1) Spend less than you earn
2) Avoid Debt
3) Build in a cash cushion
4) Have a long term plan
5) Remember it all belongs to God, you’re just entrusted with whatever He thinks you can handle.
Now, who would have a problem if they followed these rules, even just the first 4, if you’re not “of faith”?
Not only can we not legislate away stupidity and greed-
now we are being told it is our patriotic duty (and our children's) to subsidize it.
When I was a Realtor we sold people houses as places to put down roots and live, not as speculative investments.
Having lived through the house crash of the early 1990’s, anyone planning to move in 5 years was better off renting
But people got greedy and now many they think they can just walk away from their houses and give Uncle Sam (me and you) the keys. Lot of em are the same folks busting their butts to pay $600-$800 a month in payments on new cars and trucks that depreciated 30% the moment they drove them off the car lot
How are you today? Me, I’m doing better than I deserve!
;-)