My wife and I got out of debt entirely, and our lives RADICALLY changed for the better. We're able to save so much more for retirement and for the things we want, and we don't make any more money than we did before, all because we weren't having our money siphoned out to pay a little bit of our debt at a time.
but how exactly are you 'saving' for retirement? are you putting it in the stock market? well that's a house of cards. are you saving it in cash? even worse given what the feds can do with the money supply. i agree with wormself, debt is just another instrument. we have a ton of debt, but it's all pretty much in real estate that cash flows. over the years, this debt will go down as it's paid down and as the value of money decreases while the cash flow increases. you should read rich dad poor dad and consider getting out of the dave ramsay mentality.
This is not true. People were made to take it with the full force of the law turned on them.
Bullshit. I left my job. Thankfully I saved money. Debt is slavery
If the economy and money crashes and burns, you don’t want to be holding some debt ?
My wife and I got out of debt entirely, and our lives RADICALLY changed for the better. We're able to save so much more for retirement and for the things we want, and we don't make any more money than we did before, all because we weren't having our money siphoned out to pay a little bit of our debt at a time.
but how exactly are you 'saving' for retirement? are you putting it in the stock market? well that's a house of cards. are you saving it in cash? even worse given what the feds can do with the money supply. i agree with wormself, debt is just another instrument. we have a ton of debt, but it's all pretty much in real estate that cash flows. over the years, this debt will go down as it's paid down and as the value of money decreases while the cash flow increases. you should read rich dad poor dad and consider getting out of the dave ramsay mentality.