I am debt free except money I owe that earned me welcome bonuses. I have extended 0 APR on all 3 cards its spread over. Debt-free isn't as attractive to someone without assets to be seized. I have lived debt free and also leveraged my over 800 credit score.
Latest purchase netted me 200 welcome bonus and 15 bucks for the thousand I had to spend. 0 APR for 21 months... The thousand was spent on real money... So I ended up well below Spot... Currently spending 0 on non-essential things, as I always do when I need to and will likely pay off and use the 0% interest several times before the 21 months is up.
I admire your achievements, I paid off my starter home in a shit city in 16 years, lived there 2 more years then sold it at bought a condo. I have lived in 4 condos one at a time and paid cash. I only had a HELOC on the first condo when I moved and kept it as a rental I had 2.74% for most of the life of the HELOC and used it several times during the 10 year borrow phase. I loaned out 75% of the capacity at 14.57% holding a mortgage, then another time loaned out 25% of capacity at 18%. I also used it in several other ways.
I don't have a lot of assets, but I never craved them ether and haven't been broke since I was a child. Retired early abroad and got screwed by the whole COVID thing. I will return abroad when this all has turned around. My wife will have her own SS and 403B money and I built her a house in her country paid in full. No kids to leave anything to, I don't intend to live in misery while the medical machine drains me quickly in the hospital or slowly in the nursing home.
Everybody has their own goals and they can be equally valid.
I am debt free except money I owe that earned me welcome bonuses. I have extended 0 APR on all 3 cards its spread over. Debt-free isn't as attractive to someone without assets to be seized. I have lived debt free and also leveraged my over 800 credit score.
Latest purchase netted me 200 welcome bonus and 15 bucks for the thousand I had to spend. 0 APR for 21 months... The thousand was spent on real money... So I ended up well below Spot... Currently spending 0 on non-essential things, as I always do when I need to and will likely pay off and use the 0% interest several times before the 21 months is up.
I admire your achievements, I paid off my starter home in a shit city in 16 years, lived there 2 more years then sold it at bought a condo. I have lived in 4 condos one at a time and paid cash. I only had a HELOC on the first condo when I moved and kept it as a rental I had 2.74% for most of the life of the HELOC and used it several times during the 10 year borrow phase. I loaned out 75% of the capacity at 14.57% holding a mortgage, then another time loaned out 25% of capacity at 18%. I also used it in several other ways.
I don't have a lot of assets, but I never craved them ether and haven't been broke since I was a child. Retired early abroad and got screwed by the whole COVID thing. I will return abroad when this all has turned around. My wife will have her own SS and 403B money and I built her a house in her country paid in full. No kids to leave anything to, I don't intend to live in misery while the medical machine drains me quickly in the hospital or slowly in the nursing home.
Everybody has their own goals and they can be equally valid.