Tuesday, June 14, 2011

Buy Your Freedom

Politicians talk about freedom all the time. But they don't really know what it means. They don't really want us to be free. Everything that has been going on since the 1980's takes us deeper and deeper into wage slavery. Now the new thing is attacking the whole idea of retirement. For many years people looked forward to retirement as the time when all the hard work would finally pay off and a check would come regularly in the mail without effort. Now retirement is being turned into a dirty word. But what if retirement were not something to be put off far into the future. What if we could all pull back from the workforce earlier rather than later. The key to doing that of course lies in having some kind of a steady income that requires a minimal amount of work. Owning real estate is one option. Right now mortgage rates are at an all time low and houses are cheap while rents in some places are rising. If your house is paid off and you have some savings, this is a great time to buy income property. The cash can pay the house off while any profit can go either to savings for more property or to buy freedom from wage slavery. There was a time when people could choose when to work and for how long. They had homes and cottage industries that gave flexibility and freedom. Now things are a little different but the same. For young people I recommend getting a college education while not getting too far into debt. Right now kids graduate and have to pay back as much as a house would cost. What if instead of paying off college loans they could pay off their first place. The young person that did that would be financially free in no time. Such a person could spend their most productive years, their thirties and forties, consolidating a fortune and retire at 55. But for that distractions such as the latest gadget or new, new thing has to be ignored. Other priorities must be put in place.

No comments:

Post a Comment