The false security of owning a home

[RedDawnParticipant 1391]

I had an epiphany today. I had watched a video on Youtube from a guy called ‘Fightingmediocrity’ about a book called ‘The way of the superior man’ where he discusses finding a purpose.

One of the fundamental ideas he raised was ‘what would you do if you had all the time and money in the world’

many people mentioned they would go on holidays, have a lot of sex and be lazy.

Though one guy listed a number of hobbies and pastimes he’d like to do. This got me thinking about where we invest our money, also known as our time.

Then I realised most people spend all their time and money on houses, cars and chasing tail.

But why?

Is it a lack of pastimes? A false sense of security that owning a house is what will make one happy? They’re told to do so by someone?

My epiphany was that spending all our time to pursue a house or a car means we have no time for our passions or enjoying what finite time we have on Earth, whether it’s raging on our mobile ap development or drinking tea and enjoying the sun (assuming that one is just working somewhere for money and not because they love the work).

If we learned to be more humble with being content with a smaller/cheaper house then we could have more time/money to pursue the things we want to do whether it’s lazing about on our arses, pursuing our passions or travelling the world.

It seems like a false sense of security, especially when you see a lot of people working jobs they hate to buy unnecessary s~~~ to make them happy, when really they could be happier not working 60 hours a week and having a greater appreciation for the few treasures they do own.

Perhaps having a mortgage or a marriage is actually a purpose or an identity to some?

I for one will never become a slave to debt, I would rather save money of my own accord and have the control to spend my time/money where I want to. It’s up to me to be disciplined not the modern day slave drivers. In other words I buy what I want with cash. When you go to buy something think about how many hours of work that will cost you and if it’s worth it.

Having my own money and having the liberty to not worry about a mortgage (French for ‘death contract’) or a marriage (another form of mortgage) is what freedom and security mean to me. Living paycheck to paycheck is a heavy weight on ones mind, hardly living the dream.

Security to me also means working in a field you enjoy. I will be pursuing the study of pharmacy next year as I enjoy the challenge of learning about medications and applying them to improve the health of people. I have already spent 4 years of my life studying to find I don’t want to work in that field, despite loving the theory and science of it all. I also have friends and family who work in that field that complain about their malcontent with their job.

So what does security mean to you?

Courage is the key to life itself - Morgan Freeman

[RedDawnParticipant 1391]

If someone was paying the mortgage via the rent I would agree, though I wouldn’t be inclined to get a mortgage otherwise, nor would I buy anything unnecessarily expensive. I hope to save up most if not all for a deposit for a unit/s to act as passive income, thus saving me time.

Why do you specify a double/duplex?

I agree with being versatile in terms of a skill set. I’m not a very technical person in terms of handy man stuff so I have a lot to learn, though I am helping my old man with a house extension. I have learnt a bit about plasterboard already, and I intend on learning how to tile and paint.

Courage is the key to life itself - Morgan Freeman

[Anonymous 18]

@reddawn your original post is suggestive of a man finding purpose without falling for a well trodden path.

Security to me is being a working, somewhat contributing member of society who is recognized or at the very least not considered a burded on society.

It’s rather too late for me to fully unplug myself from societal standards and expectations.

As I was raised, having material possessions such as a house was tied to working hard and to set goals and achieving them.

I get my motivation from what I could do or have by working harder than I otherwise possible.

A house is just a material possession that provides a place in society. A statement of financial/career success.

Same approach can be applied to any material possession. A nice car, an eye candy trophy wife, expensive wardrobe, etc.

I do see myself not seeking security and meaning in a woman’s wet patch.

But unfortunately I am a few generations too early to completely re-work motivation from things other than what money can buy.

‘Enjoy what you do’ is obtained by only a handful of men. I haven’t found anything that I enjoy doing for the sake of doing. I like to go out and buy s~~~ to put it all together.

Sorry more of a rant than a useful input.

[SkeptiskParticipant 3679]

Broad comprehensive skills are real freedom.

Since we all need a roof. Go with a double or duplex. 20 years of rent bought the house for me. The rent pays the new roof loan as well as feed me two weeks if the month. When the mort is done, the rent will feed me for life.

If done right, real estate is a key component to good lufe and security.

Do not marry and do not have kids and all will be well.

The problem by owning something that makes money is a foundation for taxes, and especially for increasing taxes. Here were I live there never have been taxes on property/land (500K population), but it was introduced this year – I s~~~ you not – by the Labour party. So, now there will be a tax on owning a home. And this tax will never go away. The best thing you can do now, Stealth, is to make as much as you can before you go into the red.

For me, I have the exact same mindset as the OP. The money I save up, is strictly for my golden years, and I have managed to save 799K NOK (about USD $100K) the past seven years. I don’t plan to rely on anybody else than myself.

When I know I have days/weeks left before I die, I plan to extract all money in paper bills, and set fire to them as the last act of defiance.

"Expecting to find a decent woman on a dating site is like dumpster diving and expecting to come out with a gourmet meal." Won'tGetFooledAgain

[HitmanParticipant]

Do not marry and do not have kids and all will be well.

words to live by !

RedDawn wrote:

If we learned to be more humble with being content with a smaller/cheaper house then we could have more time/money to pursue the things we want to do whether it’s lazing about on our arses, pursuing our passions or travelling the world.

thats why i own a tiny 720 square ft. home ! lees cost to heat /cool ..location ! location ! ..

got to live somewhere …PAY rent or TAKE rent ? …c’mon ….

[RoyDalParticipant]

Hitman wrote:

PAY rent or TAKE rent ?

Taking rent worked for me. Still does.

Society asks MGTOWs: Why are you not making more tax-slaves?

[JasonParticipant 282]

I own a small apartment with low rent. My father lives with me and we split everything, because neither of us could realistically live cheaper than we do now. Neither of us has any loans or debts. We live simple, reasonably fulfilling lives, and always help each other out when needed.

As many others have said, I believe two things matter over all else when it comes to security: minimize your expenses and never, ever take loans if you can help it.

There lies serenity in Chaos. Seek ye the eye of the hurricane.

[uchibenkeiParticipant 7965]

the bulls~~~ on property tax is that you pay tax on the estimated value of your property. this goes up every year and never down. you are being taxed on gains you have never realized and, in the even of a bubble pop, you may never realize. you are also paying every year on the value you purchased at and why? property tax should only be on secondary housing, not your primary residence.

I bathe in the tears of single moms.

[Anonymous 2]

Everything you own, ends up owning you.

I don’t own a house.
I don’t own a car.
I don’t own anything of any real value.

I never made that kind of money anyway, and now I don’t even want to anymore. What I want is to be left alone and play Fallout 4.

[HeadstrongParticipant 84]

Stealthy Mgtow and Red dawn, i agree with you to some extent.

Sorry guys for going offtopic again, it just ran outta me.. lol
The real upperhand comes when nobody knows that you are handy or technical or able of building by yourself.
One summer i helped my friends old father, naturally some old hag came by asking if i’d like to help her with some refurbishing for a sum of money.. I did not want to do this kind of work, i had to do it to bring food on the table, and for someone i’ve know personally, and for a long time.

She asked my friends dad, and he was like, well im not sure, but i would not bet on him helping you regardless of the money. i can ask him however and i’ll bring you an answer.
Ok thanks.. When he then told me about it and how much (little) money i would get… i thought for myself, no one has ever helped me working on anything even though ive offered money for it so why should i help someone i have never seen before, and for money. I told my friends father to tell her that i do not know her, and that i wish not to help her unless forced to, and she cannot do that, Furthermore she should ask someone in her own social ring.. This is not my problem..

Or when my own sister asked me to help her with her house (sweet justice).
She had taken a huge ass f~~~in loan on a house worth about s~~~ compared to the money she gave for it.
Now she is asking me to help her, when asking what im getting for doing so, she said, food and coffee… im like, silent.. omg, thinking for myself, food and coffee are one of the first things not even mentioned when i do these things. And besides, she did many nasty things to me before, and now, this? for food and coffee??
Her mangina husband replied then i’d talk to some of them polish immigrants i know, and youll miss out on this opportunity. (HHAHAHA). Im like on the phone: no i have a rather tight schedule, and wont do it for what you have to offer.

What i cant forget was how it hit me when she said “food and coffee” i saw my life in slowmotion, all my experiences and responsabilities was shunned aside. She really totally right there expected me to say, yup yessir uhm i mean ma’am i’ll do it, we start tomorrow morning first thing priority. Singing Hey Ho my sister’s bought a crappy house and we the boys in the family should save her and help her from herself. Especially after years of being a complete lunatic but now help her chase back her lost money which was never hers in the first place. I’m banging my head into the wall but hey i get food and money.

I guess we are better off having ladies to control everything.

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