Everything I have I own out-right

give yourself a pay raise by making your home more efficient.

boomer here.. we did use a lot of credit, but it worked out in the end. But if rates stay low, borrow all you can and and worry about paying it later.

I've got no debt and I save for everything I want to buy too. My savings are about two years wages.
Could save more but I fucking hate banks.
How do I get out of the banking system?

People will shame you for literally anything if it doesn't conform to "what they would do if they were you".

>be me
>hit the jackpot and land a girlfriend who wants nothing more than to have a large family
>but we can't afford it
>hit the jackpot again, reclusive and pretty much autistic uncle dies leaving me a small fortune through years of playing the stock market with savant like success
>several million dollars
>every friend "wow you're so lucky, you can just spend your entire life traveling all around the world to occasionally come back to your City penthouse"
>"actually all we want is to get a home in the country and raise 5 or 6 kids, hell maybe even more."
>"oh... thats... ok..."

WHY ARE NORMIES SO OBSESSED WITH TRAVEL WHEN THEY HAVE EXCESS MONEY, WHY AM I SUCH A WEIRDO FOR USING THIS MONEY TO BRING THE ONE THING WE BOTH CRAVE ABOVE ALL ELSE. FUCKING NORMIES REEEEEEEEEEEE

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Well done Ausbro fuck THIER system

normies only care about becoming Liveleak superstars.

Fucking shitty Aussie internet, its so bad it doesn't even know what country I'm in

you're living my dream, congratulations user, please be happy for me

We have been conditioned to waste

I rent, property prices only started softening this year in Melbourne, they're down about 5.5% from this time last year.

Everything I own, every holiday Ive been on, it's all been paid in cash. I have a pretty nice home-gym setup worth about $8k, a bleeding edge gay-ming PC, and miscellaneous household shit all that I bought in cash.

I am currently just hording money to buy a house, as that's the next thing I am interested in purchasing, prices going down is a good thing. I am thinking long-term though, I want a house, not an apartment, apartments are more expensive in the long-run with all the bullshit you have to pay for the "benefits" of living in a new high rise with a bunch of yuppy cunts.

It is a known fact that irresponsible people instinctively shame responsible people because it exposes their own irresponsibility.

>sober people are shamed into drinking
>healthy people are shamed into binging/eating shit
>financially responsible people are shamed/pressured into taking on excessive debt with no backup plan, almost as a right of passage.

I'm here to tell you kid: you're on the right path. You will encounter stupid, short-sighted, irresponsible people your entire life. Make peace with that and keep building your wealth.

And don't forget to enjoy your wealth once in a while too.

own car, no debt from STEM degree, 60k saved - about to blow it all on a house and get fucked with taxes. feels no different than when i was paying off my debt. it feels better when you hit your goal...but then its the same, really.

KEK

since you gave him some solid advice I feel like I should pass on the favor and give you one

STOP

REDDIT

SPACING

LEAF

I always pay cash for my male prostitutes. No intercourse, I am only interested in performing oral sex on them. Just the penis. And the balls. That's my focus.

I enjoy the way it feels in my mouth.

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Most people suck with money. Crabs in a bucket.

Except for paying rent.

That's as goy as you can get. At least with a mortgage, you can write your interest off your income (in most states).

Paying rent is nigger as shit.

Stop paying rent as fast as you can.

This is America.

That's awesome that you have a long term goal, though. Keep chipping away, you got this.

>That said, why am I constantly shamed and made fun of by everyone for doing this?
Because Jews have propagandized everyone into thinking debt is okay. I'm a little less stringent than you, I do use a credit card (I never carry a month-to-month balance but I like the points and the ability to use in multiple countries) and I have about three months of living expenses in liquid savings.

I, too, am often mocked for being "cheap" because I live within my means and prepare for the possibility of an emergency. This is a symptom of a deeply sick culture.

I don't post on reddit so:

WHAT

IS

REDDIT

SPACING

AND

WHY

DOES

IT

MATTER?

yea, but for the first five years or so your principal per month is like 250....the other thousand+ is right into the hands of (((interest)))....you get fucked either way, and if you dont pay taxes, see what happens. paying fucking 6k MINIMUM on a 200k house. jew jersey fucking BLOWS. sanctuary state, what a fucking concept

>Graduate from uni last year, making 70k out of school
>1 Bedroom condo on the subway line is 500k
JUST

My rent is controlled and I'm only paying $550 all in because I share with someone and have for 5 years. Fuck buying ath in the Toronto real estate market.

>WHY ARE NORMIES SO OBSESSED WITH TRAVEL WHEN THEY HAVE EXCESS MONEY
Television. The funny thing is that normies don't even make the most of it when they do travel, often they'll go to a Caribbean country and see nothing of the country itself other than the drive from the airport to the resort.

>your parents are typical boomers
never spend more than what you earn. Ezpz

>My parents started using credit cards in the 1990s, now they have $200,000+ credit card debt
And when they pass away you'll inherit it :`

Did you miss the "fast as you can" part?

Put an extra $150, 200, 300 in that payment.

While you're the right - the ammortization table favors credit HEAVILY on the front end, it also hits the principal hard and fucks up that interest program. Do that for 5-6 years (no exceptions) and re-evaluation. You'll be shocked.

It IS possible to outjew the jew.

>That said, why am I constantly shamed and made fun of by everyone for doing this?
I am in the same boat, however my parents were never in debt. My father refused to use credit cards for anything. He raised me teaching me about economics being a game. Sure he had a credit card or 2, but he ONLY used them infrequently and paid them off on the next bill. Christmas purchases or gas on vacations are the only times I can remember him using them. One of his quotes that stuck with me:
>If you can't afford it you don't need it.
It is simple, but most people reeeee whenever I type it out. When you have a limited income as a majority of people do, you quickly realize what you want and what you need and how separated they are. I play the credit game a bit. I have 2 vehicle loans not totaling more than $4k right now. I use them instead of credit cards to keep rolling credit just in case. I own my house because I bought a fixer-upper in a rural area for next to nothing. Sure its not perfect, but it has 6 bedrooms. It needs work, but who gives a fuck because I own it. I don't give a fuck who judges me. I still have a CRT Console TV in my living room, and still play N64 on it with my kids.

>Your money is debt, retard
It is mine with no strings attached. It represents my labor in exchange for goods and services. My debt is the $4k I owe on credit cards, which my bank gladly allows me to repay on a monthly basis. I play the stock market a bit with a few retirement plans. I have a pension and annuity. I also buy silver and gold. They are not "get rich quick" schemes, but they are hard to track for tax purposes, and easy to liquidate. They will always have value.

then they will come back and talk about how amazing the people were and why we need to let them in. not realizing that resorts are carefully managed green zones which have been carved out of literal hell itself

Don't tell me people still watch television in the current year? Fuck

Preserve your earnings. Invest in metal. It's very easy to do here and you're an absolute fool if you don't, especially if you sit on (i.e. 'save') cash. This is the only sure fire means to preserve your earnings and not have it erode by way of inflation and an ever weakening dollar.

>My debt is the $4k I owe on credit cards
Car loans. Not credit cards. I was fixated on the OP's conversation about his parents credit cards.

Normies do, fuck if I know why. Everytime I have the misfortune of being near a television it's either home improvement shows, sports, or travel shit.

I suppose the argument is you don't have to pay debt if you die??

Stop LARPing and set up automatic payments on a credit card when you have big purchases like a normal fucking person.

>especially if you sit on (i.e. 'save') cash.
This is actually true. As much as I respect OP for his frugality, having more than a couple months of liquid cash sitting around is just asking for it to be stolen by jewish inflation and money supply manipulation.

>scared shitless of ever taking on any kind of debt
that's called wisdom, user.

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paid my house off in 4.5 years and have had the same car for 20 years, I have 5k in credit card debt 3k of that is because of Obamacare.

not paying interest is how we defeat the Jew.

>constantly shamed
lol bullshit, you dont have friends and you dont go outside

Not exactly, the debt will be paid from out of their estate. However if debt > assets then you won't actually inherit the debt. Still leaves boomers being retarded and not giving their family a boost after they die, but you can't be made to be worse off.

K, then give me all your money.

yeah you're right, but you know what he fucking meant too retard.

ok - you can put that DIRECTLY into principal sum remaining?

how does writing off interest work...thats a LOT per year, so does that mean you get that money back via taxes? or will basically pay no taxes?

thanks for the helpful posts brother

you don't know what your flag means do you.

side note here too, it's only a fraudulent sale if you plan on defrauding creditors within two years of your sale. for instance, start taking valuable items from your folks when you think theyre gonna die soon. namely, stuff that has a paper trail.

No, boomers were raised in an time when nothing ever went wrong economically. My mom bought a townhouse with help from my grandfather and then charged rent to 4 of her friends and that covered her mortgage payment and paid for her tuition.

You’re on a list somewhere. Same.

friendly reminder that when you pay off a home the insurance policy is automatically cancelled without you knowing.

no way

his flag means his true location isn't visible.

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tis true

Lies, but you are now responsible to pay your property taxes, make sure the bill gets mailed to you instead of your former mortgage co.

>You're not shamed and made fun of for doing that You're lying.
>...
>"then you are just plain weird."

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>money
>representing anything
And there's your problem. If there's a paradigm shift, your money is useless to you. On the other hand, that same type of paradigm shift would make your debt useless to your debtors. Thus, by having debt, you have the upper hand over your debtors. "Interest" is simply a service charge for the luxury of having the upper hand.

Obviously, having too much interest isn't gonna bode well for your finances long term, but sometimes opportunities to invest liquid wealth arise—and these opportunities occur more often than you think.

tldr; it's not just how much wealth you have, it's also about when you have it, and sooner is sometimes better than later.

so this begs the question: how long into my mortgage/insurance policy do i wait until i burn the motherfucker to the ground to maximize insurance profit? like, wait at least a week or longer?

You can save money by using credit cards if you trust yourself to pay them off

Cards will typically offer cash back cards at 1-5% (depending on whatever deal they have) and these cards will also be low fee or $0

If you use them and pay off the cards immediately you pay no interest and at the end of the year you get some money

This. Frequently taking on or keeping debt is actually superior to having no debt, for example, taking a mortgage instead of paying cash for a house because you want to invest that cash in something (basically any investment including a bank account, usually) with a higher yield than the interest on the mortgage. In other words the game isn't being debt free, but having assets greater than liabilities.

it's true, people see their bills go down after payment and don't notice that insurance is no longer taking a cut. A family of mine had this happen and was without insurance for over a year. And there is also this bullshit policy they have that if your home is uninsured for longer than 30 days then they will treat you like the plague and not cover your home/ and or drop coverage after realizing.

the fact that nothing in this post is factually incorrect means our entire society deserves bullets and fire.

My parents were cool in that they fell for the credit card meme when they were younger but around 2000 when they realized "holy shit we exist in a perpetual state of owing about 25k" they started working to get rid of the cards for good. Few years later and they were completely free of them.

Debit cards are the true redpill, never spend money you don't actually have.

i don't do insurance fraud

Good on you, OP.

That being said, I have no debt and still have a credit score of 740.

So i’m Jewing while anti-jewing the Jew just because the Jew jewed me for a little bit.

Still have property taxes but there’s Ag exemptions for that.

Me 2 OP.

I have a 40,000$ HSV sitting in the garage that i payed cash for.
Iv never had a credit card
I got into shit loads of debt at 18, it ruined my life and made me depressed. Once i payed it off i never got a single thing on debt again. Not a loan a high purchase or even a lay buy. If i want something i save until i have enough to buy it.

I dont waste my money on travel or partying anymore and i like to have savings in the bank for a rainy day.

Doing everything above has meant i dont have to work full time. Hell i could NEET life for years and not have to worry about a thing. Meanwhile everyone around me is in so much debt, they live pay check to pay check.

Money is debt owed to YOU, you dumbass commie. That is clearly not what OP is talking about.

Well the terminology is incorrect for starts

Creditors own debt
Debtors owe debt

>committing arson a week after taking out an insurance policy
>you will never have balls this big

Why live?

Lol @ afraid of debt. Ive filed bankrupcy twice the credit jews still give me cards because they need to write off some loses by april 15. You dumbfucks. LITERALLY DONT PAY IT BACK ITS NOT AGAINST THE LAW.

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You can link a prepaid cc to a paypal account in any name you wish and biy things in most places that wont allow prepaid cards.
Also a good way to frame someone for buying illicit goods lol

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This is what they don't want people to realise. Once you are debt free, and very comfortable, your mind is at ease and nobody owns you anymore.
Rich people are not usually very happy. They will try to tell you they are, but if you get close and see inside their life it's neurotic turmoil.

Hey, fuck them. I'm debt-free and on my way to saving for a down payment on a house. 20% on a house and $400.00 monthly payments is a breeze. I own a small arsenal, a library, and I have a decent vidya rig.

Lord willing, I can get my own house by the time I'm 30.

You fucked everything up by living on credit. Fuck credit and fuck debt.

Yep, not all debt is bad debt.
>$130,000 mortgage @ 3% interest
>Rent it out for $950/month
>Call it $750 after fees and taxes and upkeep
>$750 x 12 = $9000
>Earning almost 7% interest to yourself on a 3% interest loan to the bank
>Not counting the value of the condo going up
Debt is good when you can get loans for something that brings you more money than the interest on the loan costs.

But obviously car loans and credit card debt is just pissing money away for nothing.

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>tfw the only way to save money nowadays is to be a porn addict

Normies want to "live the high life".
That's why they end up as debt slaves by 30.

I still spend and order a bunch of shit from Amazon each month but still have like 2k in savings.
Currently thinking about slowly buying property in the countryside in my homeland to set up a "private nature reserve" so I can go in a woods and say screw you to taxes.

No more than what your flag means in this day and age. The U.S flag used to mean, freedom, democracy and independence. Now it means a cash grab by migrants. A feminist techno-state and a Zionist militant nation.

Misery loves company. People are upset they did not make smart decisions like you, so they simply put you down to make themselves feel better.
Just so you know, these people who put you down actually envy you

I purchased my own insurance the entire time I had a mortgage it's only 31.84 a month currently. if the mortgage co is providing it for you that is a red flag that they are worried they will get screwed if the place burns down and it is likely overpriced and you are also likely paying more for the house that it is worth. a lot of real estate is a huge scam.

Look for credit unions in your are instaed of a bank

What are you doing goy? You can get even nicer things with credit.

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Ive been stashing crash and destroying my credit for 10 years. No shit. 2 bankruptcies, they still give me cards with 1,000 limits. Ill naver pay it back, i’ll simply file for bankruptcy over and over.

>but sometimes opportunities to invest liquid wealth arise
Which is why I spend excess "cash" on silver and gold coins.

>But obviously car loans and credit card debt is just pissing money away for nothing.
Not necessarily. You might not be directly having those purchases pay for the debt, but that money still might be more productive for you somewhere else.

Dont you ever fucking think for a goddamned minute that what you're doing (if you arent bullshitting) is not worth it. That is the dream of the new culture. You are apart of the new culture

Normies are fucking retards who care what others think/ what kikes tell them to believe
I am happy for you user, go on and enjoy living my dream fren
Make sure to red pill them children you cunt
Name one of your sons after me, Alex

You should still keep credit cards and just pay them off in full before any interest ever accrues.
This way you don't get into debt but you still have access to the credit line if an emergency comes up and your (((credit score))) goes up so you can get better loans in case you ever choose to start a business or buy real estate.
Also cash back is literally free money and credit cards come with other perks like no fraud liability and easy chargebacks.

Dave Ramsey plan, desu

just walk up to the insurance company and yell FUCK YOU PAY ME

the homes were pre collapse relics. so what you say makes sense

Having just a couple months of cash is asking to get buttfucked.
Losing a little bit of money to inflation is the price you pay for not having your gold or cash stolen, your debt based business failing, or other possibilities.
If you can get a high interest savings account or term deposit that matches inflation rate or close to it then you won't lose money.
You should also be working to increase your pool of funds, and the slight loss to inflation won't be too noticeable. I agree it is annoying though.
Also, I know a guy who has 200k of gold and silver stolen from his house so there's that. You can put it in the bank but then you pay for the storage of it too. Or keep it at home and you pay for the safe and it's still a risk.
Whatever you do, there are either losses, or gambles. That's life.
I was sitting on a nice chunk of cash and getting sick of it feeling like deteriorating so I bought a reliable low yield business just to hopefully stop bleeding. I don't want to be rich, I just want to own something other than cash which does feel like it is at the whim if inflation.
All this being said, I think cash will be king again in the next recession, so I've kept a reasonable amount of that too. And kept my job, because you would be silly to give up stable high paying work.

>I rent
this would be a reason to borrow money to put down on a house. you will end up having to pay interest on the mortgage, but it will be going toward something that you own rather than you pissing it away on rent.

you should also have a credit card and buy things on it, and repay it every month to build credit and credit card points. the reality is prices already reflect the finance fees charged by credit card companies so by not using credit cards and collecting points you are losing out - unless ofc you go to places that have cash discounts.