The road to socialism

iVillage Member
Registered: 04-04-2008
The road to socialism
424
Wed, 02-18-2009 - 10:40pm

It's true that Mr. Obama is taking us down the road to socialism.

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iVillage Member
Registered: 08-16-2005
Tue, 02-24-2009 - 2:26pm

Do a random google search on 'Should you pay off your mortgage'.


iVillage Member
Registered: 12-08-2008
Tue, 02-24-2009 - 2:28pm

>>Ah but it's having monies in places that may offer a higher rate of return that has wiped out many people's "savings" now, is it not?<<

Only very foolish people would have ever done that. Anyone with any sense knows you "invest" only what you can afford to take a risk with.

And you did not consider the TVM. If you understand that concept then you understand why paying off a mortgage prematurely may very well not be a smart thing to do and why it's what a bank would want you to do.

iVillage Member
Registered: 12-08-2008
Tue, 02-24-2009 - 2:38pm

So I would guess I'm not so alien after all.

It's funny. At the closing on the house I bought last week one of the realtors thanked us for helping to clean up the mess created by the sellers like the one we had just helped let off the hook.

Where would the country be without those who waited on the sidelines for opportunities and who aren't experiencing a credit crunch....the ones who will still be paying the bulk of the taxes and who saved some of their cash for those emergencies and opportunities?

iVillage Member
Registered: 01-06-2009
Tue, 02-24-2009 - 2:43pm

(Do you believe in capitalist risk takers or not?)


Kim

iVillage Member
Registered: 08-16-2005
Tue, 02-24-2009 - 2:52pm

Nope, not alien to us :)


We have been saving for our dream land to build a home on one day, and with the drop in the market two of our top choices are nowextremely affordable.


iVillage Member
Registered: 04-09-2007
Tue, 02-24-2009 - 2:54pm

There may be a few people who have the sense to ignore their broker, the 401K specialist, their realtor, their appraiser, their home/building inspector, the Fed, and the President, but many people actually trust the advice of people who are "experts" in their field.

iVillage Member
Registered: 09-08-2006
Tue, 02-24-2009 - 2:56pm

<>


And, my point is whenever we personally take a risk we can very well have-


1: possibility of loss or injury : peril


No one can predict the market including people who have created their jobs around the market (people on Wall Street).

 

iVillage Member
Registered: 08-16-2005
Tue, 02-24-2009 - 3:03pm

We do follow the 15% 401k advice, however you are also given many options on how and where to invest that money.


iVillage Member
Registered: 04-09-2007
Tue, 02-24-2009 - 3:04pm
What employees are not accepting risk?
iVillage Member
Registered: 08-16-2005
Tue, 02-24-2009 - 3:12pm
With my 401k I was able to choose how the money was invested.


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