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RE: Do you own what you bought?

in LeoFinance2 years ago

Damn good point my friend ! The problem is that most people don’t realize this fact until it is too late. I bet the people in Greece have changed their outlooks on banks since the last crisis, but many people are naive enough to think it won’t happen where they live.

I like the part which you say about buying a house. So many people say “I bought a house” “ I own a house” that is not true. You own it when you get rid of your debt.

That is why I decided to go for a house in a much cheaper range than I could have chosen, because that gives me a realistic chance to pay it off early instead of carrying the debt my whole life. Even with the low interest rates these days if you don’t try to speed up the process of paying back the debt you will pay more than half the value of the house just in interest, and during that time you always can end up in a situation where you loose it all

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but many people are naive enough to think it won’t happen where they live.

Experience is often the only teacher, and then most people don't listen.

“I bought a house” “ I own a house” that is not true. You own it when you get rid of your debt.

It is not only the debt though. If a government wants to put a highway through where your house currently is - they will.

That is why I decided to go for a house in a much cheaper range than I could have chosen, because that gives me a realistic chance to pay it off early instead of carrying the debt my whole life.

This is the way to go and what we have done with our apartment, but we are also trying to do the same for the coming house by getting something we can renovate the way we want. I am really hoping that crypto moves in the next 5 years and we can pay it off clear.

!ENGAGE 20

Well this is the time to be active and investing. Not that I’m a financial advisor or anything. But it will not surprise me if 1 year from now people will complain that they didn’t buy when Steem was so cheap in the beginning of 2020 .

There have been so many people arguing that The bear market finished only a few months or half a year after the all time high. Just check the charts and you can see the pattern. Bear market take time. The eager ones get burnt and give up. And the patient ones wait and buy when we reach the bottom and then ride the next bull run.
When is it coming ? I don’t care, I just try to make sure to continue building my portfolio so that I will be in the right position when we take off

will not surprise me if 1 year from now people will complain that they didn’t buy when Steem was so cheap in the beginning of 2020

Like when they complained that thy didn't buy when it was so cheap in 2017 :) History tends to repeat.

When is it coming ? I don’t care, I just try to make sure to continue building my portfolio so that I will be in the right position when we take off

Stay active is the key to all of this as it is far from a mature industry and those who are too passive, will not see changes as they happen.

Well this is the time to be active and investing. Not that I’m a financial advisor or anything. But it will not surprise me if 1 year from now people will complain that they didn’t buy when Steem was so cheap in the beginning of 2020 .

There have been so many people arguing that The bear market finished only a few months or half a year after the all time high. Just check the charts and you can see the pattern. Bear market take time. The eager ones get burnt and give up. And the patient ones wait and buy when we reach the bottom and then ride the next bull run.
When is it coming ? I don’t care, I just try to make sure to continue building my portfolio so that I will be in the right position when we take off

Deja vu.



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