Owing money = ownership by your debt holder

[crockett]

If you owe someone money you can not pay off at any given moment, it means you are owned by the debt holder. You might be able to make your payments with out struggle but you still have a price tag on your head.

How does that make you feel to be owned by a mortgage payment, car payment, credit cards, business loans, ect..ect? How many of you can live debt free and be self sufficient? Self sufficient meaning you can live your life with out acquiring debt to others?

[Bladewire]

Indentured servitude to the government is real: federal student loans & tax debt

Servitude to banks & credit card lenders is worse but at least you can bankrupt it

"Indentured servants were men and women who signed a contract (also known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to Virginia and, once they arrived, food, clothing, and shelter."

Are you working to provide yourself food, shelter & clothing?

[crockett]

Indentured servitude to the government is real: federal student loans & tax debt

Servitude to banks & credit card lenders is worse but at least you can bankrupt it

"Indentured servants were men and women who signed a contract (also known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to Virginia and, once they arrived, food, clothing, and shelter."

Are you working to provide yourself food, shelter & clothing?

Working to provide food, shelter & clothing is not really being owned by anyone. You are simply providing for your basic needs, basic needs required for your existence. If you require debt to cover those basic needs, like a home mortgage then you are under ownership or servitude as you put it.

I require no debt for my existence and I carry no debts, but it doesn't mean I don't have things or don't work or don't use credit cards for example(I just hold no balance). I can live fine from the profits of my business for example, but I do also sometimes take short term jobs. I think it's good to do actual work from time to time because it lets you learn new things, meet people and remember how much the daily grind sucks after about 3 months..

[crockett]

Now to add to this, there are other forms of ownership other than just debt. Example owning a home even if it's 100% paid for is a form of ownership on your freedom. Simply by owning that home, it means you are less free to do or go where you want for any amounts of time.

Possessions are their own form of slavery when you think about absolute freedom for example..

[CurrentlySober]

Example owning a home even if it's 100% paid for is a form of ownership on your freedom. Simply by owning that home, it means you are less free to do or go where you want for any amounts of time.

Alternatively, owning the home 100% means that you can fuck off whenever you choose and if you rent it out while you are away, you have a regular monthly income to fund your adventures elsewhere

[crockett]

Alternatively, owning the home 100% means that you can fuck off whenever you choose and if you rent it out while you are away, you have a regular monthly income to fund your adventures elsewhere

This is true, but not 100% as easy as it sounds. There is also a certain amount of risk involved with that like will the renter pay the rent while you are off fucking around, will they fuck shit up.. Will the AC unit go out and you get hosed by a repairman because you aren't there.. ect..ect..

IMO, that's still a lot of hassle for not a lot of extra money after you run into the common issues landlords run into. Unless of course you are renting out several income properties and letting a property management company run it for you. However that all comes with big expenses and to get to that point requires lots of debt or being independently wealthy and if you have that kind of money why bother with the hassles, just to fund going off and fucking about... There are much cheaper ways to make money than real estate.

[CurrentlySober]

I was thinking of a single home property that you live in, however yes, I was thinking about a management agency dealing with it on your behalf.

I have all my properties with an agent and they deal with EVERYTHING for me. It costs me ten percent of all rents, but it also guarantees me my rent should the tenant not pay, so in all a good deal...

Point being though, that if I didnt have other properties, and fancied fucking off for 6 months to travel, I'd rent out my own house and just let the agent handle it for me...

[Bladewire]

Now to add to this, there are other forms of ownership other than just debt. Example owning a home even if it's 100% paid for is a form of ownership on your freedom. Simply by owning that home, it means you are less free to do or go where you want for any amounts of time.

Possessions are their own form of slavery when you think about absolute freedom for example..

Its a ball and chain. Every single person I know personally IRL regrets owning or gets fucked by owning or can't/hasn't bedn able to do something they wanted to do.

[crockett]

I was thinking of a single home property that you live in, however yes, I was thinking about a management agency dealing with it on your behalf.

I have all my properties with an agent and they deal with EVERYTHING for me. It costs me ten percent of all rents, but it also guarantees me my rent should the tenant not pay, so in all a good deal...

Point being though, that if I didnt have other properties, and fancied fucking off for 6 months to travel, I'd rent out my own house and just let the agent handle it for me...

I know what your saying, but it takes a bit of time and work to get to the point of multiple properties. I'm not really interested in chasing money anymore at least not at the moment, I'd rather just be able to go fuck off for however long I want to.. That's what Ive been doing the last 3-4 years now.. Just fucking off.

Now my only issue, is my money making is limited to me being here in the US. I can't say go fuck off to Europe, South America or the Caribbean and still make money while there. I can pretty much go anywhere in the US and still be making money, but not elsewhere.

I'm ok with that for the time being, because I still have some adventuring to do here in the US, but I'd like to tour around Europe at some point and maybe live on a sail boat for some time.

[crockett]

Its a ball and chain. Every single person I know personally IRL regrets owning or gets fucked by owning or can't/hasn't bedn able to do something they wanted to do.

Yeah, I kinda think American Natives & the Gypsies had the right idea.. Don't own any land and just carry your home with you..

[Barry-xlovecam]

You are never free if you have any keys to your possessions.

Ask this guy ...

[Struggle4Bucks]

Now to add to this, there are other forms of ownership other than just debt. Example owning a home even if it's 100% paid for is a form of ownership on your freedom. Simply by owning that home, it means you are less free to do or go where you want for any amounts of time.

Possessions are their own form of slavery when you think about absolute freedom for example..

This is true, but not 100% as easy as it sounds. There is also a certain amount of risk involved with that like will the renter pay the rent while you are off fucking around, will they fuck shit up.. Will the AC unit go out and you get hosed by a repairman because you aren't there.. ect..ect..

IMO, that's still a lot of hassle for not a lot of extra money after you run into the common issues landlords run into. Unless of course you are renting out several income properties and letting a property management company run it for you. However that all comes with big expenses and to get to that point requires lots of debt or being independently wealthy and if you have that kind of money why bother with the hassles, just to fund going off and fucking about... There are much cheaper ways to make money than real estate.

If you can't handle life that's ok man... just embrace it and don't be so devious about it...

[crockett]

If you can't handle life that's ok man... just embrace it and don't be so devious about it...

Life is what you make of it. What is devious about that? The simple fact is most people can not afford their lifestyle with out debt. Most can't even really afford it with the debt.. Look at our govt as prime example. Our govt can't afford to sustain it's self with out debt.. Is that how you handle life continually acquiring debt or being responsible and self sufficient?

[nico-t]

Crockett has finally reached the mental deepness of a 15 year old pothead. Congrats on this huge milestone in your psychological development

Hey it could be worse, brasshat still has the brain capacity of a 10 year old at 60 years old

[slapass]

If you owe someone money you can not pay off at any given moment, it means you are owned by the debt holder. You might be able to make your payments with out struggle but you still have a price tag on your head.

How does that make you feel to be owned by a mortgage payment, car payment, credit cards, business loans, ect..ect? How many of you can live debt free and be self sufficient? Self sufficient meaning you can live your life with out acquiring debt to others?

Distorting reality for your own needs doesn't make it real. It is nice that you don't like debt and have worked this up to this. Just don't expect others to buy in.

As a sometimes lender, knowing the other party cannot repay you doesn't make you feel like a master but someone who got suckered.