Re: The Necessity of Resisting Financial Tyranny

On Sat, 11 Jun 2011, Lance McLain wrote:
> I have a net30 rule for myself with any form of credit.  It is amazing 
> how much you save when you aren't paying the tax of interest!

"net30"?

FWIW, D and I haven't had any debt (apart from the mortgage on our home) 
since we sold the apartment that we had been renting out, about a year 
ago.  We paid off the mini-van right away, and we increased the rate at 
which we make payments on our current mortgage; if we *don't* move to a 
bigger home (and I don't see how we can put that off for more than a 
couple years, what with the three kids sharing one bedroom etc.), we'd 
have this place completely paid off in a decade or so, I think -- rather 
than the 25 or 30 years or whatever it was when we first bought it.

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