Unveiling America's Top Wealth Killers: Wealth Killer #4 - "This Tool is Dangerous!"

Unveiling America's Top Wealth Killers: Wealth Killer #4 - "This Tool is Dangerous!"
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[@lionheart93]

keeping all expenses at 20% of my net has been rewarding.....will continue to do so for more years.

[@habbadabbado5765]

Debt is a tool like a hammer. Some folks know how to use one. Others-not so much.

[@IrisP989]

Even though we have our 2.99% and 3% mortgages, we are still investing, saving for retirement and reached a 7 figure net worth. We are in a high cost of living area in an expensive state.

[@kckuc310]

Congrats most folks don’t thou

[@cbell5017]

You are one of the very lucky people who got that rate. Most people don’t.

[@IrisP989]

@@cbell5017 We actually refinanced twice to get that 3%. I definitely acknowledge that we are very lucky.

[@JarrodMiller-hh7px]

please advise people to avoid any IRS debt, I missed something for 2 years for about 4k each yeah and paid back almost 15k with penalties

[@hughwhitledge8032]

The Consumer Protection Finance Bureau will tell you exactly the same thing, but they won't shout at you.

[@MrRuben536]

First! Great content!

[@princeandrew5430]

Wealth killer in my country: WEALTH TAX after £150k! Literallly the most lethal wealth killer out there, by definition! You Americans are soooo lucky you don’t have a wealth tax. We even have an exit tax so they take wealth tax after we leave!

[@delt2575]

Yes, the USA is not a communist country...at least not yet.

[@mordet2]

only after 150k?! that's ridiculous.

[@princeandrew5430]

@@mordet2 Correct and correct

[@gnownairb1]

is this in the UK? you use the pound sterling currency symbol , but wasnt aware brits had a wealth tax

[@princeandrew5430]

@@gnownairb1 It’s Norway. The country painted as nirvana 😅