Thanks for visiting. This Blog and is intended for individuals with Net Annual Income of $105,000 or more. Get Rich Slow + Get Rich Quick = Get Rich Slick. If you're new here, you may want to subscribe to my RSS feed.

What tastes bitter in the morning, sweet and delicious in the afternoon but poisonous & fatal in the evening? Hint: In American society, this will ALWAYS be with you regardless of what anyone tells you and it relates to personal finance of course.

The answer is debt.

Most people get themselves in trouble during their youth, typically after college with student loan debt and credit card debt and quickly learn the “bitterness” of debt. Some have such a sour taste in their mouth from their experience that it takes them a long time to finally find the “sweet” taste in debt. They find the sweetness when they utilize debt to purchase their first home, raise children, and send them to school amongst other things. Those that do not take care of managing their debts in their elder years will find debt poisonous and fatal both in a metaphorical and literal sense.

Before anyone tells me that they have ZERO debt, let me emphatically say that the debt-free state does not exist in America. If you own a home, you will always owe property taxes; if you collect social security you will owe income taxes, if own a car, you will owe fees (e.g. taxes) on it. Remember, Webster defines debt as “something owed” and in this country, you will always owe someone (usually the State) something. Even a bum on the street that panhandles will owe taxes on the income he receives even though he may never file a return; The debt is still there, just unpaid. The only exception that I can think of pertains to Native American reservations but that likely doesn’t apply to 99% of the populous.

Someone asked me why my blog was “Intended for Individuals with Net Annual Income of $100,000 or more” as written on the header of every post and the answer is similar to the Riddle of the Sphinx. We are all in different phases in our life with different resources and priorities. Like others, I had my brief troubles with debt in my youth but moved on to understand investing and income generation as a priority. Today, there are plenty of pf bloggers who are wrestling with various issues such as debt and those that have conquered it successfully. Those pf bloggers are much closer to the issues that relate to them from which I am far removed from at this point.

I am at a stage where I find debt as sweet as any candy out there and I find it so because I have the resources and skills to reasonably manage it.