this post was submitted on 17 Aug 2023
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I used to work as a fraud analyst in a call center for a financial institution, salary was great and the benefits were quite generous. Management were dillholes and clients made me lose faith in humanity quite quickly and I wanted to cry every day before work so much I was burnt out from it. Now I work as nightwatchman for a vacation resort, make less money and not much in terms of benefits but I'm easy as Sunday morning and my partner enjoys being around me again. Plus, when you consider how much income tax more I was paying before, I'm not making THAT much less when all is said an done. I was always frugal in my lifestyle anyway, I don't drink or smoke, I don't play video games, I don't really go out, I learned to repair my own clothes rather than buy new ones and I don't like brand names, and I pay a mortgage rather than rent so I have money left after the 1st of the month. So I don't have an exciting and extravagant life, but I'm quite content.
Thank you for coming to my TED talk!
What a weird ~~world~~ country we live in where being in debt is seen as financially helpful
I get what you're saying, but you're missing the nuance entirely.
I know that it's a tad off-topic, but now I'm curious to know what nuance I'm missing
Someone who pays rent doesn't have the burden of a debt, but then again if they don't pay EVERY MONTH -and quite high prices nowadays- they don't have a roof over their heads; that is practically serfdom. In my case, my debt, which is almost paid off, leaves me with a possession, a value than I can pass on or monetize. Ergo my debt is momentary and yields value, renting yields nothing and is permanent.
People with mortgages also can't stop paying without risk of foreclosure? Owners also can't stop paying property taxes either.
Of course
I think differently but I don't think it's worth it getting into the weeds of it.
What I don't understand why you think I'm missing any of this nuance. I found it amusing that you listed having a mortgage as a positive - or at least that's what I understood of adding it to the list of things that contribute to having surplus cash. I still find this amusing, all nuances considered, because it's debt. I was expecting some kind of leverage argument... looks like it's as simple as I imagined initially.
whatever floats your boat.