anyhow, 11 months to completion, a little setback that I have to work at funding. We just had to pay $3600 cash for my daughters second round of braces. We can absorb this over 11 months, and stay on track, but it is going to take some work. One month at a time. I hope my children and their generation learn what living within their means, means... And demand it from their elected officials. We have done a truly ****ty job.

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Old 12-26-2012, 12:14 AM   #145 (permalink)
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I had just found out my credit rating had dropped a bit. Curious as to why, I found that the reasons listed were that I had no recent installment debt ( cars, trucks, bikes, house all paid for some time ago ), and that I only have a few credit cards left ( one company went bankrupt, and Home Depot and Yamaha closed my credit lines for lack of use ). Many things are actually linked to your "credit worthiness", so in order to bump back to my old level I must incur more debt. Using credit cards and paying them off in full apparently isn't quite enough.

Strange how the banking system controls us, and I wonder what will happen in a year or 2 when you have NO recent credit usage
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Old 12-26-2012, 12:46 AM   #146 (permalink)
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It is sad, right? Your credit worthiness is based on whether you are currently in debt, doesn't matter that you are better at handling money than everyone around you. I suppose I will cross that bridge when I get there. Many people live debt free, perhaps they will have insight.

I will keep my Discover card, and use it. We have never had credit card debt, we have never lacked self control. In fact, I have not carried actual cash in about 10 years. The key is that anything purchased on the card must already be allocated in the monthly budget. Self control has never been an issue, and almost all of our recurring payments are paid with our Discover card, that will continue.

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Old 12-29-2012, 02:28 PM   #147 (permalink)
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While reading the Early Retirement forum I cam across this blog about financial independence. The "Monevator"

http://monevator.com/the-hidden-bene...ncial-freedom/

There are echos of some other Ratnet threads and posts in there.

"
You realise you’re thinking for yourself and that’s something to be proud of given societal pressures to conform. You’re no longer accepting the world as it’s presented by family, friends, and the advertising industry.
  • You stop looking for answers in the wrong place. A desire for power, status and trinkets is replaced by the values of freedom, fellowship, and a sense of true worth.
  • Perhaps most of all, you gain a sense of purpose. When you have a bad day, week or year, you know that it wasn’t for nothing… your efforts are still moving you towards your goal"
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Old 12-30-2012, 07:55 AM   #148 (permalink)
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It is about freedom. Freedom to live on one income, freedom to work that one job less. Freedom to make choices in life. Freedom from worry about increasing taxes, health insurance costs... Not because they won't cost me more money, but they will not cause a change in lifestyle, because we will only be consuming 50% of our income anyway. Freedom to have real choice, not pseudo choices that are heavily influenced by our decision to consume as much, or more, than we earn.
More important to me. To create a financial reality for my kids, that doesn't rely on debt, that has real value and priority at its center. To give them perspective when seeing how immoral and irresponsible society pushes you to be with what you are given. One has to look no further than our own govt for this. Its just difficult to teach financial responsibility, when you cannot manage to live within your own means, and demonstrate it, yourself. Its like teaching your children the dangers of smoking, while you light a cigarette. Debt isn't necessary, but you have to believe that, to make it true. Choices made today, will affect your ability to live within your means 10 years from now.


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Old 12-30-2012, 09:13 AM   #149 (permalink)
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Its like teaching your children the dangers of smoking, while you light a cigarette. Debt isn't necessary, but you have to believe that, to make it true. Choices made today, will affect your ability to live within your means 10 years from now.

Isn't that exactly what you are doing? You have a mortgage and yet you are going to teach that " debt isn't necessary" . Just like smoking while preaching about the dangers of smoking, no? I mean , I know you will quit tomorrow, or in 11 months but you yourself have proven that credit does in fact have a use, namely to build a house.

Plenty of people pay off their mortgage, many get a promotion. Most people have been in both situations in their life; In debt and paid off. Not busting your chops really. Hope this doesn't come across that way. I'm really just asking so what's the difference with you? I still say more power to you - but it just sounds like you are guy who is just doing the right thing for you, at this time - and likes to preach.
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Old 12-30-2012, 09:17 AM   #150 (permalink)
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Mortgages are often a necessary kind of debt, excessive credit card debt is not.
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