Comments on: The really obvious thing we all forget when borrowing money

By: Cameron says Britons should pay down debt, then flubs it « Simple Living in Suffolk

Thu, 06 Oct 2011 11:54:11 +0000

[...] aren’t worth it and you can’t have it all now without shafting your future self, because that’s who you’re borrowing from, not the [...]

By: Doom and Depression Death Spiral Deliberations « Simple Living in Suffolk

Doom and Depression Death Spiral Deliberations « Simple Living in Suffolk — Thu, 22 Sep 2011 17:45:50 +0000

[...] the suckout from paying down debt. In the end you don’t borrow money from someone else, you borrow it from your future self. We are now that future self and it’s pay back [...]

By: Founder of Immortalist Society Dies « Simple Living in Suffolk

Founder of Immortalist Society Dies « Simple Living in Suffolk — Wed, 27 Jul 2011 17:19:35 +0000

[...] have to start paying down their debts. We don’t seem to mind borrowing from our children, but making our future selves poorer may seem a worse [...]

By: The Worst Person to Borrow From

The Worst Person to Borrow From — Fri, 24 Jun 2011 11:59:29 +0000

[...] post, The Really Obvious Thing We All Forget When Borrowing Money says it just different enough that might help flip that switch for [...]

By: A Public Service Announcement for the Middle Class in the Public Sector who are about to lose their job « Simple Living in Suffolk

Fri, 29 Apr 2011 11:00:23 +0000

[...] the key to an awful lot in personal finance. Living on debt is living above your means, and you are borrowing from your future self to make your present self richer. Not everybody can live on less than their salary, but the middle [...]

By: Pete

Pete — Sun, 30 Jan 2011 15:06:37 +0000

That is pretty clever. The only problem with this is that in an inflationary economy savers are punished and debtors are rewarded by having their debt inflated away. With that being said your thinking is still valid.

By: The Gold Conundrum « Simple Living in Suffolk

The Gold Conundrum « Simple Living in Suffolk — Thu, 06 Jan 2011 20:09:47 +0000

[...] Much in life is an inherent polarity, and just like you can’t get rid of the South pole of a magnet without destroying the North pole so too you can often not KO the undesirable without kissing goodbye to the desirable that it keeps in balance. Want to eradicate child poverty? You can do that, but you will end up sponsoring the feckless instead. Want to live beyond your means? You can do that too, but it may mean you’re skint later on. [...]

By: Inflation kills your money- a cautionary tale from a European fiscal giant « Simple Living in Suffolk

Tue, 28 Dec 2010 15:44:01 +0000

[...] and song, but what we did with it is inflate the price of property, making ourselves feel richer by taking money from our future selves, and in a casual drive-by shooting of our younger folk inflating the price of an essential asset, [...]

By: Rich Dad Poor Dad’s Increase your Financial IQ « Simple Living in Suffolk

Thu, 07 Oct 2010 19:50:31 +0000

[...] years. It’s still damned useful if you want to buy a newspaper, just less so if you want to give money to your future self, because a significant amount of it will fall off the lorry on its way to your future [...]

By: Best September for 71 years for the Dow – but is it real? « Simple Living in Suffolk

Fri, 01 Oct 2010 10:35:15 +0000

[...] So we printed it. The results are showing up in all sorts of places. I am trying to save money and give it to my future self, which is not what the Government wants me to do. Well they can stick it, though obviously I have to [...]

By: what can you do to preserve capital these days « Simple Living in Suffolk

what can you do to preserve capital these days « Simple Living in Suffolk — Fri, 07 May 2010 11:49:49 +0000

[...] since I am trying to save to give to my future self, I need money to perform a second role. That role is one which the Great British Pound Sterling [...]

By: Emily

Emily — Wed, 31 Mar 2010 19:31:51 +0000

I never thought of borrowing in this way – “When you borrow money, you’re borrowing from your future self.” It makes a lot of sense. Great post! Thanks!
.-= Emily on: Is IVA The Right Solution For You? =-.