Let's talk about land OWNERSHIP vs. a MORTGAGE.
Bill Gates now owns 240K acres of land. Whoopty-do.
We own LAND. 20K acres from NC, GA, LA, and TX.
What comes with LAND ownership?
The right to exploitation of resource rights.
Of which, we have lease rights on timber, natural gas, water, and oil.
I sustain my family's lifestyle from those resource rights.
From rentals. to selling of timber, to lease agreements for natural gas, and water.
The domicile we live in is bought and paid for. All we pay is property taxes.
Same said for the rest of the 20K in acreage we own.
WHY?
Because I learned how to convert a debt instrument into value.
Maybe, just maybe, Gates knows the fundamental truth about currency.
I certainly do.
I learned it from three powerful sources.
Modern Money Mechanics.
Creature From Jekyll Island
Map and The Territories.
The take away? IF one has a mortgage....one is broke.
"the debt free lifestyle is the best life to live."- Warren Buffet.
Mortgage means death pledge.
Am a Caucasian married to an Asian and we embrace Asian family values. Love it.
Property taxes....yeah...they suck.
NO ONE in this country possesses allodial title to their property. Even Bill Gates.
On our property tax bills we are deemed TENENT.
We have the right to use said properties, as long as we pay the property taxes..
This applies to everyone, including Gates.
However, I would rather pay property taxes than hold a mortgage on our properties.
No one in this country has allodial title to property.
We are designated as TENENT on our property tax bills.
TENENTS do not own property.
Property "owners" have the right to use the property as long as they maintain the property taxes.