Avoiding debts and liabilities in life

Topic by LEO THE WISE

LEO THE WISE

Home Forums Money Avoiding debts and liabilities in life

This topic contains 12 replies, has 12 voices, and was last updated by LEO THE WISE  LEO THE WISE 2 years, 11 months ago.

Viewing 13 posts - 1 through 13 (of 13 total)
  • Author
    Posts
  • #770605
    +5
    LEO THE WISE
    LEO THE WISE
    Participant
    252

    Hello men, dear MGTOW’s,

    This is leo the wise : giving to all men their needed uprise.
    I released a video, as each week on my youtube channel about an interesting topic for this community :

    Avoiding debts and liabilities in life

    In most cases loans, going into debt is a wrong move. Because you are putting yourself at risk and as a MGTOW you try to avoid getting chains from women, it’s not to be enslaved by some private bank or by the state taking you by the b~~~~ now…

    Try to avoid having a mortgage, be patient it will pay off in the long run to pay full cash in a remote location maybe not the trendy place you dreamed of but leverage is a double edged sword and when all brakes lose you are cooked.

    Best would be to invest that money (at least a big chunk of it), having dedicated budgets for your regular living expenses and for any extras you would like to go for.

    Never go into debt and take a loan for gratification, only for investments things that will pay back and bring more money. Some people are dumb enough to get a loan for a TV flat screen or a trip abroad. It does not make any sense.

    What is your taking about this topic ?
    Thanks for the next comments,

    Have a nice day/week all

    Leo the wise : Giving to all men their needed uprise My MGTOW YOUTUBE channel, first vid : https://youtu.be/Xt-tJgVUGuI

    #770607
    +5
    The Black Scorpion
    The Black Scorpion
    Participant
    3071

    Only borrow money for a house or education.

    Everything else pay with cash or don’t buy it.

    The greatest tragedy in life is to spend your whole life fishing only to discover that it was not fish you were after. - Henry David Thoreau

    #770613
    +7
    JB Books
    JB Books
    Participant
    3202

    Put down a substantial down payment on a place YOU CAN AFFORD. Don’t borrow money for “education” unless you are going to be able to earn enough money from that to be able to pay it back within five years.

    We just don't realize life's most significant events while they're happening. Back then, I thought, "Well, there'll be other days". I didn't realize that that was the only day. - "Moonlight" Graham

    #770635
    +5

    NEVER.
    MARRY.

    #770658
    +3
    PistolPete
    PistolPete
    Participant
    27192

    Leo could you please find some other site to advertise you stupid channel?

    #770677
    +1
    Bigboy83
    bigboy83
    Participant
    11337

    I aint buying house after i pay off my debt. Thats for sure.

    Im sick of this debt slavery s~~~.

    Shit Tested, Cunt Approved.

    #770683
    +1
    It'sallbs
    It’sallbs
    Participant

    Im sick of this debt slavery s~~~.

    So am I, it’s all a brainwashing scam.

    You work to consume more crap you don’t need and the idiots need to get the latest s~~~ to out do the Jonses next door.

    Meanwhile people buy all the bulls~~~ of west vs east and the threat of nuclear to keep you in a constant state of fear and supporting false prophets.

    http://www.leavemeansleave.eu

    #770770
    +2
    DarkRyu
    DarkRyu
    Participant
    2392

    A mortgage only makes sense if your house payment is about the same as the rent you’d have to pay. In that case you have stability and are building equity instead of being some vagrant drifter. In general it only makes sense to buy if you’re going to be there for at least 5 years.

    It’ll take 5 years to pay down the mortgage enough for you to be able to sell it and not lose money (remember, you have to pay around 6% of the purchase price in order to sell your home). If you live in an area with INSANE house prices that are only going up you can buy and hope it keeps going up, but on the flip side if the value goes down you’re absolutely F~~~ED!

    It’s better to buy in a area with relatively stable home prices that keep pace with the rate of inflation. Homes around here appreciate by 2-4% per year, which is very stable.

    In some places like in liberal hellholes like California, the prices go up by 10% or more per year, and that’s not sustainable. That’s in a bubble and you’re taking a big risk buying because the value could tank and then you’re “underwater” on your mortgage.

    At that point you have to decide whether it’s worth destroying your credit in order to walk, or if you pay tens (or even hundreds) of thousands of dollars more for the home than it’s worth. This is the situation you do NOT want to be in. This is what happened in 2008 and it destroyed a lot of people.

    No one can tell you whether it’s right for you to buy or rent without knowing your specific situation AND your specific market. YOU might be a perfect candidate to buy, but if your market is all wrong then you shouldn’t buy. On the flip side your market may be perfect but if your situation isn’t right, then you shouldn’t buy.

    If you want to buy your home, you need to sit down with a tax accountant, a financial adviser, an asset protection lawyer, a realtor, and a mortgage broker. Unless you visit all 5 of these people, you can’t get a realistic picture of whether it makes sense for you to buy or not. This is why so many people end up getting f~~~ed when they buy. They look at it as an EMOTIONAL decision rather than a LOGICAL one. The only thing that matters is the numbers.

    #770937
    +2
    Won'tGetFooledAgain
    Won'tGetFooledAgain
    Participant
    4030

    I make a point of making my liabilities each month as little as possible. So I don’t have a nice car on lease, no loans, no credit cards, no mobile phone contract, cheapest insurance, broadband, gas , electric I can possibly find (I cannot live without those)

    That way, if the worst comes to the worst I can get a minimum wage job and still afford to live. Currently I am stashing every penny I can for the day I have had enough of work and just want out.

    Only liability I have is a mortgage but I have nearly 50% equity and it is much cheaper than renting so I am not too worried. Hoping I can save enough money over the next 8 years or so to just pay it off cash.

    Then I have zero liabilities each month, all money for me.

    For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

    #772148
    +1
    743 roadmaster
    743 roadmaster
    Participant

    Have some mistakes I am trying to get corrected. One this is done, never again.

    mgtow is its own worst enemy- https://www.campusreform.org/

    #774394
    MrMe
    MrMe
    Participant
    663

    What bothers me the most is how you call yourself Leo, yet you use pictures of other animals.

    #774815
    +1
    Ronnyquest
    ronnyquest
    Participant
    166

    The single best way to avoid debt and achieve financial freedom is to remain free of the influence of a woman. It’s that simple.

    I shouldn’t have to add that grown men should know better than to spend more than they can afford and to avoid spending money on stupid s~~~, but I suppose I just did.

    Steer clear of debt; the only debt one should ever accrue is for the purchase of land and an affordable dwelling. New cars are nice, but don’t get one if you have to borrow to afford it; I still drive my 1999 Cadillac Deville Concours and will continue until I can afford to pay cash for a CT6.

    Debt is not worth it, especially if it comes with a woman.

    Do not wait to strike till the iron is hot; but make it hot by striking! -- William Butler Yeats

    #785945
    +1
    LEO THE WISE
    LEO THE WISE
    Participant
    252

    Hi folks,

    Thanks for the comments and nice point of views, especially the mortgage aspect…

    @pistolpete
    I am not advertising, I am sharing content made for the community, as one does not need to view the video to get the substance of the main stuff and react to shared details within original post in the comment section of this forum.

    @mrme
    Leo less referening to a Lion, more to a Leopard :
    a large, spotted Asian or African carnivore, Panthera pardus, of the cat family, usually tawny with black markings; the Old World panther: all leopard populations are threatened or endangered. (Dictionary.com)

    Leo the wise : Giving to all men their needed uprise My MGTOW YOUTUBE channel, first vid : https://youtu.be/Xt-tJgVUGuI

Viewing 13 posts - 1 through 13 (of 13 total)

You must be logged in to reply to this topic.