Re: Awesome PDF - getting out of debt slavery
The author doesn't say that you pay $1200 in taxes on $2500 -- go back and read it again.
The author is talking about the waste caused by giving too much of your income to the banks in the form of interest. That really is a good point.
And interest is NOT just a service fee. No one needs hundreds and thousands of dollars every month for providing a service that costs them nothing. The author is right that charging interest on loans (more than 1 or 2%) used to be against the law.
Of course you can make a bit of money in the stock market, but it's way over-inflated right now.
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