As you know, I love my country. I think it is the greatest country in the world. It is a country that is so generous and so welcoming and the leaders there are so dedicated to making the most of the opportunities they have.
The problem is, as a native Californian, I am on the hook for all that I can. I can’t escape the fact that I pay for all that I buy with a personal loan, and the fact that I have to help pay for my credit card bill every month is a huge hassle. I also have to pay for my car payment, my mortgage, my insurance, and my student loans.
Many of the people we know in this country have one of the largest debts in the world at $13,000 a month. We are all aware of our personal debt, but it’s not as easy to see it as it is to see the debt of the entire world. When we look at the personal debt of the world, we see that it is enormous. Our personal debt is so huge, that it’s so small compared to the debt of the world that we live in.
One of the first things we hear about debt is that it is “unsecured.” In other words, if you need to pay it back, you owe it to someone else. Although if you pay it back yourself, your debt is now “secured” (and you might think it is “secured” because you have a line of credit).
However, this is not true. When you pay your debts, you will never have to worry about the debt of the world ever coming back to get you. In fact, you should be so fortunate. You could have all your debt paid off and the world would still have to pay for it all.
Debt is secured by the US government and its creditors. You do not have to be in debt to anyone in the world. You owe nothing to anyone in the country or the world. The fact that you have a line of credit with the US government does not mean that the debt is secured. If you pay your debts, then the debt is no longer secured. You will be paying off your debt, not the debt of the world.
So what you need to be doing is taking out an insurance policy and then taking out a line of credit to buy a house, and then buying one. You don’t have to live in a McMansion on a lake. You don’t have to live in the biggest house of the world.
The trouble with this type of debt is that there is a finite amount of credit that can be built into the market. This is why it is so important to diversify the types of loans you have. A credit card is a great one-time deal where you can write a check for $50 and get cash back, but it is also a good way to build up your debt over time. The same is true with a homeowner’s insurance policy.
With a homeowners insurance policy, you’re guaranteed to get a mortgage. This is true for most other types of products, but you can’t get a mortgage with a homeowners insurance policy unless you’re already a homeowner, which is one of the reasons credit card companies are so effective at keeping people in the door. When credit card companies are in the door, consumers tend to use them as quick ways to pay for emergencies, as in the case of a car accident.
The problem with a homeowners insurance policy is that it doesnt cover some things that a bond will. You can get a mortgage with a bond, but you must actually be a new homeowner in order to get a bonds. This is why I like to think of the bond as a “preferred” mortgage. Unlike a typical bond, which is generally a fixed interest rate, a preferred mortgage is a variable mortgage.
