Where Your Dreams Become Reality
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Subject: RE: I'm Joe 6-pack: Can I just kick my fiscal responsibilities (the "can") down the road like the federal gov't.
Not sure what you're getting at. Being a slave to the Financial System is what happens when you OWE money to lenders. Once you no longer owe money to lenders (including a paid for house) and you have more than enough income coming in (from investments and social security) to more than support your desired lifestyle, then you are financially free. Social Security is just gravy, so best to plan to support your wanted lifestyle on investments only. If you WANT to work after all that, then you can, but financial freedom means you don't have to.
Of course you can. People do that all the time. Go into debt. Declare bankruptcy, carry debt with you until you die for they can't collect beyond what you own after that.
What do you lose if you behave this way?
2) Financial Freedom.[/quote]
Maybe only Integrity is at stake. Being a slave to the Financial System isn't necessarily "Freedom". True Financial Freedom comes when you live in a way that you don't need the system to make your world turn. It will required being satisfied with less at the beginning of the endeavor, but.......[/quote]
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