> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?
Also mortgages.
Golden Rules for Making Money (1880)
11–20 of 206 posts
Re: Golden Rules for Making Money (1880)
#12I like how it begins with... "In the United States, where we have more land than people..."
Only people living in big cities think this isn’t still true. If you so desire, huge portions of land in the country “flyover” USA are yours to be had for very cheap. Of course it’s difficult to get internet there, so how will the millennials make it?
Some millennials are in their mid 30's. Isn't it time to pick on a new generation?
Re: Golden Rules for Making Money (1880)
#13I like how it begins with... "In the United States, where we have more land than people..."
Only people living in big cities think this isn’t still true. If you so desire, huge portions of land in the country “flyover” USA are yours to be had for very cheap. Of course it’s difficult to get internet there, so how will the millennials make it?
You can get satellite internet in the middle of nowhere. It's much harder to get water, power, waste management, medical services, and grocery stores.
Re: Golden Rules for Making Money (1880)
#14Re: Golden Rules for Making Money (1880)
#15> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?
Also mortgages.
Secured debt and unsecured debt are different animals entirely.
Re: Golden Rules for Making Money (1880)
#16Earlier quoted context omitted.
Only people living in big cities think this isn’t still true. If you so desire, huge portions of land in the country “flyover” USA are yours to be had for very cheap. Of course it’s difficult to get internet there, so how will the millennials make it?
4G coverage is actually pretty good these days.
That’s good to hear. I went to a small college in Massachusetts that only had dial-up in 2008 and no cell service. The entire school shared a custom symmetric 10 mbit/s split over 500 people.
Man those were the days...
Re: Golden Rules for Making Money (1880)
#17Earlier quoted context omitted.
Only people living in big cities think this isn’t still true. If you so desire, huge portions of land in the country “flyover” USA are yours to be had for very cheap. Of course it’s difficult to get internet there, so how will the millennials make it?
You can get satellite internet in the middle of nowhere. It's much harder to get water, power, waste management, medical services, and grocery stores.
If you have power then water is straightforward. Just dig. We’ve been doing that for hundreds of years.
Re: Golden Rules for Making Money (1880)
#18Re: Golden Rules for Making Money (1880)
#19> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?
Barnum himself spent much of his life in and out of debt. He was a great showman and many of the performances he arranged were extreme financial successes, but he was a profligate spender and he was always one disaster away from going deep into dept.
Re: Golden Rules for Making Money (1880)
#20> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?
Also mortgages.
the very next paragraph:
> Mr. Beecher advised young men to get in debt if they could to a small amount in the purchase of land, in the country districts.
> This may be safe to a limited extent, but getting in debt for what you eat and drink and wear is to be avoided.