> jingles wrote:

>> Jean B. wrote:

>>> Bigbazza wrote:

>>>> I found this to be terribly interesting when I read it today...So
>>>> thought I would post it...I have warned that it is very long..
>>>> Around 57 KB.
>>>>
>>>> This pamphlet was written anonymously, because the identity is not
>>>> important to the article.
>>>>
>>>>
>>>>
>>>> How to Avoid Debt Slavery
>>>>
>>>> by Anonymous
>>>>
>>>>
>>>>
>>>> Introduction
>>>>
>>>> I am very unusual. I have almost no debt (I still owe $8,000 on my
>>>> house-but
>>>> I have only been a homeowner for 2 years). I have no car loans or
>>>> credit
>>>> card balances. Our expenses our low, so I can work at a job that I
>>>> actually
>>>> enjoy doing. My job is not high-stress, nor do we have to worry
>>>> about our
>>>> bills. My wife can stay home to raise our family, because no banker
>>>> overlord
>>>> forces us to do otherwise. And that is despite the fact that three
>>>> years
>>>> before this writing, I had only $300 to my name. But at least my
>>>> lack of
>>>> money was matched by lack of debt. So yes, we can all live debt-free
>>>> if we
>>>> really try. It takes hard work, planning, ingenuity, and self
>>>> discipline -but those things, too, can become second-nature with
>>>> practice.
>>>>
>>>> This pamphlet was written to help people in all walks of life to
>>>> learn the
>>>> truth about interest, and how to free themselves from Debt Slavery.
>>>> [snip]

>>>
>>> Forwarded to myself for further contemplation. Thanks, Barry.
>>>

>> When my husband was suddenly made redundant, we were fortunate enough
>> not to have any debts. I was older than my husband so I retired
>> before this happened and we wisely used my superannuation pay out to
>> clear the last of the mortgage on the house. He was too old to be a
>> candidate for reemployment or retraining,but not old enough to be
>> granted the old age pension so unemployment pay was all we had.
>> jingles

>
> Have you managed to keep out of this kind of debt?
>
> I got a lesson when I was in college and overspent. Since then, I have
> not used credit cards. I don't plan to have a mortgage on my new
> house.... I wonder whether I'll end up having to get some kind of
> reverse mortgage when I am in my dotage. I'd have to do alot of reading
> before then....
>