Home Forums Hunting & Shooting Hunter's Campfire Are you a Millionaire?

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.

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.

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.

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

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.

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?

If you have the horsepower to do that you will win "bigly"

This,
Start flying first class; if you don't
Your kids will.

Then when interest rates increase you sell those rentals and carry the note.... magic mailbox ... woohoo

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.

There are carrying costs. And risks including market dynamics.

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

Wouldn't the house be worth the same if you didn't have the mortgage?

Every investment has risk.... I don't understand your point

Why don't you run along and play? There are MEN talking here.

give this man a cookie....bob

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

Don't envy anyone with wealth. Hate the way the tax system favors a few at the expense of many.

I dont understand his point either....bob