Bow down before me and grovel, O ignorant peasant folk! HAR HAR HAR!!!!
Like most folks I spent most of my life in debt for something or other, pretty much cars and my mortgage. I think I bought a little fishin' boat years back to keep my line of credit from going dormant, but I found out I didn't need a line of credit given that I paid my credit cards off like clockwork. I hate, fear and loathe debt.
18 years ago I was debt free and just back on the job market - and sold my soul to
Today I pooped the bed and woke up deciding that I couldn't take in anymore, I was going to pay that damned thing off early too! So I called up the finance dept. at Toyota and the perky young lady told me that my last payment was last month! Would I like to buy another one...?
I suppose on paper I am worth money ... being a home owner and having a modest RRSP and a few investments. On paper, I am probably upper middle class too. But I look around at my friends - and they all look like they could buy and sell me out of pocket change; they have the big houses, the fancy trucks and cars, they go on posh vacations - and they are in debt up to the wazoo!
One of my wife's friends told her she was lucky to be in our circumstances and it ticked her right off. Privately, she said to me that 'luck' has nothing to do with it - we saved while others spent, we went without while others partied, we held back savings during the good times in preparation for the hard times - where did this woman get off calling us 'lucky'?
How do ya measure self-worth?
I remember a hundred years ago they had Donald Trump on TV talking about his life and times and how he got cleaned out in a group of investment moves that went south. His story is that he saw a homeless bum on the street as he and the boys were cleaning out their offices, and he said, 'See that bum? He is worth more than all of us together...'. He was right too!!!
I am debt free. First time in 18 years. And I am worth more than the president of the United States! HAR HAR HAR! (Oh alright - I admit it, Donald Trump has since recovered and could have his butler buy and sell me out of pocket change!)
BAH - Peride goeth before a fall so I better shut my pie-hole. Here I am, gloating about having basic financial common sense! Still and all - it feels good.
I hear young people bitching and whining about the futility of The American Dream. I am here to say it isn't futile, that it's doable, and that it's available for anyone that wants to work for it - even up here in Canada. Years ago I bitched like that too. Get in the game. Take your debt seriously - use debt, don't let it use you. The rat race is for rats - the only guy whose opinion matters is that of the bum ya see in the mirror every morning when you shave. Debt is a tool, not a magic wand.
Be smart - and I hope that one day, YOU are worth nothing too! :)