[TheForge] Identity theft

[Peter Fels & Phoebe Palmer]

On our artist's income, we were not willing to borrow money..it's too 
irregular to commit to payments.
While our house is only half finished and i'm 64, we owe no money to 
speak of.
If the predicted inflation occurs, that may have been a strategic 
mistake, but no one will come and take my anvil away..Save the tax man..pf
My rationale is that this strategy gives us the greatest freedom to 
pursue our art.
Terry...may your funds grow with inflation and you outlive them smartly.  pf

terry l. ridder wrote:
> hello;
> 
> 
> On Wed, 27 May 2009, Gabriel Cain wrote:
> 
>> Terry Ridder wrote:
>>> the bottomline is to have a really bad credit score so no one will be
>>> able to steal your identity.
>> As someone who intends on owning a house at some point, I can't help be
>>
> 
> i own my home outright.
> all my vehicles are owned outright.
> i have no debit other than the medical liens from the head-on-collision.
> 
>> think that this advice only works if you have nothing to lose, and no
>>
> 
> for 13+yrs i had nothing to lose. now i have something to lose.
> given that i could burn money at the rate of $5,000.00 usd per month for
> the next 20 years and still have more than enough money in the bank.
> 
> i do not care about my credit score. i do not need to care about my
> credit score.
> 
>> intention of ever gaining anything beyond your immediate cash means. Not to
>> mention that apartment/house rentals are often tied to credit rating, for
>> good or ill.   This is bad advice, Terry.
>>
> 
> it is not bad advice. it is partial good advice.
> the best economics is to live on a cash only basis.
> 
> the borrower is a slave to the lender.
> 
>> This is akin to burning down your home so that no one could steal from
>> you... :-?
>>
>> -Gabriel
>>
>