I have five times as much in cash (US and foreign) as I have in a 401k
I have two credit cards. Balances - $0.
I always buy used cars and pay cash.
I'm the kind of person that no one ever needs to bail out
Capisce?
I think it's an honor to find a good car and keep it alive and healthy as long as possible.
That's how I was raised by folks who had no debt, etc,.etc., just like you.
That's what make me furious, we're supposed to care about irresponsible worthless whores, sorry but that's what I see and feel.
I don’t have near enough savings but my wife and I have 3 cars that are paid for. The only debt we have is on two gas cards but haven’t used them in months...trying to pay them off.
I’d be all for this bail out if I could see Chrissy Dodd, Gorelick, Raines, Johnson and every politician who took bribes from Fannie and Freddie doing the perp walk. But I’m not holding my breath that I’ll ever see that.
Capisce?”
That's good, but the rest of the planet lives differently; so when everyone else doesn't have food, whose door do you think they will be shooting through?
The law of unforeseen consequences.
Whoopie for you.