Today's Focus

Current Goal: Automate Savings and Mortgage Paydown

1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!


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Sunday, September 27

Frugal Living Gains Acceptance

According to a survey commissioned by Citigroup, 80% of Americans who earn less than $50,000 have cut back on expenses recently. Of the entire group of 2,005 respondents, 63% say their spending habits have forever changed.

Those results are promising, but I wonder if they will hold up. We are a nation of debtors (unfortunately, myself included). Our government is so deep in debt, and our trade deficit so huge, that this country is selling itself off, one piece at a time.

Just how serious a debt problem does this nation have? My next post will bring you an explanation from Warren Buffett.

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