ok- not a real post- just some random musings to try and get my butt into gear on a series of posts I’ve been kicking around.
So, a little background. I’m mid 40’s. Currently rent my home- but high likelihood we will buy it in the not too distant future. I have zero debt – or near enough (I usually pay off my one credit card in full 10 out of 12 months, more then 50% the other 2). I own outright my (old) truck. And am looking to buy a much newer used truck, outright, in the very near future. I was raised on the old addage of “neither a borrower nor a lender be”; though I’ll admit I do better with the former then the latter.
And I guess I was also raised with the idea that the only things you went into debt for where the home for your family. Possibly growing your business. And, worst case scenario, emergencies for your loved ones.
And I still have, just slightly below, “good” credit. Largely because I never played that game (in my late 20’s, setting up a bank account for the first time in 15+ years, I had a banker tell me to my face “you don’t exist”. (My reply: I’m standing right in front of you ******* )
And yet I have friends with stellar credit. Who have $30K-$100K in student loan debt. Who have cars owned by the bank. Who have insane credit card balances. Who, more then not, earn less a year then I do.
So I guess the thrust of my coming posts will be about the financial “reality” we have built in this country. Where taking on debt is “good” and forgoing it is “bad”- regardless of what it is for. A system where if you aren’t enriching the bankers- you are a bad person.