[pennywise]

Think!! 1 million dollars earning 3% interest generates $30,000 in income. You need the income because if you used the million dollars you would run out of money in retirement. Thus you need the million for income, you spend the income and pass the million to your children so they can have a head start. I say: each generation works for the next, not the selfish mortgage salesman in the wall street journal who said " I scoff at people who pay down their mortgages month by month. That's a way of transferring money to your heirs (this is the goal, folks) as a borrower I'd rather make smaller payments (he does not say how much you will pay in interest though) and have the money myself". Fat chance. This guy makes $200,000/year to tell you this. He is commissioned. Ben Franklin said "otherwise you will grow able to pay your debts." They have to keep you in debt to make money, you are indentured (legally). SPENDING MONEY DOES NOT GIVE YOU POWER, HAVING MONEY GIVES YOU POWER, FREEDOM, AND CHOICES. My husband is now in law school and we are paying CASH. see, power, freedom, and choices. NO DEBT, eliminate it. Go to the library and read a book if you are bored, or write us.