I have never had to pay interest. I have never had a mortgage. I did not buy my first house until I was 32 yrs old. Unless you count the trailer home and I bought that at 27. I saved everything I could and bought the first house for 35,000 as a foreclosure. Cash sale and put another 25k into it to make it nice. I sold it at a 32k profit after 5 yrs. I bought my current house for 32k also a foreclosure. I put another 40k into it to make it nice. I had it appraised last year and it came in at 161k. I think it is time to start looking for the next foreclosure. I do not like loans. I do not have a credit card and I am frugal as they come. I do not believe in credit. I am now 41 yrs old and have no debt. My house is 2500 sqft on 2.5 acres with a pole barn. If I take what I have in the bank and sell this house I could have almost a quarter mil to buy the next one. If more people would live with-in their means and save money instead of buying dumb stuff we would be far better off than we are now.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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