posted on Feb, 11 2024 @ 09:42 PM
I know people who have megabills and lots of stuff and they think they are rich because they have a decent income.
The job can be lost in one day, the money you have can disappear from people who can hack your accounts but your mortgage and bills will not. They
are at risk of loosing everything. Stock values are dependent on belief of society, your bank accounts can be hacked, you can get sued by someone
even if you did nothing wrong, and even though you won, your lawyers fees are your responsibility many times.
It is easier to start over if you have no bills.
Your house can drop way down in value if there is a depression, but your mortgage does not. Your expensive junk can lose most of their value if
things collapse, if you have no debt, you at least can afford to keep them.
The economy is dependent on the belief of society and that can collapse if things go wrong, it has done that many times in history. Now unsecured
debt can be used to put a lean on what you own under certain conditions and most people do not realize they changed that. Even debts that someone
started in your name that went to court somewhere else in the country that a creditor sued you for. Make sure to have your county send you any
notifications of pending debts on your property and check if any has been added to your deed occasionally.
This country is turning bad when deceivers can steal from people so easily.
I am Rick, I prefer not to be called Rich even though my name is Richard. I am also Rickymouse.
edit on 11-2-2024 by rickymouse because: (no
reason given)