Ideally, I'd have my house paid off and a tidy pile of silver and gold set aside. It was a good plan. Should have happened 7 years ago. Instead, I'm looking at another decade of house payments before it's all cleared up. Stuff happens. No big deal. Decisions were made and I don't regret them. Life moves on.
I can't but help be amused by the game. Will my state pension outlast the mortgage? It could happen. The mortgage illusion could be canceled out by the pension illusion. Every year my pension loses value. Raises don't keep up with inflation and medical insurance is expensive. Fortunately, the mortgage is at a fixed rate and is fairly small.
The loss of purchasing power has been made up by lifestyle changes. Having significant solar electricity, wood heat, and running vehicles on waste vegetable oil provide huge savings. My next big gains will be in food production. Inflation is supposed to be tiny -if you exclude food and fuel expenses. I'm well on my way of doing so.
My guess is that as long as the whole shaky financial system is held together with duct tape and bailing wire, the pension cancels out the mortgage. It is possible that the financial system will keep on keeping on. It's also possible that the moon will fall into the ocean. Which is more likely; I wonder?
For me, it's all a game. Having once let go of all my physical possessions, I'm blessed with the serene knowledge that life still goes on -and can be good. That knowledge makes me a rich man.
Good thing I'm happy with that, as I've never amassed a pile of money. The pursuit of it seemed like a horrible waste of one's time on earth. Money can be a good thing, but only so much as it allows a person to experience new things and learn. Piling it up just to pile it up is sad.
Money is often used as a substitute for other things: status, love, sex, power, or just about anything else. Instead of substitutes, I'll just have to settle for the real things.
From that vantage point, the financial game can be fascinating. For me, it's more entertaining than sports. Of course, I'm like all those fans who watch on TV; I like to watch, but I don't play the game.
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