Wealth Built on Debt, How Is That?
My high school classmate was back recently from the United States . She invited me for chit chat the other week. We were so pleased to see each other, both saying that not much really changed except for some grey hair and additional pounds on her end and less on mine. She's been a U.S. resident for almost 10 years now. Between sip s of our favorite coffee drinks, she announced that she and the husband was planning to move back to the country. She's been displaying the symptoms of a hypertensive and would not want to exacerbate the condition. One reason she says, is her home mortgage. The possibility of a foreclosure seems inevitable. At this point, her initial happy aura slowly turned to gloom. Two to three years ago she was on a roll. She was heavy into investments, buying a new car even when the old ones were still usable, buying a new home, travels, signing up with 2-3 credit card companies. Only because her co-teachers in a California middle school were doing it. Sudde...