RE: Debt = Death
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Brother you said a mouthful.
My brother-in-law left my sister in a great deal of debt when he died. He owned and operated an international business (Schmitz & Schmitz) where his business model was rob Peter to pay Paul. I thought his business was doing well! He owned a Jeep, a BMW, another BMW, a company van, a pickup truck... well you get the picture.
When I went to help my sister go through his home office we found collection letters, certified letters from the IRS, collection letters and all sorts of stuff. He was not even paying the mortgage on the home!
It has taken my sister about 3 years or so to get completely out of debt. The only thing she owes on now is her truck she uses to pull her camper.
I am in complete agreement with you that debt is death. I have a very good credit rating and live within my means. I am too damn old to try to impress others with things.
Excellent advice to everyone and I thank you for sharing your thoughts on the topic of debt.