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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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[–] • 1 pt

You're entirely correct and I agree with you for the most part. There's an exception but it is one that you can use to your advantage: your mortgage interest is a tax write-off. Many wealthy individuals use this to minimize tax payments. Granted, you're paying a (((mortgage company))) the extra money in interest, but at least you're removing that money from the government coffers. One of my main goals is to reduce my tax burden as much as possible so I'm not funding people that hate me, enabling policy that goes against everyone's best interest, and contributing to social programs that get subsidies to grow a problem instead of resolve it.

100% debt free is solid advice for the average person, but has some nuance to consider.

[–] • 0 pt
  • move to a tax-free state
  • reduce your income to below federal income tax levels
  • live off the grid
  • live in a trailer instead of a house
  • move around constantly
  • have your mail forwarded by a forwarding service

All these are possible options I have no intention of ever using myself, because I don't need them.

[–] • 0 pt

There are NO tax free states.
Reduce your taxable income below income tax levels.
moving and mail dont matter a bit.
trailers suck

[–] • 0 pt

...but if everyone simply walked away from it all it would ALL collapse. Your entire life would be a tax writeoff not just your mortgage interest because there would be no income tax or cap-gains tax. Just like in 1910 and before. Literally fighting for a tax writeoff is the reason you have to pay taxes in the first place. take a moment to re-read that last sentence 10 times. Ill re-type it. Fighting for the mortgage tax writeoff is the reason you have to pay taxes in the first place. Stop using their money and they cannot tax you. It is the realized income or capital gains that is taxed. So realize in their currency, no gain and you dont owe shit. I hate to say it bro but you are still deeply entrenched in their slavery mindset.

[–] • 0 pt

First off, I was giving you an example of what the wealthy do to reduce their tax burden. That's not what I personally adhere to, but it is something to consider. I'm not "fighting" for a tax write-off.

And yes, if EVERYONE walked away from paying taxes that would be great, but it will never organically happen. I'd would be happy to "stop using their money" but again, not feasible at the current time.

We must operate in our current parameters. Anything else is wishful thinking.