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[Akka Homestead <akkabhomestead AT yahoo.com>]

I live on the same planet as you, Lynn.  
Here, I have been struggling for years to pay off debt.  I am almost there-I 
can see the light at the end of the tunnel.  If I were still working, I'd be 
even closer to the end of it.  I don't want more debt.  I don't want more 
credit.  I know, that I am one of those people who would have to pay it off 
on the forever timescale.  I just want to live within my means, and that 
means cash purchases, used cars, etc.

Lynn Wigglesworth wrote:
> Clansgian AT wmconnect.com wrote:
> 
>> And any of the more common clay who work two jobs to pay mortgage and 
>> credit 
>> card debt are only miniature versions of the above,  To the exent they 
>> subscribed to the debt/consumerist mentality, they will suffer in 
>> proportion.   
>>
> Listening to Bernanke and the president confirms that I live in a 
> different world than them. They both pointed out that one of the biggest 
>   reasons to support the bailout is so the banks will have money to 
> lend, so everyone can get credit again so they can buy houses and cars 
> and college educations for their children. Like that's a Good Thing? 
> Wasn't too much credit (to people who couldn't repay) the problem?
> 
> Lynn Wigglesworth




>From lynnw1366 AT hotmail.com  Thu Sep 25 10:37:48 2008
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Akka Homestead wrote:
> I live on the same planet as you, Lynn.  
> Here, I have been struggling for years to pay off debt.  I am almost 
> there-I can see the light at the end of the tunnel.  If I were still 
> working, I'd be even closer to the end of it.  I don't want more debt.  I 
> don't want more credit.  I know, that I am one of those people who would 
> have to pay it off on the forever timescale.  I just want to live within my 
> means, and that means cash purchases, used cars, etc.

I struggle with it. When I divorced, I had to buy out my ex's share of 
the farm (the new inflated value, double what we paid for it). I had to 
refinance and take out a big mortgage. At the rate I'm going, it won't 
be paid off until I'm 80. I'm still looking into leasing the gas rights 
to my property. If it works out, I could get enough to pay off my 
mortgage.  If they actually drill, I'd be embarrassingly rich (well, by 
MY standards, anyway). I could do all those philanthropic things I 
always said "If I had money, I'd..." (mostly environmental or having to 
do with getting young wannabe farmers onto farms).

Lynn Wigglesworth


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