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Less debt.

Move in the direction of less debt in your personal life. This means ALL debt. Dont give me all that nonsense about how your mortgage on that McMansion is somehow good debt. Its not. There is no such thing as good debt in this system. In a solid asset-based monetary system that is a different story entirely but we are not in that.

So when I say no debt I mean it. No credit cards, no car loan, no home mortgage, NO DEBT. Someone who is doing this for the first time may simply sell some shit they have lying about to decrease their debt load, then target their smallest balance first and pay it off. Stuff like that. If you have a 25 year runway on your mortgage then you need to get out of that house to accomplish this goal. Sorry to say it but that is the case. No excuses there.

Move in the direction of less debt in your personal life. This means ALL debt. Dont give me all that nonsense about how your mortgage on that McMansion is somehow good debt. Its not. There is no such thing as good debt in this system. In a solid asset-based monetary system that is a different story entirely but we are not in that. So when I say no debt I mean it. No credit cards, no car loan, no home mortgage, NO DEBT. Someone who is doing this for the first time may simply sell some shit they have lying about to decrease their debt load, then target their smallest balance first and pay it off. Stuff like that. If you have a 25 year runway on your mortgage then you need to get out of that house to accomplish this goal. Sorry to say it but that is the case. No excuses there.

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I think having a credit card in good standing is a good way to build your credit.

Having good credit is absolutely necessary at a time when lenders, employers, and landlords look at that first. It's not ideal to have outstanding debt, but you need to take it on sometimes and in well thought out instances. Also, it's easier to "fly under the radar" with good credit. I think it allows access to funds, certain jobs, and opportunities such as purchasing land or equipment, or starting your own business that you wouldn't have otherwise.

For instance, I used credit to buy tools for my job. Those tools were absolutely necessary to advance my career and I was able to use my payment history to get a mortgage. I bought my house when I was 26, and most difinately didn't have the $100k+ in cash at the time. I had no family to borrow money from either. It's nearly paid off now (8 years in) and I used my credit and some equity in my home to purchase a plot of land. I'm using it for farming/hunting.... my family calls it a "dacha" and eventually I'll build a small cabin on it. If I would wait to pay for the land in cash, I would be too old to farm it by the time I amass that sum (I say this with sarcasm!).

Now that I have my own house, land, mini-farmette area (hard to describe but it's functional ariable land) water source, and woodland, I'm actually able to make a break for freedom.

It's a shame we don't have communal money pools that families could borrow from with no interest (the Amish around me do that with their church members and it seems to work for them) but we live in a low-trust society and I don't see regular people willing to give large sums of fiat to strangers. Perhaps "money pools" would be a good idea to start organizing???