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Originally posted by unityemissions
My parents are loaded. I'm not. They pay the bills and give me an allowance of $20 daily. More than enough for my needs. A couple meals a day, and a few bucks in gas. I simply won't allow myself to pay into a system that I know is incredibly corrupt.
No credit cards. No bank accounts. Just a couple of tickets that I practice civil disobedience towards. I don't speed and keep a low profile, so hopefully I can keep my arse out of jail.
Originally posted by dodadoom
Thank you all for your posts!
And thank you for the hope! It is nice to see my fellow peeps on here "get it"!
Sweetpeanc, I know it sucks to do without all those things. But a larger world awaits! You are to be commended! Keep on, keepin on!
We have also been living within our means for a long time and it pays off.
Only now, we feel somewhat secure. That is a blessing nowdays and I sure
have a lot of jealous friends!
[edit on 2-4-2009 by dodadoom]
yes man got ahead by srewing man b over the same thing thats going on in the market right now. wierd ha.
Originally posted by 44soulslayer
OP I salute you for asking this question. It's the first time I've seen it on ATS.
For every 100 posters who whine about "the elite", "the rockefellers and rothschilds", "the evil bankers" etc... there is only one person such as you- who stops and thinks about other factors in the financial crisis.
As for your question, yep I live within my means. I'm lucky though... I physically cannot bring my self to take out credit- I know how it works and I would never take out any form of high interest credit other than a mortgage.
The world needs a paradigm shift. People need to start thinking that money is an absolute barrier. People must start living not only within their paycheck, but also start saving for a rainy day.
Thats the difference between the rich and the poor. That's the simple secret to becoming rich... don't spend money on unnecessary crap, and whatever money you save, invest it in money-generating assets.
Two men earnt $100 each. Man A went out and spent his money on a lavish meal, a clothes etc and was left with $20 of debt.
Man B spent within his means, spent frugally and saved profusely. He bought equities and bonds with his savings, which accumulated interest and earned him $20.
Imagine that pattern every day for the rest of their lives. Man A becomes the rich elite, enjoys his wealth. Man B becomes dejected, and starts attacking man A for his success, saying that he must have exploited someone or stolen something to get ahead.
Originally posted by Missing Blue Sky
Mortgage...literally translated from latin means death pledge.
mortgage (n.) 1390, from O.Fr. morgage (13c.), mort gaige, literally means "dead pledge" (replaced in modern Fr. by hypothèque), from mort "dead" + gage "pledge;" so called because the deal dies either when the debt is paid or when payment fails. O.Fr. mort is from V.L. *mortus "dead," from Latin mortuus, pp. of mori "to die" (see mortal). The verb is first attested 1467.