XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 02/07/2011 4:40 PM, John Fleming wrote:   
   > On Sat, 02 Jul 2011 11:02:23 -0600, while chained to a desk   
   > in the scriptorium Canuck57  wrote:   
   >> $On 01/07/2011 8:12 PM, merlin! wrote:   
   >> $>  Canuck57 wrote:   
   >   
   >> $>>  The big key though is get out of debt.  The only part you can control.   
   >> $>   
   >> $>  I think you will find that it actually isn't that easy for the average   
   guy   
   >> $>  to stay out of debt. Things have been arranged.   
   >> $   
   >> $Debt is a trap for many, but they real do it to themselves.  Never even   
   >> $heard of a dysfunctional debtor that didn't do it to themselves.   
   >   
   > Good point.   
   >   
   >> $Chances are, if your credit cards haven't been paid in full every month   
   >> $of the last 59/60 months you have a use of credit problem.  Maybe bought   
   >> $a home, or cars you could not afford.   
   >   
   > Maybe not even that.  Just ran up a big balance on the   
   > credit card and didn't bother making more than the minimum   
   > payments.   
      
   Yep, that is how it starts.  Booze, TV, pot, iPad, car, gotta   
   have-have-have until they get you hooked on debt as slavery.   
      
   Take a lousy credit card balance of say $5000 per month, and that is   
   small for debt worshipers.  $100/mo in carry charges.  Put that in a   
   TFSA @ 7% for 40 years starting at 20, at 60 years of age it is worth a   
   cool $275,000 tax free!  Yep, just pissed away on bank service charges.   
      
   Too bad they didn't teach this in high school.  Ok, they did,   
   arithmetric and geometric progressions but most probably slept through   
   the practical applications of such.   
      
   But todays computer Excel or Open Office makes it easy.   
      
   >> $Debtors with debtors disease have all sorts of excuses.  Trick is plan   
   >> $your debt carefully with a solid plan to pay it off quick.  Or don't buy   
   >> $in.  And at some point, get out of debt completely and start paying   
   >> $yourself to become well off.  Amazing the cash flow when home, car and   
   >> $everything has been paid for for 20 years.   
   >   
   > I can anticipate that.  In fact, I can tell just by looking   
   > at a budget report how much money I spend on mortgage   
   > payments.  I can also tell, just by looking at the budget,   
   > the dollar value these paymentss eat up.  I could pay for a   
   > lot of groceries with that money.   
      
   Yep.  Sure does.  But the day you have it paid in full, is the day you   
   pay yourself to live there.  It is priceless as wealth expansion goes   
   nuts when you have no debts and pretend to make payments to your own   
   "get rich" fund.  All the former interest payments, now yours because   
   you truly OWN your own home.   
      
   --   
   Government isn't the solution to the bad economy, it is the problem.   
   ------   
   In Debt We Trust!   
      -- Obama and the democrats, world record in debt incursion.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)