Posted on 08/27/2020 1:45:01 PM PDT by dmam2011
(CU) - “My name is Fountain Hughes. I was born in Charlottesville, Virginia. My grandfather belong to Thomas Jefferson. My grandfather was a hundred and fifteen years old when he died. And now I am one hundred and, and one year old.”
“You all try to live like young people ought to live. Don't want everything somebody else has got. Whatever you get, if it’s yours be satisfied. And don't spend your money till you get it. So many people get in debt. Well, that all was so cheap when I bought it. You spend your money before you get it because you're going in debt for what you want. When you want something, wait until you get the money and pay for it cash. That's the way I've done. If I've wanted anything, I'd wait until I got the money and I paid for it cash. I never bought nothing on time in my life. Now plenty people if they want a suit of clothes, they go to work and they'll buy them on time. Well they say they was cheap. They cheap. If you got the money you can buy them cheaper. They want something for, for waiting on you for, uh, till you get ready to pay them. And if you got the money you can go where you choose and buy it when you go, when you want it. You see? Don't buy it because somebody else go down and run a debt and run a bill or, I'm going to run it too. Don't do that. I never done it."
(Excerpt) Read more at clarksvillian.com ...
Sorry for the screw up on the title... it’s “Video: Former Slave Speaks on Debt & Money”
Bkmrk
Some people get it and some people just don’t have a lick of sense.
Entitlement breeds covetousness. And only those born with something gain a sense of entitlement.
Former slave ?
I don’t follow. I also don’t follow this horrible language.
I did sit and figure it out, and his words are good. A little ignorant for today but his words are valuable.
For instance if I waited until I had the money to buy a house, I would never own a house.
And only those born with something gain a sense of entitlement.
FWIW-
I’ve always been debt adverse even when I should not have. If it increases your productivity to the point where you can pay the debt off and make a profit, then it is ‘good debt’ e.g. to buy a car to get to have better job choices, buy machinery which makes you more productive, etc. If it just fuels greater consumption and builds no equity then it is ‘bad debt.’
A house is one of the few exceptions to the general rule that you shouldn’t buy on credit, because houses usually appreciate in value, rather than depreciate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.