On Fri, 16 Feb 2007 02:00:59 GMT, "NE Sailboat"
wrote:

ps.. full discloser.. I don't owe a penny to anyone. No mortgage, no boat
loan, no car loan ,,, nothing.

No wonder you are always complaining about money or the lack there of.

You're not enjoying the power of leverage.

That is really funny .. the power of leverage! hahaha ,, this is killing
me.

If I guy goes to a bank and borrows $100,000 the bank owns him.

But if a guy goes to the bank and borrows $1,000,000,000 then he owns the
bank.

That is the power of leverage.



=======================

Try living debt free. It is an incredible feeling. I know, I had a
mortgage, car loan, personal loan, the you name it loan..

Then I started to just pay them off. One day; no more loans.

I took the money that was going to the loan and paid myself in investment
savings. Every month, just like the mortgage.

The next thing you know ... wow. Look at all that savings.

It really isn't hard. Just takes some discipline.


====================================
"Wayne.B" wrote in message
...
On Fri, 16 Feb 2007 02:00:59 GMT, "NE Sailboat"
wrote:

ps.. full discloser.. I don't owe a penny to anyone. No mortgage, no boat
loan, no car loan ,,, nothing.

No wonder you are always complaining about money or the lack there of.

You're not enjoying the power of leverage.

NE Sailboat wrote:
That is really funny .. the power of leverage! hahaha ,, this is killing
me.

If I guy goes to a bank and borrows $100,000 the bank owns him.

But if a guy goes to the bank and borrows $1,000,000,000 then he owns the
bank.

That is the power of leverage.



=======================

Try living debt free. It is an incredible feeling. I know, I had a
mortgage, car loan, personal loan, the you name it loan..

Then I started to just pay them off. One day; no more loans.

I took the money that was going to the loan and paid myself in investment
savings. Every month, just like the mortgage.

The next thing you know ... wow. Look at all that savings.

It really isn't hard. Just takes some discipline.


====================================
"Wayne.B" wrote in message
...

On Fri, 16 Feb 2007 02:00:59 GMT, "NE Sailboat"
wrote:


ps.. full discloser.. I don't owe a penny to anyone. No mortgage, no boat
loan, no car loan ,,, nothing.

No wonder you are always complaining about money or the lack there of.

You're not enjoying the power of leverage.




It takes more than a million for you to own the bank.

Don't ask me how i know....

--
“TAANSTAFL”

__________________________________________________ __________________________
Something to think about, from a wise man now long dead….:

“In the first place, we should insist that if the immigrant who comes
here in good faith becomes an American and assimilates himself to us, he
shall be treated on an exact equality with everyone else, for it is an
outrage to discriminate against any such man because of creed, or
birthplace, or origin. But this is predicated upon the person’s becoming
in every facet an American, and nothing but an American.
“There can be no divided allegiance here. Any man who says he is an
American, but something else also, isn’t an American at all.
“We have room for but one flag, the American flag. We have room for but
one language here, and that is the English language and we have room for
but one sole loyalty and that is a loyalty to the American people.”
--Theodore Roosevelt...1907

__________________________________________________ __________________________

"A prudent man foresees the difficulties ahead and prepares for them;
The simpleton goes blindly on and suffers the consequences." - Proverbs 22:3
__________________________________________________ __________________________

Consumer debt becomes slavery, yes. But that is not "leverage." "Leverage"
is borrowing money and earning more from that money than the interest you'll
have to pay back. That is the source of true monetary wealth. And yes, it
most certainly does work. You just have to be smart about it.


"NE Sailboat" wrote in message
news:Ej9Bh.5873$5M1.2110@trndny01...
That is really funny .. the power of leverage! hahaha ,, this is killing
me.

If I guy goes to a bank and borrows $100,000 the bank owns him.

But if a guy goes to the bank and borrows $1,000,000,000 then he owns
the bank.

That is the power of leverage.



=======================

Try living debt free. It is an incredible feeling. I know, I had a
mortgage, car loan, personal loan, the you name it loan..

Then I started to just pay them off. One day; no more loans.

I took the money that was going to the loan and paid myself in investment
savings. Every month, just like the mortgage.

The next thing you know ... wow. Look at all that savings.

It really isn't hard. Just takes some discipline.


====================================
"Wayne.B" wrote in message
...
On Fri, 16 Feb 2007 02:00:59 GMT, "NE Sailboat"
wrote:

ps.. full discloser.. I don't owe a penny to anyone. No mortgage, no
boat
loan, no car loan ,,, nothing.

No wonder you are always complaining about money or the lack there of.

You're not enjoying the power of leverage.

"Wayne.B" wrote in message
...
On Fri, 16 Feb 2007 02:00:59 GMT, "NE Sailboat"
wrote:

ps.. full discloser.. I don't owe a penny to anyone. No mortgage, no boat
loan, no car loan ,,, nothing.

No wonder you are always complaining about money or the lack there of.

You're not enjoying the power of leverage.

In article Ej9Bh.5873$5M1.2110@trndny01,
"NE Sailboat" wrote:

Try living debt free. It is an incredible feeling. I know, I had a
mortgage, car loan, personal loan, the you name it loan..

Then I started to just pay them off. One day; no more loans.

I took the money that was going to the loan and paid myself in investment
savings. Every month, just like the mortgage.

The next thing you know ... wow. Look at all that savings.

It really isn't hard. Just takes some discipline.

My parents lived during the depression as well. Got married in '35.

"Leverage" allows you to use something you can't afford -- as long as
your economic circumstances don't decline. Most I know who are depending
on that are working hard to stay ahead of the payments.

We, on the other hand, are comfortable on a single income from a company
that doesn't pay me what I'm worth, but gives me over 7 weeks' vacation
a year and helps me use it. Meanwhile, about 30% of that single income
is going into retirement investments. When a deer totaled the car, we
bought with cash. We have 6-12 months' cruising kitty in liquid funds,
and plan to use it the next time I'm "between jobs".

That, to me, is true wealth.

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's NEW Pages: http://web.mac.com/jerelull/iWeb/Xan/
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/