” - - versus those who are saddled with debt is priceless, isn’t it?”
Yes.
We have a friend our age, he retired by refinancing his home to pay off his debt (I know, he’s still in debt). Then he refinanced it again to get more to spend. Then he bought a new motor home and bragged his payments are $500 per mo.
He can’t sleep nights, very moody, many health issues I think are nerve related.
I hate to rag on him, for he, like so many, have a very self destructive issues. I’ve given him advice about getting counseling, like an alcoholic, he just thinks it does not apply to him.
Yes, it does feel good to be financially secure.
I hate to use my once wealthy BIL as a reference, but he built three multi-million dollar houses, but did not pay for the next one with the proceeds from the former and now at 77 in poor health is having to downsize from the last house he built and only paid interest on the loan so after twenty years he still owes and owes to the tune of 750 grand and only SS coming in.
He and my sister both work part time to help but 750 grand is just that, too much grand for both of them. Then there is taxes on top of that and upkeep, utilities, etc. I’m getting depressed just thinking about it. My sister understands the issue, but the boss has been the one who brought in the big bucks that kept them in deep clover for so many years. Kids aren’t going to be much help.
Hope this isn’t a double post. Got sidetracked for an hour or so.