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user removed · 04-18-2016, 09:15 PM

US national debt.

1928-$28,000,000,000
1945-$250,000,000,000
1971-$1,000,000,000,000
Today-$19,000,000,000,000

The US used to use debt to fight wars. Now we use debt to buy votes and WE don't even get to choose whose votes we buy, we just get the bill that we can never pay.

If you can use debt to INCREASE your net worth then in my opinion, it could be worth it. I wanted to hock the house at 3% and buy 10,000 shares of Dominion Resources (utility company) that was paying 7% in March 2009 when the market was at $6500 (once in a lifetime opportunity). It was my retirement income plan. Today the dividends would be about 12+% and the stock would be worth over twice, maybe 3 times what we paid for it (haven't checked lately). Pay off the house and make $1000+ a month forever (not an annuity).

She wouldn't sign the note, so now she gets to pay most of the bills. She makes 4 times what I do due to gov't job with numerous benefits. If we split I get half of her retirement income and she gets half of the equity I built up in two houses. She would be better off if I was dead, so I keep my ammunition well hidden.

I just checked.
Dominion/ $72.07 dividend $2.80
March 2009 price $28.70
Our net worth would have passed 1 million dollars.

regards
mech

04-18-2016, 09:15 PM	#29 (permalink)
user removed Master EcoModder Join Date: Sep 2009 Posts: 5,927 Thanks: 877 Thanked 2,024 Times in 1,304 Posts	US national debt. 1928-$28,000,000,000 1945-$250,000,000,000 1971-$1,000,000,000,000 Today-$19,000,000,000,000 The US used to use debt to fight wars. Now we use debt to buy votes and WE don't even get to choose whose votes we buy, we just get the bill that we can never pay. If you can use debt to INCREASE your net worth then in my opinion, it could be worth it. I wanted to hock the house at 3% and buy 10,000 shares of Dominion Resources (utility company) that was paying 7% in March 2009 when the market was at $6500 (once in a lifetime opportunity). It was my retirement income plan. Today the dividends would be about 12+% and the stock would be worth over twice, maybe 3 times what we paid for it (haven't checked lately). Pay off the house and make $1000+ a month forever (not an annuity). She wouldn't sign the note, so now she gets to pay most of the bills. She makes 4 times what I do due to gov't job with numerous benefits. If we split I get half of her retirement income and she gets half of the equity I built up in two houses. She would be better off if I was dead, so I keep my ammunition well hidden. I just checked. Dominion/ $72.07 dividend $2.80 March 2009 price $28.70 Our net worth would have passed 1 million dollars. regards mech Last edited by user removed; 04-19-2016 at 08:27 AM..