Share
2,090 Posts.
lightbulb Created with Sketch. 299
clock Created with Sketch.
12/03/24
20:56
Share
Originally posted by 1ronnie
↑
....so it appears that working adults (building a career and making money) actually work to pay the banks (on their 30 year mortgages) i.e 'work for the banks' and after they retire, with the super nest egg that they build, they must now contribute more to and 'work for the aged care'.
....to avoid this, this is why it is so important to pay off your mortgage so much sooner (no investment is guaranteed that 7-8% home loan rate) by saving more and redeploying available capital gains (while one still has them) and to keep a good health to avoid having to go to aged care and paying those aged care companies that look slick in advertisement but don't treat you like kings/queens for the monies they take from you.
....bloodsuckers (banks, insurance companies, aged care).
Expand
You could add 'universities' to your list of bloodsuckers....$50-60.000 for degree in the (in)Humanities. Young people starting off their career with a pile of debt....and knowing that my kids could basically study for free in Europe!