For my earlier post, I received a comment from RaagvamDutt, telling me about reverse mortgage. I am aware of reverse mortgage and know that it can be handy for old couple with constraint income. It does not contradict my conclusions of the earlier post, rather it compliments it.
- Buy a house at old age, for living in it, and if you income is not sufficient, put the house on reverse mortgage, to earn that extra income and still live in it.
I just downloaded a new financial game called Creditability. It looks to me a pretty interesting game. Here is what the website claims :
Creditability is set in four different environments: university, a shopping precinct, TV studios and a village. The purpose of the game is to successfully complete the various tasks and challenges within each environment, building up knowledge of money, credit and debt.
Here are some screenshots :
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