One of the most insightful books I’ve ever read: "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko
Highly Recommended! It clearly explains the difference between consumption and wealth. http://preview.tinyurl.com/85pj5a Roger Wright Network Administrator Evatone, Inc. 727.572.7076 x388 _____ From: Roger Wright [mailto:[email protected]] Sent: Monday, January 12, 2009 2:55 PM To: NT System Admin Issues Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) “For taxes, you do get to deduct the interest on your mortgage...if you pay off your house, you lose that deduction” I’d much rather have the money in my pocket than a tax deduction any day! My wife and I paid off the remaining 17 years of the mortgage we assumed in just over 10 years simply by paying an extra $100/month. We’ve been mortgage free for about 7 years now. What a relief to have no mortgage payments! Our cars are both paid for – one is a ’97, the other is an ’02. Living expenses (food, clothing, utilities, medical), insurance and taxes are all that’s left. This leaves enough for charitable contributions, savings, and assisting family members as needed. And we charge everything we can to American Express so usually have only 3-4 monthly checks to write. Debt – who needs it?!?! Roger Wright Network Administrator Evatone, Inc. 727.572.7076 x388 _____ From: David Mazzaccaro [mailto:[email protected]] Sent: Monday, January 12, 2009 2:28 PM To: NT System Admin Issues Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) Some debt is good debt. For taxes, you do get to deduct the interest on your mortgage...if you pay off your house, you lose that deduction. Additionally, you now have hundreds of thousands of dollars sitting idle in your house that you can do nothing with (until you sell it). ________________________________________ From: Webster [mailto:[email protected]] Sent: Monday, January 12, 2009 1:59 PM To: NT System Admin Issues Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) Yes. But we moved to TN back in August and have a mortgage again. ☹ I am working on paying it off as fast as possible. Webster From: Jacob [mailto:[email protected]] Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) Wow.. did that include the mortgage? From: Webster [mailto:[email protected]] Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) +6 for Dave Ramsey. Paid off $197,000 in debt in 4.5 yrs. Webster From: David Lum [mailto:[email protected]] Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) +1 times ten! We'll spend thousands sending out kids to college but never teach them the basics of money and not using credit for anything but a house. My parents didn't teach me that, it took me over 40 years (until Feb of last year) to really "get it" (thank you Dave Ramsey). Funny the things we think we *need* to have. Pretty sure 99% of these items our ancestors got along just fine without. Veering nearer to back on topic, adding the need for several thousand IT jobs can't be a bad thing, but I am interested in hearing from IT guys in the healthcare industry what obstacles need to be overcome. It's one thing to say "digitize healthcare records", another entire to pull it off - there must be dozens of little "gotcha's". David Lum // SYSTEMS ENGINEER NORTHWEST EVALUATION ASSOCIATION (Desk) 971.222.1025 // (Cell) 503.267.9764 ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
