Quote:
Originally Posted by Smokin Joe
Follow nmap's advice....
Decrease your debt and increase your equity. Once you have maxed those out rat hole as much cash as you can.
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Made sure to get the cheapest home in which I could still manage to raise a large family.
(the theory being "live beneath your means")
Always pay the same amount extra on my mortgage, rain or shine.
(it's the "pay yourself first" principle)
When inflation was going nuts, we lived as cheap as possible, worked as much as possible, and ran in the black.
Once the economy collapsed, we took vacations, worked as little as was feasible, made "opportunity" purchases, and ran in the red.
Inflation looks like it's coming.
We've gone back to living cheap and working more.
A broker friend of mine had a simple statement on our strategy: "banks hate people like you."
