Quote:
As for inherited debt, they have a solution to that nowadays. This newfangled stuff called life insurance, I believe--it's remarkable stuff, it really is. See, what you do is pay a small amount every month for this stuff, and when you die, it gives the people you leave behind enough money to pay for your funeral costs, the debts you leave behind, and usually more. I myself have SGLI, which gives me a quarter million dollars when I die but costs only twenty bucks a month--and if I was sixty years old and smoked like a chimney, I could get the same thing. And even though that's through the military, there are plenty of other organizations out there that offer this stuff with decent rates. Or, there's always the option of, well, not racking up hundreds of thousands of dollars worth of debt. But oh, we can't do that now, can we?
a child doesn't have the choice to telll there parents to get life insurance so they dont inherit debt heck a kid doesn't even know what life insurance is.A teen same thing a person in there 20s if a parent dies and leaves debt and stuff and doesn't have lif einsurance well its not hte person's fault that ther eparents were too much of a dead beat to get the insurance and htink aobut there dang kids welfare if something happened to them...see were I'm getting at dude.This crap happens to a lot of families and people every year and when you get caught in this vice its fustrating and tough to get out of man.Having inherited some debt it jsut made your lif emore of a hell hole lol..I mean its life but lets say someone inherits tehr eparents debt but its so much debt that heck they have to go homeless in order to pay for it.Now thats the easy way out its liek you said sas you can work three jobs for it but if it happens when your like wat 18 and a college student man you have to drop your whole dman future pay for thata nd go ahead and pay for oyur student loans.Beucase you won't have time for school if your too busy working to pay off a inherited debt lol.