IGX

Alfred_E._Neuman wrote:Any real self sufficient man is always in a position of fuck you.

Alfred_E._Neuman wrote:They key for us is making sure we live in such a way that we pay all the bills with one of our salaries and put the other salary away. That lets us have a good safety cushion in savings, put a little extra toward the house to pay it off early, and put back so we pay cash for our cars. Also makes it where we're a little insulated from the worst case scenario of one of us losing our job or becoming unable to work.

Beyond that, learning to do as much for yourself as you can so you don't have to hire a professional will save you a ton of cash.

Kenny X wrote: Live quite happily without, even.

Turdacious wrote:

Kenny X wrote: Live quite happily without, even.

This. Surprising how much fits in this category.

Why I Defaulted on My Student Loans

...Years later, I found myself confronted with a choice that too many people have had to and will have to face. I could give up what had become my vocation (in my case, being a writer) and take a job that I didn’t want in order to repay the huge debt I had accumulated in college and graduate school. Or I could take what I had been led to believe was both the morally and legally reprehensible step of defaulting on my student loans, which was the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.

I chose life. That is to say, I defaulted on my student loans.

Forty years after I took out my first student loan, and 30 years after getting my last, the Department of Education is still pursuing the unpaid balance. My mother, who co-signed some of the loans, is dead. The banks that made them have all gone under. I doubt that anyone can even find the promissory notes. The accrued interest, combined with the collection agencies’ opulent fees, is now several times the principal.

The Department of Education makes it hard for you, and ugly. But it is possible to survive the life of default. You might want to follow these steps: Get as many credit cards as you can before your credit is ruined. Find a stable housing situation. Pay your rent on time so that you have a good record in that area when you do have to move. Live with or marry someone with good credit (preferably someone who shares your desperate nihilism).

When the fateful day comes, and your credit looks like a war zone, don’t be afraid. The reported consequences of having no credit are scare talk, to some extent. The reliably predatory nature of American life guarantees that there will always be somebody to help you, from credit card companies charging stratospheric interest rates to subprime loans for houses and cars. Our economic system ensures that so long as you are willing to sink deeper and deeper into debt, you will keep being enthusiastically invited to play the economic game.

I chose life. That is to say, I defaulted on my student loans.

johno wrote:

I chose life. That is to say, I defaulted on my student loans.

^
This guy is a White Collar version of the Baby Daddy who has never seen his kid, or paid a dime of support.

When I talk about the Position of Fuck You, I'm not talking about defaulting on debts or abdicating my responsibilities.

Years later, I found myself confronted with a choice that too many people have had to and will have to face. I could give up what had become my vocation (in my case, being a writer) and take a job that I didn’t want in order to repay the huge debt I had accumulated in college and graduate school.

Beer Jew wrote:Maybe he shouldn't have taken out the mortgage in the first place?