Yup. Debt is the killer. Keep your obligations small, because small obligations require small contributions...
Preparing for Retirement
- Thread starter Weedygarden
- Start date
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I only have a few debts other than Insurance, Insurance is a great racket and a lot of governments and services require you to have it.
Insurance companies changed the entire premise of insurance years ago, It was designed as a trust fund, not a public traded company.
Everyone paid their 10 cents and when one of them got sick they took the 10 dollar operation fees from the trust and paid the bill for them, it grew until the next person got sick.
Now it is just a risk game like a horse race and you bet on who gets sick and charge them more than what they will cost the pool over the years and collect when they die from their left over money all while getting rich from their money.
GOOD grift huh
Insurance companies changed the entire premise of insurance years ago, It was designed as a trust fund, not a public traded company.
Everyone paid their 10 cents and when one of them got sick they took the 10 dollar operation fees from the trust and paid the bill for them, it grew until the next person got sick.
Now it is just a risk game like a horse race and you bet on who gets sick and charge them more than what they will cost the pool over the years and collect when they die from their left over money all while getting rich from their money.
GOOD grift huh
- Joined
- Mar 29, 2013
- Messages
- 17,297
Retirment is really quite easy. Start early, save, invest and stay out of debt. Anyone can do it.
Only half of a family can do it in my experience. Me and my wife - can do. Her brother and my sister - no can do. My daughter - can do. My son - jury is still out, it doesn't look promising. But he does make a lot of money now so there's still hope.
Some people can't make a dollar without spending a dollar and a half. I don't know why it's so hard to understand that credit cards are the problem. Fancy houses and $90,000 trucks are the problem. Sometimes debt is necessary - not many people can pay cash for a home. But not many people really need a 4 bed/3 bath with a 3 stall garage in a new subdivision with a HOA. Instead of a new F150 Platinum, how about a 3 year old Camry? It'll last twice as long and cost 1/4 as much. Somehow we have decided that the crap we own is how we measure ourselves against others, and then when we reach our older years all we have to show for it is debt...
