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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (30249)	12/27/1999 11:56:00 AM
From: MeDroogies	Respond to of 50167

Absolutely! I sat down with an accountant who wanted me to increase my mortgage debt load for writeoff purposes. I couldn't believe what I was hearing. After a half hour of arguing and me showing him how much I'd actually "lose" despite the write off, I fired him. He was looking for more business...trying to further complicate my tax situation so I'd rely further on his expertise. Now, I need an accountant due to the ownership of rental property and my trading "habit". I can't keep track, to be honest. In the end, however, debt is a millstone around everyone's neck. I pay it off whenever I have the free money to do so...as long as it doesn't inhibit cash flow. It is a guaranteed return of 6.5%+. Right now, there aren't many places you can get that return besides the market, and that won't necessarily be the case forever. Besides, the additional cash I've freed up from paying debt goes into the market, where it gains.....it's a virtuous cycle.