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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 308557  
Subject: Re: I owe, I owe, it's off to work i go Date: 7/3/2014 3:18 PM
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<<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
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