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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="Shadowrider" data-source="post: 1328660" data-attributes="member: 3099"><p>This thread got me to thinking. And I was trying to remember if my grandfather ever had a loan? I can't remember in my lifetime that he ever did once he paid off his first house which was before my first memory and possibly before I was even born. </p><p></p><p>He learned the lesson of money management during the great depression. He had a job paying about $7 a week and many people were quite envious of it. He was sure glad to have it, I know that. One day he and a cousin were out horsing around and somehow the cousin ran over his foot with the car tire. We wasn't able to work with several broken bones in his foot and there was no such thing as disability, unemployment, etc. This also cost him being able to serve in WWII. He volunteered but they wouldn't admit him because of damage to his foot.</p><p></p><p>But in all of my memory he paid cash for EVERYTHING he bought. If he didn't have enough, he waited and saved up for it.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 1328660, member: 3099"] This thread got me to thinking. And I was trying to remember if my grandfather ever had a loan? I can't remember in my lifetime that he ever did once he paid off his first house which was before my first memory and possibly before I was even born. He learned the lesson of money management during the great depression. He had a job paying about $7 a week and many people were quite envious of it. He was sure glad to have it, I know that. One day he and a cousin were out horsing around and somehow the cousin ran over his foot with the car tire. We wasn't able to work with several broken bones in his foot and there was no such thing as disability, unemployment, etc. This also cost him being able to serve in WWII. He volunteered but they wouldn't admit him because of damage to his foot. But in all of my memory he paid cash for EVERYTHING he bought. If he didn't have enough, he waited and saved up for it. [/QUOTE]
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