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To: where's_the_Outrage?
I aspired to be debt free, and really made later life choices easier.

Yup, being debt free makes retirement that much better (much less worrisome).

I advise everyone, young or old, to get out of debt. More work and saving up front but it's the definition of prudent money mgt and quite comforting.

11 posted on 01/14/2024 12:03:06 PM PST by Seaplaner (Never give in. Never give in. Never, never, never...in nothing, great or small...Winston ChurchIill)
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To: Seaplaner

And especially for young people, remember that Compound Interest is “The Eighth Wonder of The World”. Don’t wait until your 30s and 40s to start saving, every little bit you can save in your 20s, will make a huge difference.


49 posted on 01/14/2024 1:20:01 PM PST by dfwgator (Endut! Hoch Hech!)
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To: Seaplaner

I paid cash for my last home. Knowing that I would soon retire (which I’ve done).

Google tells me the average mortgage payment today is $2,883. I can’t imagine making that payment while retired.


63 posted on 01/14/2024 3:05:10 PM PST by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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