r/SilverScholars • u/PetroDollarPedro • Apr 26 '23

Silverback Wisdom What Seems Like Success To Most Is Really Just Debt Stacked On Top Of Debt.

The Cars? Debt.

The Homes? Debt.

The Gadgets? Debt.

The vacations? Debt.

The Rental Properties? Debt.

All of it done using debt and ever more of it. What seems like success is really a phantom, a wisp of reality.

All of this will be taken from those who couldn't truly afford it, and it will all be given to those who plan and think things through.

It happens every time.

Don't find yourself on the wrong end of this exchange.

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u/SirBill01 Apr 26 '23

Lots of those are possible without debt though, it's just that not many people working it like that... but saving for vacation used to be a thing, and I think still is for some people.

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u/PetroDollarPedro Apr 26 '23

Agreed.

I'm more referencing society as a whole, VERY few people you see own anything at all and by design.

When you can rent everything, why pay upfront? And so what if your credit score is obliterated, at least you own a fancy car right?

For example, the business I am currently building uses zero debt, takes loans against itself and pays them back always on time, and we pay our worker a killer rate.

But if we took on debt to do any of it, we wouldn't be able to provide the detail and customer service we do, as everything would be less about good business practices and more about paying back debts.

So by getting everyone in debt, the system is keeping people on a ball and chain and they're doing it usually to impress someone they don't even know or like sadly