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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Dec 2004
Posts: 9,341
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 9,341 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions Yes that's the way it works for the masses. Also how the government taxes the hell out of the masses in property tax year after year but let's the special wealthy ones holding capital assets pay nothing on their appreciation of assets.
The end of democracy, and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.
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Joined: Jan 2003
Posts: 891
Campfire Regular
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Campfire Regular
Joined: Jan 2003
Posts: 891 |
Yes. A few times over. But I still don't go crazy on spending money on something that decreases in value like new cars or trucks. By good used when you can. That includes boats, campers, etc. We travel, eat well ,and have our health so no complaints here.
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Joined: Dec 2005
Posts: 4,174
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 4,174 |
No debt is the BEST position. That means every dollar you would have to pay out to service debt is now available and can be used for investment instead.
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Joined: Aug 2009
Posts: 3,026
Campfire Tracker
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Campfire Tracker
Joined: Aug 2009
Posts: 3,026 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. what about financing rentals etc yourself?....take your money and build rentals or what ever and have a cash flow but no mortgage pretty much all positive cash flow....bob
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Joined: Nov 2005
Posts: 6,168
Campfire Tracker
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Campfire Tracker
Joined: Nov 2005
Posts: 6,168 |
No debt is the BEST position. That means every dollar you would have to pay out to service debt is now available and can be used for investment instead.
Actually I would say Interest free debt is the best position, It devalues with time and the cash that you would have used to pay it off can be used to appreciate in investments.
The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to public welfare, is only a species of legalized larceny. Under this Republic the rewards of industry belong to those who earn them. Coolidge
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions Yes that's the way it works for the masses. Also how the government taxes the hell out of the masses in property tax year after year but let's the special wealthy ones holding capital assets pay nothing on their appreciation of assets. You would be much better served if you spit out the class envy/hate the rich koolaid and employed some good investment strategies and maybe you to could be successful?
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. what about financing rentals etc yourself?....take your money and build rentals or what ever and have a cash flow but no mortgage pretty much all positive cash flow....bob If you have the horsepower to do that you will win "bigly"
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: May 2008
Posts: 128
Campfire Member
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Campfire Member
Joined: May 2008
Posts: 128 |
This, Start flying first class; if you don't Your kids will.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. what about financing rentals etc yourself?....take your money and build rentals or what ever and have a cash flow but no mortgage pretty much all positive cash flow....bob Then when interest rates increase you sell those rentals and carry the note.... magic mailbox ... woohoo
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Dec 2005
Posts: 4,174
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 4,174 |
No debt is the BEST position. That means every dollar you would have to pay out to service debt is now available and can be used for investment instead.
Actually I would say Interest free debt is the best position, It devalues with time and the cash that you would have used to pay it off can be used to appreciate in investments. Any examples of this, other than "0%" car loans? Yes, I've known people who attempted games with 0% credit cards and flipping debt while trying to obtain gains with the loan proceeds to "win" but either lost or damaged their credit standing.
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Joined: Dec 2005
Posts: 4,174
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 4,174 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. what about financing rentals etc yourself?....take your money and build rentals or what ever and have a cash flow but no mortgage pretty much all positive cash flow....bob There are carrying costs. And risks including market dynamics.
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Joined: Aug 2009
Posts: 3,026
Campfire Tracker
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Campfire Tracker
Joined: Aug 2009
Posts: 3,026 |
what is wrong ...if anything with a reverse mortgage?.....you get to pull equity out of your house and live in it as long as you want....just another tool to add to your ss etc....bob
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions Wouldn't the house be worth the same if you didn't have the mortgage?
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. what about financing rentals etc yourself?....take your money and build rentals or what ever and have a cash flow but no mortgage pretty much all positive cash flow....bob There are carrying costs. And risks including market dynamics. Every investment has risk.... I don't understand your point
Last edited by irfubar; 12/18/21.
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions Yes that's the way it works for the masses. Also how the government taxes the hell out of the masses in property tax year after year but let's the special wealthy ones holding capital assets pay nothing on their appreciation of assets. Why don't you run along and play? There are MEN talking here.
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Joined: Aug 2009
Posts: 3,026
Campfire Tracker
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Campfire Tracker
Joined: Aug 2009
Posts: 3,026 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. what about financing rentals etc yourself?....take your money and build rentals or what ever and have a cash flow but no mortgage pretty much all positive cash flow....bob Then when interest rates increase you sell those rentals and carry the note.... magic mailbox ... woohoo give this man a cookie....bob
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions Wouldn't the house be worth the same if you didn't have the mortgage? Consider if you bought more house than you have cash and financed the balance..... For example the appreciation on a million dollar house is much more than a 500k house and you get to keep that appreciation, ergo inflation is making you wealthier as is leveraged money via a mortgage
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Dec 2004
Posts: 9,341
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 9,341 |
Inflation destroys savers.....
Yet if you hold valuable assets , inflation can make you richer....
Fixed, low interest rate debt is your friend during inflation. Correct.... a simple example most can relate to... you have a 30 yr mortgage at 3% yet inflation is 5% year after year.... well in 20yrs your monthly payment will be really cheap and your house will have doubled or more in value. A person has to adapt his investment strategy according to current conditions Yes that's the way it works for the masses. Also how the government taxes the hell out of the masses in property tax year after year but let's the special wealthy ones holding capital assets pay nothing on their appreciation of assets. You would be much better served if you spit out the class envy/hate the rich koolaid and employed some good investment strategies and maybe you to could be successful? Don't envy anyone with wealth. Hate the way the tax system favors a few at the expense of many.
The end of democracy, and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.
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Joined: Aug 2009
Posts: 3,026
Campfire Tracker
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Campfire Tracker
Joined: Aug 2009
Posts: 3,026 |
I dont understand his point either....bob
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