raf, I made a decision a while back, that I will from now on only live cash only. I sold my nice cars and my house in turn I now drive an old 2001 Mazda, my wife drives an old Golf. I am now saving for the car I really want and the house I really want, to buy it cash!

I know this may make no sense to any financial advisor or business man, but honestly, living on debt makes no sense either. First of all, I calculated that if I buy a new car, I am an idiot. They loose value way to fast and is therefore not a good buy, so a good 2nd hand car will do from now on, until I can afford to waste money and buy a new car. As far as the new house is concerned? I will buy a house by praying on others that are about to loose theirs and I will buy it for much less than it is worth. My new goals in life is to see with how much money I can grow my investments and savings, before I spent it. I have very little debt left and it should be paid up by the end of this year, At which point my salary will need to be very small to maintain my lifestyle. Debt imo can only work if you can use the money you loan to grow at a higher % than the interest rate guaranteed, if not it is the biggest evil there is.