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I don't understand why you started with the quote from my last message.
Are you agreeing or disagreeing that it is beneficial to have savings in place? Seems the risk of illness etc. is another good reason to be financially stable w/o needing a daily 9-5 (either you may not be able to work, or expenses may overrun income)
Part of the goal is having no debt (including home loan)
Whether stocks and bonds are safe in the long run is a separate question from whether or not one makes an effort to be independent instead of relying on a paycheck.
Its funny how we assume society couldn't function without loans. If there is a credit crunch, don't live beyond your means.
In Mexico, there were two story homes with rebar sticking out of the roof.
As it was explained to me, people who couldn't get loans built what they could afford. Someday, when they save up more, they will go back and build the 2nd story
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Quote:
Originally Posted by Piwoslaw
A few months ago I returned home just as my neighbor pulled into his driveway. It was cold (around freezing) with some rain and sleet, and he yells to me: You rode your bike? In this weather?!?
So the other day we both returned home at the same time again, only now the weather is warm, sunny, with no wind. And I yell to him: You took the car? In this weather?!?
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