UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308883  
Subject: Re: I owe, I owe, it's off to work i go Date: 7/3/2014 3:18 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
<<One day, that money that is being use to knock down debt will be used to fund your retirement, and you'll really be happy. >>



Not only that, but investments produce added net worth by compouding --- just the o[pposite of paying interest on debt.

I'm a retiree these days and scarcely a day goes buy without checks in the mail paying dividends or reinvesting income in more stock.

Frankly, my investments pay a dood deal more in interest and dividends than I care to spend.

People who LIKE TO SPEND should really save and invest heavily when they are young to be able to buy investments and give them time to grow.

A dollar of debt held over a lifetime takes many dollars to finance.

Each dollar of savings and investments produces many dollars of additional net worth that will be available to spend over a lifetime.


Seattle Pioneer
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement