I wrote “The In-Debt-ured Servant” on January 6, 2022, when the world was a much different place. I felt that the powers that be were at least TRYING to hide their true intentions then.
Flash forward exactly two years, and there is no doubt about what they want for the average person—to become servants to their debt.
Over these two years, we have witnessed interest rates climb at the fastest rate in 40 years, inflation spike, and housing become unattainable to most people under 40.
Retirement Planning in Your 60s
But there is still more pain to come. If we don’t start working together as average people and solving our family issues, they will lock us away in 100-year mortgages for our lifetimes.
Who are the powers in control? The people in control have power, influence, and money. However, I don’t think that they are inherently evil.
Money is an exchange of value. The average person will only purchase a $500 purse if they find value in the product, experience, status, or social bragging rights.
Therefore, we can’t blame the capitalists (what I call them) for our problems. The best way to beat them is to become capitalist ourselves.
The number one way the capitalists invade our lives is through our 9-5 jobs that give us a false sense of security.
Creative Financing in Real Estate 105: Hard Money
The belief in our security is so great that we will spend our future earnings based on our current emotions and wants; we call this debt.
Escaping the debt wheel. My wife and I retired in 2023; I was 42, and my wife was 39. Before retirement, I earned $180,000/year, and my wife made $45,000/year.
Doing the math, we were earning roughly $18,000/month before tax. Luckily, we were living far below our means and saving and investing much of this income.
However, I still feared retirement because my military pension would be $8,500/month, which seems like a massive drop in income.
Retirement Planning in Your 50s
After living on $8,500/month for six months, I can safely say that it is more than enough for us to live a great life. Therein lies the trap of lifestyle inflation.
As we make more money, we spend more money. We track the amount we make, which seems like a status symbol and bragging rights. To the point where we spend just to show how much money we have.
Lifestyle inflation is essentially a “debt wheel” that keeps you broke, bullied, and behind. You never have enough because you always want more.
The economy LOOKS bad, but it isn’t so tough. From the outside, the economy looks terrible. Housing prices and rents are sky-high. Cars, tuition, healthcare, and childcare are super expensive and elusive.
Become an Investor: Inflation is Coming
However, these are just the consequences of living independent lifestyles. The capitalists convinced us to leave our families to live alone in this world.
Then, they sold us the American dream of a big house, a spouse, two cars, two kids, vacations, weddings, rings, and retirement.
So one person is supposed to leave their home at 18 and retire at 60 while paying for their college, a wedding, a house, two kids, private school, childcare, and healthcare for everyone.
I am getting exhausted just writing about this challenging mission. But we can’t blame the capitalists; we must take ownership of our own situations.
Retirement Planning in Your 40s
If we work together, this economy is the best place to get married, raise children, and maintain family bonds. On the other hand, it’s the worst place if you think you can do it all alone.
Looking at two futures. Let’s take a look at two futures starting from today. The first future involves Robert & Lacey.
Robert and Lacey are both professionals and married at age 30. They both have student loans and make $100,000 each at their respective jobs.
They buy a home on the outskirts of Houston for $400,000. They have two kids before they turn 35. They pay childcare for 5 to 7 years as they continue to work.
After their kids attend public school, they have the following bills: student loans, two car notes, a mortgage, and healthcare. They must also save for their kids’ college and fund their retirement portfolios.
Don’t Let School Interfere with Your Education
No matter what they do, they can’t seem to get ahead. They bicker and fight because everything always revolves around money. They divorce.
Their family is in shambles, and they will never get ahead. For all intents and purposes, their kids don’t stand a chance against the harsh world.
A much better future. Let’s look at Robert and Lacey when they included their parents in the relationship and lifestyle.
Robert and Lacey both live at home while they attend college and avoid student loan debt. They meet on campus and soon marry.
The Six Types of Income
Once they marry, they STAY with Robert’s parents as they start their careers. Robert’s parents can retire because the kids cover the mortgage and bills.
Because they have parental support from both sides, Robert and Lacey have four kids before the age of 35. The four parents all chip in to provide full-time daycare to the four kids.
Robert’s parents take it a step further and begin to homeschool the kids as they come of age. Their education is top-notch.
Over the years, Lacey’s parents extracted home equity from their primary residence to purchase considerable land near their home.
Buy and Rent an 18-Wheeler Truck
With everyone working together, they built four tiny homes on the property. These will serve as homes for the grandkids if they so choose. In the meantime, it provides a nice stream of passive income.
Robert and Lacey’s relationship is thriving because they don’t have the weight of the world on their shoulders. Their parents have a new lease on life, and the grandkids will all have vast opportunities to grow the family and start powerful careers.
Conclusion. Which story did you like best? Do you think that the second story is unreasonable? If so, that’s how the capitalist will always win.
Is Rental Income the Best Type of Income
Is it unreasonable to believe that six people working together will get better results than two? If we want to avoid divorce, debt, and becoming indentured servants, we must work together.
I’ll ask you one last question, “How do you believe the rich live?” Do you think the rich let their kids go off and rent an apartment and struggle?
Rich people keep their kids close. They let the kids stray a little further because they have the means to support them with housing and living costs.
I Live Paycheck to Paycheck
If not, the rich kids stay with their parents until the right opportunity presents itself. Additionally, the rich kids always have a fallback plan with their parents. They know that as long as they do the right thing, their parents will have their backs.
Why is it that poor people kick their kids out at 18 with nothing? When the kids need to purchase a car, they pay 20% interest because they don’t have a cosigner.
We average people are average because we don’t work together. We are strong, humble, and intelligent; however, we don’t have resources.
The only way for us to get above-average results is to work together. Would you rather have two people or six people on your team? Good Luck!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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