Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (51108)	6/19/2004 1:47:55 AM
From: energyplay	Read Replies (2) of 74559

Eventually, both cars are paid off, and then the credit card debt is reduced with transfering the balance to cards with lower rates. +4,000 Both people get nominal rasies at work of about 2%. +4,000 They get new cell phone an dland line contracts which cut phone bills. +200 As they get older, auto insurance rates drop slightly. +200 House fills up with clothes, knick-nacks, etc. Buying slows. +500 So about 2-3 years later, they will actually start adding to liquid net worth (non-house) at initially slow but later increasing rates. Some of the savings is tax sheltered, in IRAs, 4o1k, etc. Some will be company stock purchases at 15% discounts.

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